Benzinga · Sep 4, 2026
Taiwan Semiconductor Scrambles to Feed the AI Boom
Taiwan Semiconductor (TSM) scales up equipment buys amid tight capacity. Get the full stock analysis, ETF exposure, and outlook.
TS
NYSE · TSM
Taiwan Semiconductor Manufacturing Company Limited
Technology · Semiconductors
$417.01
Up+$9.34 (+2.24%)
Updated Sep 4, 2026, 4:11 PM
SID Score
7.3/10
Composite research score
Smart Money
67/100
Neutral
- Market cap
- 1.58T
- P/E ratio
- 26.2
- Dividend yield
- 1.13%
- 52-week range
- $230.30 – $479.00
- Volume
- 7.83M
- Avg. volume
- 12.97M
Price performance
TSM price history
1M range · 21 trading sessions · Daily adjusted prices
TSM closed at $417.01 after 21 trading sessions, down 0.28% for the selected period.
- Last close
- $417.01
- Period change
- -0.28%
- Period low
- $410.12
- Period high
- $430.97
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 3, 2026 | $413.29 | $417.30 | $407.815 | $417.01 | 7.83M |
| Sep 2, 2026 | $413.20 | $416.50 | $411.27 | $415.50 | 6.3M |
| Sep 1, 2026 | $417.80 | $418.62 | $412.065 | $414.00 | 7.93M |
| Aug 31, 2026 | $417.23 | $423.80 | $414.6001 | $415.32 | 6.75M |
| Aug 28, 2026 | $427.49 | $429.12 | $417.32 | $417.52 | 8.9M |
| Aug 27, 2026 | $423.015 | $429.64 | $420.53 | $427.30 | 12.75M |
| Aug 26, 2026 | $418.45 | $420.75 | $414.41 | $417.69 | 7.45M |
| Aug 25, 2026 | $414.585 | $419.7695 | $414.03 | $417.41 | 7.05M |
| Aug 24, 2026 | $413.87 | $414.34 | $405.15 | $410.12 | 10.65M |
| Aug 21, 2026 | $423.015 | $425.68 | $416.70 | $418.95 | 8.95M |
| Aug 20, 2026 | $408.60 | $417.96 | $407.7183 | $416.00 | 10.45M |
| Aug 19, 2026 | $418.13 | $419.60 | $407.88 | $412.09 | 8.42M |
| Aug 18, 2026 | $417.00 | $419.63 | $410.765 | $413.41 | 14.03M |
| Aug 17, 2026 | $429.97 | $435.71 | $426.80 | $430.97 | 9.48M |
| Aug 14, 2026 | $429.20 | $429.2699 | $424.10 | $426.35 | 6.32M |
| Aug 13, 2026 | $429.15 | $436.04 | $428.3922 | $430.49 | 8.19M |
| Aug 12, 2026 | $432.65 | $433.28 | $427.02 | $429.15 | 9.53M |
| Aug 11, 2026 | $424.20 | $424.90 | $418.87 | $422.06 | 9.7M |
| Aug 10, 2026 | $420.34 | $425.88 | $416.00 | $418.47 | 11.78M |
| Aug 7, 2026 | $424.79 | $424.79 | $413.10 | $420.04 | 9.16M |
| Aug 6, 2026 | $409.54 | $423.91 | $407.99 | $418.20 | 10.63M |
Latest TSM news
The latest Smart Investors Daily articles mentioning TSM.
Stock researchCompany · Overview
TSM research
Overview
Company profile and research snapshot.
Company profile
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with mid-60s market share in 2024. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $361.25
- Implied upside
- —
- Analysts
- 43
| Date | Firm | Rating | Target |
|---|---|---|---|
| Aug 28, 2020 | New Street | Buy | — |
| Jul 24, 2020 | Macquarie | Outperform | — |
| Dec 17, 2019 | China Renaissance | Buy | — |
| Sep 30, 2019 | Goldman Sachs | Buy | — |
| Sep 5, 2019 | Morgan Stanley | Overweight | — |
News briefing
No generated briefing is available yet.
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AI research layers
Interpretive context generated from the platform’s current data sources.
Taiwan Semiconductor Manufacturing Company Limited Stock Performance
Taiwan Semiconductor Manufacturing Company Limited (TSM) trades at $417.01, reflecting a modest 0.4% decline over the past month and a 4.85% pullback over three months, per SID market data. Despite this near-term softness, the stock has delivered a substantial 81.93% gain over the trailing twelve months, significantly outpacing broader market indices. TSM currently sits below its 50-day moving average of $421.01, suggesting short-term bearish momentum, while remaining well above its 200-day moving average of $371.51, which confirms a longer-term uptrend remains intact. The 14-day RSI reading of 40.0 indicates the stock is approaching oversold territory without yet triggering a classic oversold signal. According to Massive/Polygon data, average daily trading volume stands at approximately 12.97 million shares. TSM carries a beta of 1.267, indicating higher volatility relative to the broader market, consistent with its positioning in the semiconductor sector.
Taiwan Semiconductor Manufacturing Company Limited Valuation Analysis
TSM currently carries a market capitalization of approximately $1.58 trillion, cementing its status as one of the world's most valuable semiconductor companies, per SID market data. The stock trades at a price-to-earnings ratio of 26.2, which reflects a premium relative to the broader market but aligns with growth expectations for the leading-edge foundry business. The PEG ratio stands at 2.28, according to SEC filings, suggesting the stock is priced above its earnings growth rate on a traditional PEG basis. TSM's price-to-book ratio of 8.35 underscores the market's valuation of the company's intellectual property, advanced manufacturing capabilities, and dominant market position. The company offers a dividend yield of approximately 1.29%, providing a modest income component for shareholders. Within the technology sector, TSM's valuation multiples reflect investor confidence in sustained demand driven by artificial intelligence and high-performance computing applications requiring advanced node fabrication.
Smart Money Activity for TSM
TSM registers a smart money score of 70 with a bullish overall signal, according to SID market data. The insider activity component scores a perfect 25 out of 25, supported by notably strong buying activity — SEC Form 4 filings reveal 20 insider transactions over the past 90 days, with 18 classified as purchases compared to just 2 sales. This 9-to-1 buy-to-sell ratio represents a significant vote of confidence from company insiders. Institutional positioning also scores strongly at 23 out of 25, per 13F institutional filings, indicating that major fund managers maintain heavy allocations to TSM. However, the dark pool activity score of 9 out of 25 suggests relatively muted off-exchange institutional accumulation in recent periods. Congressional trading activity registers at 12.8 out of 25, reflecting moderate engagement from lawmakers with disclosed positions. The divergence between strong insider buying and subdued dark pool activity warrants monitoring, as institutional accumulation patterns may evolve alongside the stock's recent price consolidation near its 50-day moving average.
Taiwan Semiconductor Manufacturing Company Limited Earnings Outlook
TSM has demonstrated a consistent pattern of exceeding analyst expectations across its most recent reported quarters, according to company earnings reports. In the most recently reported quarter, TSM posted earnings per share of $4.31 against a consensus estimate of $3.77, representing a positive surprise of $0.54, or approximately 14.3%. The prior quarter delivered EPS of $3.49 versus estimates of $3.31, a $0.18 beat, while the quarter before that reported $3.14 against a $2.79 estimate, a $0.35 upside surprise. This trajectory reveals accelerating earnings growth, with sequential EPS increases from $3.14 to $3.49 to $4.31 across three consecutive quarters. Analyst estimates project $3.27 EPS for the upcoming quarter, per consensus data. The consistent earnings beats, averaging approximately $0.36 per quarter across the three most recent reports, suggest analysts may continue to underestimate TSM's revenue and profitability driven by advanced node demand.
Wall Street Analyst Ratings for TSM
Wall Street coverage of TSM reflects a broadly positive consensus, per SID consensus data. Historical analyst actions show a pattern of upgrades and bullish initiations from major investment banks. New Street initiated coverage with a Buy rating, while Macquarie upgraded TSM from Neutral to Outperform, citing improving fundamentals. Goldman Sachs reiterated its Buy recommendation, and Morgan Stanley upgraded the stock from Equal-Weight to Overweight, according to Wall Street analyst reports. China Renaissance similarly moved from Hold to Buy. Notably, all five recorded analyst actions represent either new Buy-equivalent ratings or upgrades from neutral positions, with zero downgrades present in the coverage history. This unanimously positive directional trend among analysts from firms including Goldman Sachs and Morgan Stanley reflects institutional confidence in TSM's structural positioning as the dominant advanced semiconductor foundry. The absence of any Sell or Underperform ratings across these major coverage initiations and revisions underscores the strong consensus view on TSM's long-term growth trajectory.
