B of A Securities Maintains Buy Rating on Taiwan Semiconductor
B of A Securities reiterated its buy rating on Taiwan Semiconductor with a $590 price target, a 36.46% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Taiwan Semiconductor (TSM) with a target of $590 on June 24, 2026.
- B of A Securities's $590 price target implies 36.46% upside from Taiwan Semiconductor Manufacturing Company Limited's ($TSM) current $432.35 share price.
- Shares of NYSE:TSM traded near $436.62 on Wednesday, with a market cap of $2.43 trillion and a P/E ratio of 40.1.
- Insiders and peers show varied activity, with CAPTIAL WORLD INVESTORS increasing its stake by 20% and insider VP Yuan Lipen buying shares.
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B of A Securities has reiterated its buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) with a price target of $590. This reaffirmation came on June 24, 2026, as shares traded near $436.62 on Wednesday.
B of A Securities vs. the S&P 500
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Other Institutional Activity in Taiwan Semiconductor
FMR LLC trimmed its holdings by 738,638 shares, now holding 60.39 million shares valued at about $20.41 billion, a slight 1.2% decrease. CAPITAL WORLD INVESTORS, on the other hand, increased its stake by 5.48 million shares, a 20% boost, ending with 32.89 million shares worth approximately $11.11 billion. SANDERS CAPITAL, LLC reduced its position by 3.90 million shares, a 12.2% decrease, leaving it with 28.06 million shares valued around $9.48 billion. Meanwhile, VAN ECK ASSOCIATES CORP added 1.80 million shares, a 10.3% increase, holding 19.26 million shares worth about $6.51 billion.
Taiwan Semiconductor Manufacturing Company Limited Stock Up 3.6%
On Wednesday, shares of Taiwan Semiconductor (NYSE: TSM) were trading near $436.62. The company boasts a market capitalization of approximately $2.43 trillion, with a P/E ratio of 40.1 and a forward P/E of 23.8. The stock has experienced a 52-week range between $206.20 and $476.31. Its 50-day moving average is $405.61, while the 200-day moving average stands at $335.15. The company's current ratio is 2.49, with a quick ratio of 2.19 and a debt-to-equity ratio of 18.45.
$TSM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Taiwan Semiconductor reported revenue of $4.10 trillion, reflecting a growth rate of 35.1%. The company achieved an EPS of $11.65, with a net margin of 46.5% and a return on equity of 36.2%. The next earnings release is scheduled for July 16, 2026.
Dividend
The company offers an annual dividend rate of $3.80, yielding 0.82%. The dividend payout ratio is 27.93%.
Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited
On June 24, 2026, VP Chuang Tzu-Sou sold 500,000 shares, while on June 22, VP Yuan Lipen purchased 1,000 shares at an average price of $79.19. Earlier, on June 15, Yuan bought another 1,000 shares at $75.26. VP Chuang Tzu-Sou also sold 500,000 shares on June 8, and VP Chuang Juiping bought 50 shares at $76.01 on June 5.
Analysts Set New Price Targets
On June 24, 2026, B of A Securities maintained its buy rating on Taiwan Semiconductor with a $590 price target. Susquehanna also maintained a buy rating with a $575 target on June 22. Barclays held its buy rating with a $470 target on April 22, while Needham maintained a buy rating with a $480 target on April 16. The consensus among analysts is a strong buy, with an average target price of $473.40 based on 18 opinions.
About Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Company Limited is a leading semiconductor manufacturer based in Hsinchu City, Taiwan. It designs and produces integrated circuits and semiconductor devices, serving a global market that includes Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company offers various wafer fabrication processes and supports high-performance computing, smartphones, IoT, automotive, and digital consumer electronics. Led by CEO Dr. C. C. Wei, TSMC employs about 76,907 people.
Bottom Line
B of A Securities' reiteration of a buy rating on Taiwan Semiconductor highlights continued confidence in the company’s growth potential. As the world's largest semiconductor foundry, TSMC remains a key player in the tech industry. Investors closely watch these updates, though it's important to remember that analyst ratings are just one of many factors to consider when evaluating a stock.
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