Barclays raised its price target for Taiwan Semiconductor Manufacturing Company (TSMC) to $670, reflecting confidence after the company reported its sixth consecutive quarter of record profits and a 51% increase in third-quarter revenue. Despite strong financial performance driven by high demand for chip manufacturing, TSMC's shares fell 1.8% due to broader market concerns like rising interest rates and geopolitical tensions affecting semiconductor stocks. The stock currently trades significantly below the new target, suggesting potential upside if market conditions improve.
TSMC trades at USD 416.54 on Pluang as of Oct 16, 2026 21:41 WIB, down 1.35% for the day. The stock's market cap is $1.96 trillion, with a 52-week high of $485.80. Pluang order activity shows 63% buy interest, indicating ongoing demand despite recent price drops.
Taiwan Semiconductor Manufacturing Company (TSMC) posted a strong Q3 with revenues up 41.2% year-over-year, driven by high adoption of advanced semiconductor processes. The company forecasts an even stronger Q4, projecting 58% revenue growth and furt...
The Direxion Daily Semiconductor Bear 3X ETF (SOXS) is considered unsuitable for long-term holding due to volatility drag, recommended only for tactical hedging. A recent semiconductor selloff has made stocks in the SOXX ETF more attractive, with an ...
Taiwan Semiconductor Manufacturing Company (TSMC) is projected to gain nearly 27% upside with a price target of $515.81, driven by strong demand from Nvidia and other chipmakers. Despite a recent price pullback, TSMC reported better-than-expected Q3 ...
Intel demonstrated progress with its 18A transistors and growing Xeon server CPU demand, driving strong data center revenue. However, Intel's foundry business still faces losses and lower margins compared to TSMC, which maintains high profitability d...
TSMC reported October revenue of NT$586.89 billion ($17.88 billion), up 59.7% from a year earlier and 14.7% from the previous month, driven by strong demand for advanced semiconductors amid AI investments. The company posted a record Q3 net profit an...
