TSMC
About: Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public 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 customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
Employees: 76,478
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more first-time investments, than exits
New positions opened: 218 | Existing positions closed: 140
17% more repeat investments, than reductions
Existing positions increased: 888 | Existing positions reduced: 756
4% more funds holding
Funds holding: 2,062 [Q2] → 2,140 (+78) [Q3]
0.15% less ownership
Funds ownership: 3.3% [Q2] → 3.15% (-0.15%) [Q3]
5% less capital invested
Capital invested by funds: $148B [Q2] → $141B (-$7.1B) [Q3]
12% less funds holding in top 10
Funds holding in top 10: 233 [Q2] → 205 (-28) [Q3]
42% less call options, than puts
Call options by funds: $7.6B | Put options by funds: $13.2B
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Simon Coles 86% 1-year accuracy 6 / 7 met price target | 22%upside $240 | Overweight Maintained | 18 Nov 2024 |
Needham Charles Shi 31% 1-year accuracy 24 / 78 met price target | 14%upside $225 | Buy Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 90 articles about TSM published over the past 30 days
