Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) shares are trading above their 50-day moving average of $158.00, reaching a new 52-week high of $192.80 on Monday. TSMC’s market capitalization has now hit the $1 trillion mark.
Key Highlights:
– **Stock Performance:** TSMC shares have surged nearly 80% year-to-date. Ahead of the company’s second-quarter earnings report, several analysts have raised their price targets.
– **Analyst Predictions:** Morgan Stanley increased its price target for TSMC by about 9% over the weekend, predicting the company will raise its full-year sales forecast in the upcoming earnings announcement. Analyst Charlie Chan highlighted TSMC’s effective ‘hunger marketing’ strategy and strong bargaining power, which could lead to increased wafer prices due to high demand for AI-related products.
– **Capital Spending:** Reports suggest TSMC’s capital spending will rise to between $32 billion and $36 billion in 2025, driven by AI demand.
Stock Metrics:
According to Benzinga Pro, TSMC shares are trading above the 50-day moving average and hit a new 52-week high. The stock has an average annual revenue growth of 18.05% over the past five years and a forward P/E ratio of 29.76, compared to the industry average of 39.92.
As of the time of publication on Monday, TSMC shares were up 0.82%, trading at $185.50.
