Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock Price & Analysis
Taiwan Semiconductor Manufacturing Company Limited (TSM) closed at USD 412.35 on Thursday, October 22, 2026, down 4.52% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 431.89; the Oct 22, 2026 session ranged USD 410.22–421.91 on volume of 16,423,961 shares. Market capitalization is $2.14T, with a 52-week range of USD 266.82–487.47 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:20 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TSM.md
Key facts (TSM)
- 24 of 80 tracked superinvestors hold TSM (13F, Q2 2026): 1 new, 6 added, 15 reduced, 2 unchanged.
- Analysts: Buy (mean 1.76 on a 1–5 scale) (21 analysts), mean target USD 584.39 (range 440–1,000).
- Total return with dividends: 1Y +43.3% vs S&P 500 +14.9%; 5Y +291.1% vs S&P 500 +80.3%.
- Next earnings: 2027-01-14, EPS estimate USD 5.16, revenue estimate $1.71T.
Superinvestors (SEC 13F-HR, Q2 2026) (TSM)
24 of 80 tracked investors hold TSM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Tepper | Appaloosa Management | 10.55% | $788M | Added +24.3% |
| David Rolfe | Wedgewood Partners | 10.40% | $50.4M | Reduced -18.4% |
| Chase Coleman | Tiger Global Management | 9.72% | $2.33B | Reduced -12.3% |
| Ruane Cunniff | Ruane Cunniff LP | 8.71% | $560M | Reduced -3.0% |
| William Von Mueffling | Cantillon Capital Management | 8.24% | $54.8M | Reduced -95.4% |
| Daniel Loeb | Third Point | 4.73% | $220M | Added +67.3% |
| Viking Global | Viking Global Investors | 4.31% | $1.51B | Reduced -29.1% |
| Terry Smith | Fundsmith | 4.02% | $548M | New position |
| Lee Ainslie | Maverick Capital | 3.07% | $340M | Reduced -42.5% |
| First Eagle Investment | First Eagle Investment Management | 2.99% | $1.79B | Reduced -4.0% |
| Sarah Ketterer | Causeway Capital Management | 2.75% | $254M | Added +4.6% |
| Mairs & Power | Mairs & Power Funds | 2.09% | $227M | Reduced -2.1% |
| Polen Capital | Polen Capital Management | 2.06% | $239M | Added +186.9% |
| Hillman Capital | Hillman Capital Management | 1.94% | $2.7M | Reduced -29.6% |
| Prem Watsa | Fairfax Financial Holdings | 1.69% | $44.7M | Unchanged |
| Torray Funds | 1.69% | $12.6M | Reduced -3.0% | |
| Wallace Weitz | Weitz Investment Management | 0.66% | $9.6M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | 0.36% | $688M | Added +1236.5% |
| Stephen Mandel | Lone Pine Capital | 0.30% | $48.4M | Reduced -92.7% |
| Jensen Investment Management | 0.18% | $7.6M | Reduced -3.3% | |
| John Rogers | Ariel Investments | 0.08% | $8.5M | Added +10.8% |
| Francois Rochon | Giverny Capital | 0.06% | $1.7M | Reduced -55.0% |
| Richard Pzena | Pzena Investment Management | 0.01% | $1.9M | Reduced -78.7% |
| Christopher Davis | Davis Advisors | 0.01% | $1.9M | Reduced -44.7% |
Analysts (TSM)
Consensus Buy (mean 1.76 on a 1–5 scale), 21 analysts; mean target USD 584.39 (low 440, high 1,000).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Barclays | Target raised | Overweight | $665 → $670 |
| 2026-10-16 | DA Davidson | Maintained | Buy | $500 |
| 2026-10-15 | Needham | Target raised | Buy | $530 → $560 |
| 2026-10-06 | Barclays | Target raised | Overweight | $650 → $665 |
| 2026-09-02 | Stifel | Initiated | Buy | $515 |
| 2026-08-11 | Bernstein | Target raised | Outperform | $430 → $554 |
| 2026-07-27 | Needham | Target raised | Buy | $480 → $530 |
| 2026-07-17 | DA Davidson | Target raised | Buy | $450 → $500 |
| 2026-07-17 | TD Cowen | Target raised | Hold | $400 → $440 |
| 2026-07-17 | Barclays | Target raised | Overweight | $625 → $650 |
| 2026-07-16 | Susquehanna | Target raised | Positive | $575 → $600 |
Total return (dividends reinvested) (TSM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +43.3% | +291.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +43.5% | +31.3% |
| Volatility (annualized) | 39.1% | 34.7% |
| Max drawdown | -21.6% (Jun 2026→Jul 2026) | -55.2% (Jan 2022→Oct 2022) |
Companies that name TSM in their SEC reports
| Relationship to TSM | Company | Filing | Sentence |
|---|---|---|---|
| supplier | LAM RESEARCH CORP (LRCX) | 10-K Aug 7, 2026 | “Our most significant customers during the fiscal years ending June 28, 2026, June 29, 2025, and June 30, 2024 included Micron Technology, Inc., Samsung Electronics Company, Ltd., SK hynix Inc., and Taiwan Semiconductor Manufacturing Company.” |
| partner | Sony Group Corp (SONY) | 20-F Jun 18, 2026 | “Additionally, in May 2026, SSS and Taiwan Semiconductor Manufacturing Company Limited ("TSMC") entered into a non-binding memorandum of understanding to pursue a strategic partnership for the development and manufacturing of next-generation image sensors.” |
| customer | Credo Technology Group Holding Ltd (CRDO) | 10-K Jun 15, 2026 | “In fiscal year 2026, we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production.” |
| customer | GSI TECHNOLOGY INC (GSIT) | 10-K Jun 5, 2026 | “Currently, all of our SRAM and APU wafers are manufactured by TSMC under individually negotiated purchase orders.” |
| customer | ALLEGRO MICROSYSTEMS, INC. (ALGM) | 10-K May 21, 2026 | “We currently rely on a limited number of third-party wafer fabrication facilities for the fabrication of semiconductor wafers used in the manufacture of our IC products, primarily United Microelectronics Corporation ("UMC"), Polar, Tower Semiconductor Ltd. ("Tower") and Taiwan Semiconductor Manufacturing Company ("TSMC"), and we purchase a number of key manufacturing materials and components from single or limited…” |
| customer | CIRRUS LOGIC, INC. (CRUS) | 10-K May 21, 2026 | “We use a variety of foundries in the production of wafers, primarily supplied by GLOBALFOUNDRIES Inc., ("GlobalFoundries") and Taiwan Semiconductor Manufacturing Company, Limited ("TSMC").” |
| customer | SEQUANS COMMUNICATIONS (SQNS) | 20-F May 11, 2026 | “For example, in 2021 and 2022, we experienced significant supply constraints for PCB and other standard components, including crystals and flash, and our supply of silicon wafers from Taiwan Semiconductor Manufacturing Company Limited, or TSMC, were placed on allocation.” |
| customer | Silicon Motion Technology CORP (SIMO) | 20-F Apr 30, 2026 | “Two outside foundries, primarily Taiwan Semiconductor Manufacturing Company ("TSMC"), and secondarily Semiconductor Manufacturing International Corporation ("SMIC"), fabricate our semiconductors.” |
| customer | TOWER SEMICONDUCTOR LTD (TSEM) | 20-F Apr 30, 2026 | “advanced technology node-driven foundry service providers that also provide specialty technologies, such as Taiwan Semiconductor Manufacturing” |
| customer | WISeQey Corp. (WKEY) | 20-F Apr 30, 2026 | “To mitigate these risks and strengthen supply chain resilience, SEALSQ has expanded its ecosystem through the acquisition of IC'Alps and the establishment of preferred partnerships with leading global foundries, including TSMC, X-FAB, ams-OSRAM, Intel Foundry, and GlobalFoundries.” |
| customer | ASE Technology Holding Co., Ltd. (ASX) | 20-F Apr 1, 2026 | “Since 1997, we have maintained a strategic alliance with Taiwan Semiconductor Manufacturing Company Limited, or TSMC, one of the largest dedicated semiconductor foundries in the world.” |
| customer | SEALSQ Corp (LAES) | 20-F Mar 31, 2026 | “To mitigate these risks and strengthen supply chain resilience, SEALSQ has expanded its ecosystem through the acquisition of IC'Alps and the establishment of preferred partnerships with leading global foundries, including TSMC, X-FAB, ams-OSRAM, Intel Foundry, and GlobalFoundries.” |
| customer | Peraso Inc. (PRSO) | 10-K Mar 30, 2026 | “Taiwan Semiconductor Manufacturing Corporation, or TSMC, the sole foundry that manufactured” |
| customer | Himax Technologies, Inc. (HIMX) | 20-F Mar 27, 2026 | “We have obtained our foundry services from TSMC, UMC, Vanguard, Macronix, Globalfoundries Singapore, PSMC, Nexchip and SKHYSI in the past few years.” |
| customer | QUICKLOGIC Corp (QUIK) | 10-K Mar 27, 2026 | “For our commercial products, we outsource wafer fabrication primarily to GlobalFoundries and Taiwan Semiconductor Manufacturing Company Limited ("TSMC").” |
TSM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $5.16 | $4.96 | +4.1% | $1.71T | 8 |
| Next quarter (ends Mar 2027) | $5.19 | $4.89 | +6.2% | $1.73T | 10 |
| Current fiscal year (ends Dec 2026) | $17.50 | $16.70 | +4.8% | $5.57T | 11 |
| Next fiscal year (ends Dec 2027) | $23.39 | $21.28 | +9.9% | $7.67T | 13 |
TSM options: expected move
Options price a move of about ±13.7% (±$56.30) by Jan 15, 2027, which includes earnings on Jan 14, 2027; the earnings reaction alone is priced at about ±4.0%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 39.0% | ±4.7% |
| Nov 6, 2026 | 14 | 37.5% | ±6.1% |
| Nov 13, 2026 | 21 | 35.9% | ±7.1% |
| Nov 20, 2026 | 28 | 35.4% | ±8.1% |
| Nov 27, 2026 | 35 | 33.9% | ±8.6% |
| Dec 4, 2026 | 42 | 33.4% | ±9.3% |
| Dec 18, 2026 | 56 | 34.1% | ±10.8% |
| Jan 15, 2027 | 84 | 35.4% | ±13.7% |
30-day implied volatility 34.8% vs 32.6% realized over the last 30 trading days. Put/call ratio (volume) 0.89. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:20 UTC)
| Price | USD 412.35 |
|---|---|
| Change | ▼ 4.52% (down) |
| Previous Close | USD 431.89 |
| Open | USD 419.39 |
| Day Range | USD 410.22 – 421.91 |
| 52-Week Range | USD 266.82 – 487.47 |
| Volume | 16,423,961 shares |
| Market Cap | $2.14T |
| Exchange | NYQ |
Technical Analysis (TSM)
Nexqual's technical model rates TSM "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:20 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.18 (neutral) |
| vs SMA50 | Below (USD 434.36) |
| MACD | -5.37 (negative) |
Analyst Ratings (TSM)
Wall Street analysts rate TSM "Buy" based on 21 analysts, with a mean price target of USD 584.39 (range USD 440–1,000), per Nexqual as of October 23, 2026 at 09:20 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 584.39 |
| High Target | USD 1,000 |
| Low Target | USD 440 |
| Buy / Hold / Sell | 20 / 1 / 0 |
Earnings (TSM)
| Next Earnings Date | 2027-01-14 |
|---|---|
| EPS Estimate | USD 5.16 |
| Revenue Estimate | $1.71T |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 4.6 vs est 4.52 ▲ beat |
| 2026-06-30 | USD 4.31 vs est 3.89 ▲ beat |
| 2026-03-31 | USD 3.49 vs est 3.33 ▲ beat |
| 2025-12-31 | USD 3.14 vs est 2.98 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Financials & Fundamentals (TSM)
| Total Revenue | $4.94T |
|---|---|
| Revenue Growth (latest quarter, YoY) | +50.90% |
| Gross Margin | +65.85% |
| Operating Margin | +58.66% |
| Profit Margin | +51.12% |
| ROE | +41.85% |
| Debt / Equity | 0.12 |
| Current Ratio | 2.51 |
| Total Cash | $4.02T |
| Total Debt | $818.38B |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Financial Health Score (TSM)
Nexqual rates Taiwan Semiconductor Manufacturing Company Limited's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:20 UTC.
| Growth | Strong — Revenue +32% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 66%, operating 59% (last 12 months) |
| Balance Sheet | Strong — TWD 4.02T cash vs TWD 818.4B debt, net cash position |
| Cash Flow | Solid — Operating cash flow TWD 3.13T (TTM) |
| Efficiency | Strong — ROE 42%, ROA 20.6% |
Ownership (TSM)
| Insider Ownership | +0.01% |
|---|---|
| Institutional Ownership | +15.51% |
| Shares Outstanding | 5.19B |
| Float | 37.84B |
| Short % of Float | +0.63% |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Leadership (TSM)
Taiwan Semiconductor Manufacturing Company Limited is led by C. C. Wei, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:20 UTC.
| Chairman & CEO | C. C. Wei |
|---|---|
| Senior VP, CFO & Spokesperson | Jen-Chau Huang |
| Executive VP & Co-COO | Y. P. Chyn |
| Executive VP & Co-COO | Y. J. Mii |
| VP of Research, Development, Pathfinding & Corporate Research and CTO | Min Cao |
Major Backers & Investors (TSM)
Notable institutional backers of Taiwan Semiconductor Manufacturing Company Limited include FMR, LLC, Capital Group, Sanders Capital, LLC, according to Nexqual as of October 23, 2026 at 09:20 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 1.14% |
| Capital Group | 0.66% |
| Sanders Capital, LLC | 0.5% |
| JPMorgan | 0.46% |
| Fisher Asset Management, LLC | 0.36% |
| AMERICAN BALANCED FUND | 0.34% |
| Van Eck Associates Corporation | 0.33% |
| Morgan Stanley | 0.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 0.39% |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AVGO | Broadcom Inc. | USD 323.24 | ▼ 4.31% |
| SKHY | SK hynix Inc. | USD 131.69 | ▼ 8.07% |
| MU | Micron Technology, Inc. | USD 856.49 | ▼ 6.26% |
| NVDA | NVIDIA Corporation | USD 212.21 | ▼ 4.4% |
| AMD | Advanced Micro Devices, Inc. | USD 507.93 | ▼ 8.1% |
| INTC | Intel Corporation | USD 85.49 | ▼ 8.04% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:20 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt