Latest news with #BradLin
Business Insider
2 days ago
- Business
- Business Insider
TSMC Stock (TSM) Jumps on May Sales Boost
Taiwan Semiconductor Manufacturing (TSM) stock got a boost on Tuesday after the chipmaker announced strong sales in May 2025. The company noted that revenue for the month increased 39.6% year-over-year to $10.7 billion. Additionally, sales have increased 43% year-over-year in the first five months of 2025. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter One negative reported by TSMC was a sequential drop in sales. That saw May revenue decrease 8.3% when compared to April 2025. Even so, it should be noted that April set an all-time high monthly sales record for the company and May 2025 is now the second-highest monthly sales in its history. Investors were pleased by TSMC's May 2025 performance, sending shares of TSM stock 2.29% higher in pre-market trading on Tuesday. Traders will also keep in mind that TSM shares have increase 5.14% year-to-date and have rallied 24.92% over the past 12 months. Recent TSMC Stock Analyst Coverage Investors will note that recent analyst coverage of TSM stock has been bullish. It received updated coverage from two analysts last week: Four-star Bank of America Securities analyst Brad Lin reiterated a Buy rating and $220 price target, suggesting a 6.28% upside for the shares. Barclays analyst Simon Coles maintained a Buy rating and increased his price target to $240 from $215, implying a 15.94% upside for TSM stock. Analysts have high hopes for TSMC due to its large reach. The company acts as a manufacturer for several major tech companies, including Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Qualcomm (QCOM), Broadcom (AVGO), and Sony (SONY). Is TSMC Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for TSMC is Strong Buy, based on seven Buy and a single Hold rating over the past three months. With that comes an average TSM stock price target of $223, representing a potential 7.73% upside for the shares.
Globe and Mail
09-04-2025
- Business
- Globe and Mail
Taiwan Semi Stock's (TSM) Selloff Is ‘Overdone,' Says BofA
Bank of America believes that the recent drop in chipmaker Taiwan Semiconductor (TSM) stock may be overdone and still sees value in the company. As a result, it reaffirmed its Buy rating. Four-star analyst Brad Lin noted that concerns over tariffs and some short-term issues in the AI supply chain are already reflected in the stock's valuation. He pointed out that TSMC now trades at 14x and 11.5x estimated 2025 and 2026 earnings, respectively, compared to the low of 10x seen during past geopolitical tensions like Nancy Pelosi's visit to Taiwan in 2022. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Although Lin trimmed his price target on the stock from $265 to $240, he remains optimistic. For the first quarter, he expects revenue to decline by about 4% sequentially and gross margins to be around 57.3%, which is at the lower end of TSMC's guidance. The dip is partly due to production disruptions caused by recent earthquakes. However, Lin predicts that there will be a strong rebound in the second quarter, with revenue projected to grow by 5.7% as AI demand accelerates and shipments recover. Looking ahead, Lin sees some uncertainty in the long term due to ongoing supply chain concerns and the impact of new tariffs. Therefore, investors will likely be watching for updates on TSMC's U.S. expansion plans, the strength of AI-related demand, developments in advanced chip packaging, and any news about a potential joint venture with Intel (INTC). Despite the challenges, Bank of America believes TSMC remains well-positioned in the semiconductor industry. Is TSM a Buy, Sell, or Hold? Overall, analysts have a Strong Buy consensus rating on TSM stock based on five Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSM price target of $245 per share implies 74.4% upside potential. See more TSM analyst ratings
