Taiwan Semiconductor MFG. (TSM) Buy, Sell or…

Taiwan Semiconductor MFG. (TSM)

462.05

-0.07 (0.02%)

as of Jun 18, 2026, 11:54:51 pm Market Open.

149 watching

TOP PICK

Not a day goes by where we don't hear about chip shortages. The business used to be more competitive. They are incredibly well positioned. Margins should pick up. (Analysts’ price target is $143.96)

WAIT

A fabrication company for other companies. A leader. Way ahead in technology. Has become a political issue. US is pushing for a lot of fabrication to be done in the US, so TSM is opening up US plants. Capex will be large over the next 6-8 months, so you'll get a chance to buy lower in the next month or so. Has compounded at 15-20% for a long time.

SELL ON STRENGTH

Global best of breed. Great company but thinks the valuation is too high at these levels. Supply chain disruptions and natural disasters have elevated prices for semi conductors. If you own it, sell it or trim it. Because of the supply disruptions, there could be significant correction in the semi space.

TOP PICK

World's largest foundry. Can maintain market dominance. Continues to invest in technology. More scope to grow, especially as it can capture growth in the AI market, once the smartphone market starts to dwindle. Yield is 1.50%. (Analysts’ price target is $141.32)

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PAST TOP PICK

(A Top Pick Jul 28/20, Up 51%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TSM is progressing well. We are now recommending to trail up the stop (from $86) to $105. If triggered, this would all but insure a total investment return over 37%, including the previous recommendation to cover 50% of the position,

BUY

Interesting industry, with political aspects. Chips are vital. US is ahead of China in its ability to manufacture chips. TSM is one of the great foundry companies. Huge capex in the next few years. You can also look at NVDA (gaming, cloud) and QCOM (5G).

BUY

12-month price target of $134.50. Has been adding to it. Undisputed market leader of semiconductor foundries. Competitors just can't reach its huge economies of sale. Doesn't design, just manufacturers. 20% annual revenue growth. Yield of 1.5%.

TOP PICK

He's watching semis closely due to the current shortage and the US government investing seriously in this business. The industry is demand-driven. TSM says it can increase prices of its chips--interesting. Margins should improve as he expects robust growth for years to come. 15% revenue growth expected and this is trading at a low market multiple. TSM is investing $120 billion to building more facilities and compete better against AMD and Intel. (Analysts’ price target is $140.99)

BUY

With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.

BUY

Semis are the hottest business in the world, given the chip shortage that he expects to continue. TSM has a lot of orders.

BUY

Fantastic business. Semis are needed in every single device. TSM has all the right products and relationships. His only concern with semis is with companies that rely on others for their business. Homerun returns. Big tailwind of demand.

SELL

World class operation. He sold based on extreme valuation. When something moves 35% in one year, you have to ask yourself if you should be there. On the positive side, there is a chip shortage. Samsung has a better suite of products given the current environment, with a far more accessible valuation.

PAST TOP PICK

(A Top Pick Feb 14/20, Up 128%) Kings of the foundries in the semiconductor ecosystem. Market share of 50.5%. Position is being solidified. Big capex spend. Need to have it in your tech portfolio.

DON'T BUY

Semis have done very well. Their 20-year free cash flow shows that the stock is cyclical. Now, we're at a high. The time to buy semis would have been 2010-2011 when free cash flow dipped to lows and investors were worried about this industry. That said, one semi that is in the dumps and is very cheap is Intel. Though Intel is struggling now, he would buy this for these reasons.

BUY ON WEAKNESS

It is very expensive, but guidance has been an increase of 5% in revenues. The company continues to leap frog ahead. However, it is quite expensive and the demand is overbought. It is however driven by China. Has owned it before, but no longer does. Would wait for a better entry point. Holds Samsung instead.

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