Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading player in the semiconductor industry, known for its advanced chip manufacturing capabilities. As the world's largest dedicated independent semiconductor foundry, TSM plays a crucial role in the global tech supply chain. It competes with other major players like Intel and Samsung in the semiconductor space.
TSM's recent performance has been impressive, with a 30-day gain of approximately 11.41%. This indicates strong investor confidence and positive market sentiment. Despite a minor 2.42% dip over the past 10 days, this could be a buying opportunity for investors anticipating a rebound.
The company's growth potential is significant, with a projected stock price increase of about 25.96%. Analysts have set a target price of $371.67, suggesting substantial upside from current levels. This optimism is driven by TSM's ability to capitalize on industry trends and its strong market position.
TSM's fundamentals are solid, as evidenced by its Piotroski Score of 8. This score reflects the company's robust financial health and operational efficiency. It highlights TSM's prudent management practices and its ability to maintain strong fundamentals in a competitive industry.
