Reiterated Overweight X

TSM Taiwan Semiconductor Manufacturing

Barclays

$275 $325

Upgrades Outperform Buy X

TSM Taiwan Semiconductor Manufacturing

Daiwa Securities

Reiterated Hold X

TSM Taiwan Semiconductor Manufacturing

TD Cowen

$130 $170

Reiterated Buy X

TSM Taiwan Semiconductor Manufacturing

Needham

$168 $210

Downgrades Buy Outperform X

TSM Taiwan Semiconductor Manufacturing

Daiwa Securities

Reiterated Hold X

TSM Taiwan Semiconductor Manufacturing

TD Cowen

$100 $130

Reiterated Buy X

TSM Taiwan Semiconductor Manufacturing

Needham

$133 $168

Reiterated Buy X

TSM Taiwan Semiconductor Manufacturing

Needham

$115 $133

Reiterated Market Perform X

TSM Taiwan Semiconductor Manufacturing

TD Cowen

$85 $95

Initiated Overweight X

TSM Taiwan Semiconductor Manufacturing

Barclays

$105

Reiterated Positive X

TSM Taiwan Semiconductor Manufacturing

Susquehanna

$128 $135

Upgrades Neutral Positive X

TSM Taiwan Semiconductor Manufacturing

Susquehanna

$126

Upgrades Outperform Buy X

TSM Taiwan Semiconductor Manufacturing

Daiwa Securities

Initiated Buy X

TSM Taiwan Semi

Loop Capital

Upgrades Eq-Weight Overweight X

TSM Taiwan Semi

Morgan Stanley

Initiated Market Perform X

TSM Taiwan Semi

Cowen

$120

Upgrades Negative Neutral X

TSM Taiwan Semi

Susquehanna

$85 $105

Initiated Buy X

TSM Taiwan Semi

Argus

$150

Initiated Neutral X

TSM Taiwan Semi

Atlantic Equities

$130

Upgrades Mkt Perform Outperform X

TSM Taiwan Semi

Bernstein

$149

Upgrades Underperform Buy X

TSM Taiwan Semi

CLSA

Initiated Buy X

TSM Taiwan Semi

Goldman

$50

Downgrades Outperform Underperform X

TSM Taiwan Semi

CLSA

Downgrades Overweight Eq-Weight X

TSM Taiwan Semi

Morgan Stanley

Upgrades Eq-Weight Overweight X

TSM Taiwan Semi

Morgan Stanley

Upgrades Neutral Positive X

TSM Taiwan Semi

Susquehanna

Upgrades Neutral Outperform X

TSM Taiwan Semi

Credit Suisse

Reiterated Mkt Perform X

TSM Taiwan Semi

Bernstein

$40 $42

TSM  Taiwan Semiconductor Manufacturing Company Ltd.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment. The foundry segment is engaged in manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (IC) and other semiconductor devices and the manufacturing of masks. It operates three 12-inch wafer fabs, four eight-inch wafer fabs, one six-inch wafer fab (fab 2) and two backend fabs (advanced backend fab 1 and 2). It also manages two eight-inch fabs at its subsidiaries, WaferTech, LLC in the United States and TSMC China Company Limited. Its exploratory work focuses on transistors and technologies, such as three dimensional (3D) structures, strained-layer complementary metal-oxide semiconductor (CMOS), high-mobility materials and 3D IC devices.