TSMC (TSM): New Buy Recommendation for This Technology Giant

In a report released today, from Susquehanna reiterated a Buy rating on TSMC, with a price target of $500.00.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for TSMC with a $456.83 average price target.

Based on TSMC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1055976591 thousand and a net profit of $510.52 billion. In comparison, last year the company earned a revenue of $868.46 billion and had a net profit of $359.79 billion

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSM in relation to earlier this year. Earlier this month, Ursula Burns, a Director at TSM bought 1,000.00 shares for a total of $322,050.00.