TSMC (TSM): New Buy Recommendation for This Technology Giant
In a report released today, Haas Liu from Bank of America Securities maintained a Buy rating on TSMC, with a price target of $490.00.
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According to TipRanks, Liu is ranked #6000 out of 12161 analysts.
In addition to Bank of America Securities, TSMC also received a Buy from D.A. Davidson’s Gil Luria in a report issued on April 17. However, on April 16, TD Cowen maintained a Hold rating on TSMC (NYSE: TSM).
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.
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