Weekly Recap | Taiwan Semiconductor -8.98%, consensus target far above spot
Weekly Review·
- TSMC experienced a weekly decline of 8.98% to close at 407.13 USD to 412.61 USD, underperforming the S & P 500 by 7.03 percentage points.
- Despite reporting a record third-quarter profit exceeding 7630 billion TWD and strong AI demand, the company faced significant selling pressure due to macroeconomic concerns.
- Institutional sentiment remained strongly bullish with 20 out of 21 covering firms giving buy or overweight ratings and a consensus target price of 584.39 USD.