Key facts, as of
As of October 22, 2026, Taiwan Semiconductor (TSM) trades at $412.35, up 42.7% over the past year. Its 52-week range runs from $266.82 to $487.47; the price is 15.4% below that high. It is 15.4% below its all-time high of $487.47, reached in October 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +1780.8%, against +312.9% for the S&P 500 (SPY). It sits 3.8% above its 200-day average of $397.13, the usual sign of a long-term uptrend. Its 30-day volatility is 30.9% annualized, which we rate high risk. It has a trailing P/E of 26.7 and a dividend yield of 0.87%.
Cite: Portfolio Terminal, "Taiwan Semiconductor (TSM) stock analysis", 2026-10-22. https://portfolio-terminal.com/analyse/tsm
Where it trades today
trading 66% of the way up its 52-week range
How the price has moved
How far it is from its record
Taiwan Semiconductor (TSM) is 15.4% below its all-time high of $487.47, reached in October 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +1780.8%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- TSM is valued near its sector range at 26.7x earnings versus 28.5x for peers, so the next move likely needs a real earnings or guidance catalyst.
- TSM carries a beta of 1.24, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- TSM remains in a bearish short-term trend and sits 15.4% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- TSM is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as AAPL, MSFT, NVDA start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for TSM come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for TSM. Last refresh: Oct 22, 2026, 10:45 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What Taiwan Semiconductor does
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing,…
What analysts expect
TSM carries a strong buy consensus from 20 analysts, with an average price target of $584.39 versus $412.35 today (+41.7%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
TSM generated $4.94T in trailing revenue (50.9% year over year), with a 51.1% net margin, and $1.20T of free cash flow, supported by $3.20T of net cash.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $3.81T | $2.28T | $1.94T | $1.70T | $331.30 | $992.38B |
| 2024 | $2.89T | $1.62T | $1.32T | $1.16T | $226.25 | $861.20B |
| 2023 | $2.16T | $1.18T | $921.43B | $851.74B | $161.70 | $286.57B |
| 2022 | $2.26T | $1.35T | $1.12T | $992.92B | $196.00 | $520.97B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
TSM is in 4 of the 54 ETFs we track. It weighs most in SMH: 9.42% of the fund, holding #2 of 25.
Famous investors who hold it
TSM is in the latest 13F of 7 of the 15 famous investors we follow. David Tepper (Appaloosa) holds the most of it: 10.2% of the portfolio, position #3 of 27, as of Q2 2026. It is also the largest position of Chase Coleman.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
TSM beside the technology names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 5.1% below its 50-day average and 3.8% above its 200-day.
- RSI at 38 is neither stretched nor washed out.
- The nearest ceiling is $420.58 (+2.0%), the nearest floor $408.78 (-0.9%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is TSM a good investment in 2026?
Taiwan Semiconductor trades at a P/E ratio of 26.7, with high volatility (30.9% annualized). Recent trend shows weakness.
What is the risk level of TSM?
Based on 30-day volatility of 30.9%, TSM has HIGH risk. Beta of 1.24 indicates higher sensitivity to market movements than average.
Does TSM pay dividends?
Yes, Taiwan Semiconductor has a dividend yield of 0.87%.
How far is TSM from its all-time high?
Taiwan Semiconductor is 15.4% below its all-time high of $487.47, reached in October 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +1780.8%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold TSM?
4 of the 54 popular ETFs we track hold Taiwan Semiconductor. The largest weights: SMH (9.42%), SOXX (3.13%), ARKK (0.98%) and VWO (<0.01%). Measured on each issuer's full holdings file, dated September 25 to October 16, 2026.
Which famous investors own TSM?
David Tepper (10.2% of Appaloosa's 13F), Chase Coleman (9.72% of Tiger Global Management's 13F), Stanley Druckenmiller (5.40% of Duquesne Family Office's 13F), Dan Loeb (4.69% of Third Point's 13F) and Terry Smith (4.02% of Fundsmith's 13F), and 2 more of the investors we follow, according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for TSM?
The average analyst price target for Taiwan Semiconductor (TSM) is $584.39 based on 20 analyst estimates, about 41.7% above the current price of $412.35. The published range runs from $440.00 to $1000.00.
How much revenue does TSM generate?
Taiwan Semiconductor reported $4.94T in trailing twelve-month revenue. Revenue growth is running at 50.9% year over year. Net margin sits at 51.1%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare TSM with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.