Barclays Sees Opportunity in Taiwan Semi (TSM) Despite Headwinds, Cuts Target to $215

Barclays analyst Simon Coles recently lowered the price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to $215 from $255 and kept an Overweight rating on the shares. TSM makes and sells integrated circuits and semiconductors.

The advisory believes TSMC shares are already pricing in a slowdown and thus look increasingly attractive, the analyst tells investors in a research note.

The advisory says the company’s fiscal 2025 guidance was maintained which implies some slowdown in the second half of the year, which makes sense.

A close-up of a complex network of integrated circuits used in logic semiconductors.

Latest reports, per Chinese-language financial newspaper CTEE, indicate that Taiwan Semiconductor Manufacturing Company is planning to raise prices on one of its advanced manufacturing nodes soon. The global foundry is set to increase the price of its 4 nanometer manufacturing node by 10% and may increase it up to 30%, the news outlet added. Reports of TSM increasing prices have been doing the rounds since late last year.

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