Barclays Lifts Price Target for TSMC, Keeps Overweight Rating

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. On July 17, Barclays increased its price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $249 to $275 while keeping an “Overweight” rating.

This change came after Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported Q2 2205 results that beat expectations.

The financial firm highlighted strength across all divisions of the company and noted some pull-in from consumer-exposed segments.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) increased its full-year guidance, which Barclays took as a sign that AI demand is strong. The company’s management also indicated that they are working to increase supply to meet the stronger AI demand.

Gross margins were within the company’s guidance range. However, according to Barclays, margins would have beaten guidance if adjusted for foreign exchange effects.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It manufactures, packages, and tests integrated circuits for a range of industries.

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Disclosure: None. This article is originally published at Insider Monkey.