In a report released on April 17, Simon Coles from Barclays maintained a Buy rating on TSMC (TSM – Research Report), with a price target of $215.00. The company’s shares closed last Thursday at $151.74.
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Coles covers the Technology sector, focusing on stocks such as TSMC, Infineon Technologies AG, and ams-OSRAM. According to TipRanks, Coles has an average return of -1.1% and a 43.90% success rate on recommended stocks.
In addition to Barclays, TSMC also received a Buy from Argus Research’s Jim Kelleher in a report issued on April 17. However, on the same day, 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 $868.46 billion and a net profit of $374.68 billion. In comparison, last year the company earned a revenue of $625.53 billion and had a net profit of $238.71 billion
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