Needham Raises TSM Price Target to $560

Needham reaffirms its Buy rating on Taiwan Semiconductor with a new price target of $560, a 35.75% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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Needham raised its price target on Taiwan Semiconductor Manufacturing Company Limited ($TSM) to $560 from $530 on October 15, 2026, and rates the stock "Buy".

Since the rating, $TSM is down 2.3% to date (from the $422.25 close on Oct 15, 2026).

TSM Taiwan Semiconductor Manufacturing Company Limited

$412.61 +30.11% year to date

Daily close · Oct 16, 2026

Key Points

On October 15, 2026, Needham reiterated its Buy rating on Taiwan Semiconductor Manufacturing Company, setting a new price target of $560.
Needham's $560 price target implies 35.75% upside from Taiwan Semiconductor Manufacturing Company Limited's ($TSM) current $412.51 share price.
As of October 16, 2026, TSM shares traded at $412.50, which is 29.4% below the mean analyst target of $584.39.
The company has a strong market presence in the semiconductor industry, with a market cap of about $2.19 trillion.

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Needham reiterated its Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) on October 15, 2026, raising its price target from $530 to $560. This adjustment reflects the firm's optimistic outlook for the company amidst its ongoing growth in the semiconductor sector.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company

FMR, LLC reduced its stake by 1,455,472 shares, bringing its total to 58,937,551 shares valued at about $24.3 billion. Capital World Investors increased its holdings by 1,486,440 shares, ending with 34,372,274 shares worth approximately $14.2 billion. Sanders Capital, LLC cut its position by 1,910,882 shares, now holding 26,149,064 shares valued at about $10.8 billion. JPMorgan Chase & Co trimmed its stake slightly, reducing its holdings by 155,904 shares to 23,829,286 shares valued at $9.8 billion, while BlackRock Inc. grew its position by 1,888,086 shares, totaling 20,112,852 shares worth about $8.3 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 4.1%

As of October 16, 2026, TSM shares were trading at $412.50, which is 5.1% below the 50-day moving average of $434.48 and 15.4% below the 52-week high of $487.47. However, the stock remains 54.6% above its 52-week low of $266.82. This positioning suggests that the stock has room for growth, especially considering the new target price.

12-month forecast

$TSM price target

Taiwan Semiconductor Manufacturing Company Limited daily closes and this analyst's $560 target. Not advice.

Recent Earnings

Taiwan Semiconductor reported trailing twelve-month revenue of $4.44 trillion and an EPS of $15.43, indicating strong financial health. The next earnings report is expected on October 30, 2026.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Bor-Zen Tien, an officer at the company, made several purchases of shares throughout 2026. On April 28, he bought 20 shares valued at $7,760, followed by a purchase of 17 shares on May 20 for $6,718. He also bought 10 shares at $405 on July 20, totaling $4,050, and 15 shares at $390 on July 28, valued at $5,850.

Analysts Set New Price Targets

On October 15, 2026, Needham maintained its Buy rating on TSM with a new price target of $560. Earlier, Bernstein kept its Outperform rating with a price target of $554, and Stifel initiated coverage with a Buy rating and a target of $515. The consensus among analysts is a strong Buy with a mean target price of $584.39 based on 20 opinions.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited is a leading semiconductor manufacturer, providing a range of fabrication processes for integrated circuits globally. Its significant presence in the technology sector makes it a key player in meeting the demand for advanced semiconductor solutions.

Bottom Line

Investors should keep an eye on TSM's upcoming earnings report on October 30, 2026, along with any further analyst updates that may affect its stock performance.