TLDR
- TSM hit a new 52-week intraday high of $384.47 on February 24, 2026, closing the previous day at $370.04
- Management is targeting Q1 gross margin of 63%–65%, despite a 2%–4% drag from overseas fab ramp-up
- Point72/Steven Cohen disclosed a ~$870M stake, adding to broad institutional buying across the stock
- Analysts hold an average “Buy” rating with a consensus price target of $391.43
- The stock has rallied roughly 95% over the past year, raising valuation concerns alongside tariff and trade risks
TSM hit a fresh 52-week high of $384.47 on Tuesday, February 24, 2026, trading up 4.5% on the day. The previous close was $370.04, and volume came in at over 3 million.
Taiwan Semiconductor Manufacturing Company Limited, TSM
The stock has now climbed roughly 95% over the past year, pushing its market cap to around $2.0 trillion.
The move puts TSM above both its 50-day moving average of $329.67 and its 200-day moving average of $294.52.
A big part of the story is demand. AI-driven orders for advanced-node chips have kept pricing strong and margins healthy.
Management guided Q1 gross margin of 63%–65%, even while absorbing a 2%–4% hit from ramping up overseas fabrication facilities, including its Arizona site.
That kind of margin guidance in an expansion phase is hard to ignore.
Institutional Money Is Piling In
Point72, the hedge fund run by Steven Cohen, disclosed a new stake worth approximately $870 million. That’s the kind of commitment that turns heads on Wall Street.
Other major institutions have been adding too. Fisher Asset Management holds over 18 million ADRs worth roughly $5.5 billion. Van Eck Associates and Bank of America also increased their positions in Q4. In total, institutional investors own about 16.51% of the stock.
In its most recent earnings report, TSM posted EPS of $14.32 for the quarter, with revenue of $32.50 billion. Net margin came in at 45.13%, and return on equity was 36.18%.
Analysts expect full-year EPS of $9.20 for the current fiscal year.
What the Analysts Say
The analyst picture is largely positive. Four firms have it at Strong Buy, ten at Buy, and one at Hold. The consensus price target sits at $391.43.
Freedom Capital upgraded TSM to Strong Buy in January. Citigroup and Sanford C. Bernstein both maintained positive ratings early in the year. TD Cowen raised its target from $325 to $370, though it kept a Hold rating.
UBS holds a more cautious $330 price target, set back in December.
The stock trades at a P/E of 36.28 and a P/E/G of 1.03. That’s not cheap, and some analysts have flagged that a 95% one-year run leaves less room for error.
Macro risks are also in the picture. Reports of a potential global tariff increase to 15% could add cost pressure and supply chain friction for a company with an export-heavy business model.
TSM also declared a quarterly dividend of $0.9503 per share, payable July 9, with a record date of June 11. The annualized dividend is $3.80, representing a yield of about 1.0% at recent prices.
The 52-week range now sits at $134.25 to $388.40, with Tuesday’s intraday high marking the top of that range.
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