Tariff headwinds do not seem to be hurting Taiwan Semiconductor Manufacturing Company for now. The semiconductor company posted revenue of 839.25 billion New Taiwan dollars, beating the NT$835.13 billion analysts polled by LSEG had expected. The company’s net income of NT$361.56 billion also exceeded the NT$354.14 billion forecast. U.S.-listed shares of the semiconductor giant traded slightly higher after the results were posted, bucking the mostly negative trend in the broader market. The company also chose to maintain its forecast of close to mid-20% revenue growth this year amid continued artificial intelligence development. This comes despite potentially debilitating tariffs from the Trump administration that have affected peer semiconductor stocks such as Nvidia and Advanced Micro Devices . Check out what analysts covering the stock had to say after the report. Needham sticks with buy rating, $225 per share price target Analyst Charles Shi’s price forecast implies shares could rise 48% from their Wednesday close. “Overall, while management rightfully maintains strong confidence in the company’s solid fundamentals, we sense a hint of cautiousness when it comes to the demand environment and tariffs.” Susquehanna reiterates positive rating but lower price target to $250 from $265 Though reduced, analyst Mehdi Hosseini’s updated price target is still 65% above the stock’s Wednesday close. “TSM guided to a much better than expected 2Q outlook though maintaining its overall 2025 Rev growth guide of 25%. Customers’ order patterns have not changed though we view the stronger than expected 1h as a sign of pull-ins due to increased uncertainties associated with the new tariff regime. All in all, we argue for a troughing in stock in the ~4x BV range as the macro picture becomes challenging, causing EPS downside risk.” Barclays maintains overweight rating, $255 price target Analyst Simon Coles’ forecast corresponds to upside of around 68%. “TSMC guided 2Q well ahead of expectations but reiterated FY25 which we think factors in some uncertainty for 2H. Reassuringly it dismissed all M & A speculation. Semis as a whole have negative catalysts ahead around tariffs/macro but we continue to see TSMC as one of the best placed and reiterate OW.” Morgan Stanley stands by overweight rating, price target of NT$1,288 “AI demand remains healthy, while 2025 guidance is unchanged amid tariff impact,” wrote analyst Charlie Chan. JPMorgan reiterates overweight rating, NT$1300 price target “We believe the stock should trade up in the near-term as management cleared the air on any JV involvement with any company, although expectations of street EPS cuts into the downturn are likely to persist.” Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
