Taiwan Semiconductor Earnings: What to Know

Core Insights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a first-quarter earnings beat and maintained its revenue forecast for 2025, indicating stable customer behavior despite potential tariff risks [1] - TSMC's stock is currently trading at $152.23, down 32% year-to-date from a record high of $226.40 on January 24 [1] - Analysts remain optimistic, with 10 out of 11 brokerages maintaining a "buy" or better rating and a consensus 12-month price target of $220.66, representing a 44.5% upside from current levels [2] Stock Performance - TSMC's stock opened at $157.50 but faced broader tech sector pressures, leading to a decline [1] - The stock has breached its 320-day moving average, with a year-over-year breakeven level holding firm at +10% [1] Analyst Sentiment - The majority of analysts covering TSMC are bullish, with no "sell" ratings reported [2] - The consensus price target suggests significant upside potential for investors [2] Options Market Activity - Options traders are showing bearish sentiment, with a 10-day put/call volume ratio of 0.83, ranking in the 90th percentile of its annual range [3] - Despite the bearish sentiment, calls are currently more active, with 81,000 calls traded, double the average intraday volume [4] - The April 160 call is particularly popular, with new positions being opened [4]