TAIPEI (TVBS News) — Taiwan's semiconductor giant TSMC (台積電) saw its stock retreat on Monday (April 14) despite a strong opening, eventually closing down NT$865 (about US$26.63), shedding NT$24 points in volatile trading. Investors are closely watching the chipmaker's critical earnings call scheduled for Thursday, when executives will discuss future projections, tariff challenges, and rumors of collaboration with Intel. The company recently posted March revenue of NT$285.957 billion (US$8.8 billion), marking a robust 10% month-over-month growth and 46.5% year-over-year surge that exceeded analyst expectations of NT$266.7 billion.
Foreign investment firms have tempered their outlook on TSMC despite its strong operational results, trimming price targets ahead of Thursday's announcement. One analyst reduced its target from NT$1,500 (US$46.18) to NT$1,400 (US$43.10) while still recommending purchase. Another U.S. firm cited mounting tariff concerns as it adjusted its target downward from NT$1,388 (US$42.73) to NT$1,288 (US$39.65), maintaining an "outperform" rating. Two additional American investors recalibrated their forecasts more dramatically, slashing targets from NT$1,400 to NT$1,050 (US$32.33) and NT$1,200 (US$36.95) respectively, yet preserved buy recommendations with targets still exceeding the NT$1,000 psychological threshold.
Yang Hui-shan (楊惠珊), an analyst at Moore Securities Investment Consulting Co. (摩爾證券投資顧問), characterized the market dynamics as still evolving. She observed that rebounding individual stocks typically attract profit-taking, creating selling pressure that ultimately strengthens the company's shareholder composition by eliminating speculative positions and rewarding committed long-term investors.