{
  "id": 14978061,
  "title": "D.A. Davidson reiterates Taiwan Semi stock rating on strong earnings",
  "url": "https://urgent.news/2026/10/16/d-a-davidson-reiterates-taiwan-semi-stock-rating-on-strong-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T15:10:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/da-davidson-reiterates-taiwan-semi-stock-rating-on-strong-earnings-93CH-4954537"
  },
  "original_language": "en",
  "account": "D.A. Davidson reaffirmed their Buy rating and maintained a $500 price target for Taiwan Semiconductor Manufacturing (TSM) stock following the company's strong third-quarter 2026 earnings. TSM's revenue surged 36% year-over-year to $155 billion in the last twelve months, with 2-nanometer wafer revenue comprising 8% of total wafer revenue, up from 3% in the previous quarter. The company's gross profit margin reached 66%, showcasing impressive margins. TSM's 2-nanometer wafer production continued to expand during this period. Management kept its capital expenditure guidance for the year. Analyst Gil Luria highlighted the earnings beat and raises, and the $500 price target remains unchanged. InvestPro analysis suggests the stock is undervalued at current levels. TSM reported impressive Q3 results, with revenue increasing 16.2% sequentially to $46.7 billion, driven by demand for AI and high-performance computing chips. However, gross margins fell to 66.4%, facing pressure from ramping 2-nanometer production. Needham raised their price target to $560, while Lynx Equity maintained a NT$3,000 target, emphasizing strong AI demand. The company's CEO noted the AI segment's \"extremely robust\" growth. Analysts are closely monitoring TSM's performance as it navigates production and capital expenditure challenges.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "DA Davidson maintains First Horizon stock rating on loan sale strategy",
        "url": "https://urgent.news/2026/10/16/da-davidson-maintains-first-horizon-stock-rating-on-loan-sale-strategy",
        "published": "2026-10-16T15:10:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}