Summary
Taiwan Semiconductor Company (TSM) stock fell nearly 6% out of the gate Thursday despite the company beating analysts' top- and bottom-line estimates for its first quarter. TSM also reported a gross margin of 53.1% and an operating profit margin of 42%. Taiwan Semiconductor stock is trading notably lower today. The company made a slight change to its 2024 semiconductor outlook. The consensus analyst target price for TSM stock is $155.17.
