TSMC Stock Hits Historic High of NT$2,330, Matching Its Stock Code

(Central News Agency reporter Wu Jia-hao, Taipei, 27th) TSMC's stock price hit a historical high of NT$2,330 today, catching up with its stock code and sparking intense market discussion. Analysts noted that the late-session sell-off was a normal reaction of profit-taking and foreign hedging, and the current P/E ratio of 25x remains within a reasonable range. Goldman Sachs was among the first to raise its target to NT$2,330 in January, citing expectations for 2nm and CoWoS capacity to drive record profits in 2026. Following an optimistic Q1 briefing on April 16, more than 10 foreign brokers raised their targets, with CLSA setting the highest at NT$3,030. Domestically, Yuanta and KGI set targets at NT$2,600. TSMC recently unveiled its roadmap at the North America Technology Symposium, planning enhanced CoWoS solutions for 2028 and A13/A12 production in 2029. Policy-wise, the relaxation of holding limits for funds and active ETFs has also supported the stock. Experts warn that while the current valuation is reasonable, a P/E above 29x or a price near NT$3,000 could signal overheating. Additionally, the 'capital magnet effect' of TSMC has put pressure on mid-cap stocks recently.