Taiwan Semiconductor (TSM) Stake Cut by Druckenmiller; Analysts See 50% Upside

Stanley Druckenmiller reduced his stake in Taiwan Semiconductor Manufacturing (TSM) by 8.8% last quarter, following a larger cut the previous quarter. Since the start of 2023, Taiwan Semiconductor shares have risen by over 25%. Currently, six out of seven analysts rate TSM a 'buy', with an average 12-month price target of $516.67, indicating a potential gain of about 28%. Notably, one firm predicts a possible 50% upside, highlighting divided opinions among analysts regarding the stock's future. This situation is important for investors considering potential growth opportunities in semiconductor stocks.