Taiwan Semiconductor's sell-off appears overdone after solid Q1, says Needham [Seeking Alpha]
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm
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US:NYSE Investor Relations:
tsmc.com/english/investorrelations/index.htm
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Source: Seeking Alpha
The analysts said they were maintaining their 2024 revenue estimates for TSM despite some shifts between quarters, and lowering their gross margin assumptions to reflect the company's cautious guidance on profitability. On Thursday, TSM's CEO C. C. Wei warned about the overall semiconductor market growth in 2024 during the company's first quarter earnings call. The investor sentiment seemed to be dampened, and the stock fell about 5%. TSM lowered its forecast for the 2024 overall semiconductor market, excluding memory, to increase by about 10% year-over-year, while foundry industry growth is now forecast to be mid- to high-teens percent, noting that both are coming off the steep inventory correction and/or base of 2023. Wei, however, noted that the company expects 2024 to be a healthy growth year for TSM. For the second quarter, TSM expects revenue to be between $19.6B and $20.4B (consensus is $19.08B), while gross profit margin is expected to be between 51% and 53%. The an
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TSM
Earnings
- 4/19/24 - Beat
TSM
Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- TSM's page on the SEC website