Taiwan Semiconductor Manufacturing Stock Has 21% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
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: Yahoo! Finance
The stock is up 58% over the past 12 months, which has some investors wondering if it's run too far, too fast, with limited upside ahead. One Wall Street analyst believes the stock has further to run. Riding the AI wave Needham analyst Charles Shi increased his price target on TSMC to $168 while maintaining a buy rating on the stock. This represents a potential upside of 21%, compared to the stock's closing price on Wednesday. The analyst acknowledges the potential for short-term production delays and inventory losses due to the recent earthquake in Taiwan, suggesting these factors may negatively impact the coming quarter. Shi lowered his earnings per share (EPS) estimates by about 3% for fiscal 2024. However, the analyst emphasized the company will likely make up any lost sales in the third quarter and meet its full-year forecast. He called the company "one of the best AI pick-and-shovel stories." I think the analyst has a point. When TSMC reported its Q1 results on Thurs
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News
- Third Point's AI Focus Pays Off As Investments in Alphabet and TSMC Propel Q1 Growth [Yahoo! Finance]Yahoo! Finance
- Morse Micro Expands Presence in Taiwan with New Office [Yahoo! Finance]Yahoo! Finance
- How Consumer Demand Is Impacting Taiwan Semiconductor Manufacturing Co. [Yahoo! Finance]Yahoo! Finance
- 1 Magnificent Artificial Intelligence (AI) Semiconductor Stock to Buy Before It Soars Higher [Yahoo! Finance]Yahoo! Finance
- Loeb's Third Point Says AI Makes Up Almost 50% of Stock Exposure [BNN Bloomberg (Canada)]BNN Bloomberg
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