TSM Stock: Taiwan Semiconductor Sales Get a lift from iPhone 13 chips.
Taiwan Semiconductor Manufacturing. (TSM) reported strong sales for September on Friday, taking third-quarter earnings slightly above expectations. But TSM stocks fell on Friday.
The world’s leading semiconductor foundry flourished during this period, thanks to the production of chips. AppleIPhone 13 handsets (AAPL)
Taiwan Semi said its annual sales in September rose 19.7 percent to 152.69 billion new Taiwan dollars, or about 5. 5.51 billion. Sales in the local currency have risen 11.1 percent since August.
Third-quarter revenue totaled 14 414.67 billion, or about 14 14.89 billion. According to Wadebush Securities, analysts were forecasting Taiwan’s semi-sales to reach 13 413.5 billion. FactSet estimates that the sales target for the third quarter is .8 14.83 billion.
Next week’s earnings
Taiwan Semiconductor Manufacturing Company, called TSMC, plans to report its third quarter results next Thursday. Analysts see the chipmaker making امریکی 1.04 per share, up 13 percent year-over-year.
Wadebush analyst Matt Bryson said in a note to clients, “Our view has changed, such as: 1) the foundry’s capacity is tight, and 2) TSMC’s delivery of silicon for Apple’s next-generation iPhones. Realizing the benefits. ” That gives TSM stocks a better performance rating.
In the stock market today, TSM stock fell 0.7% to close at 110.04.
“Looking forward to December, we’re comfortable with our perspective on a persistent semi-shortage (especially for adult nodes) as well as another modest tick-up for sales (quarter to quarter). The iPhone, “said Bryson.
TSM stock is moving forward.
On February 16, TSM stock reached a record high of 142.20. After reaching its 2021 low of around 107.90, it has largely moved around as semiconductor manufacturing stocks have fallen out of favor with investors.
According to the IBD stock check-up, TSM stock ranks 18th out of 39 stocks in IBD’s semiconductor manufacturing industry group. It has an IBD composite rating of 65 out of 99. IBD’s composite rating combines five distinct proprietary ratings into easy-to-use ratings. The composite rating of the best growing stock is 90 or better.
Semiconductor Manufacturing Group is ranked 112 out of 197 industry groups tracked by IBD. Six months ago, it was number 79.
TSM stocks currently trade below the 50-day and 200-day moving averages, according to IBD MarketSmith charts.
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