#1 - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) - Back in May, Taiwan Semiconductor started mass producing next-generation processor chips for iPhones. The new 7-nanometer chips will be smaller, faster and more efficient than its 10-nanometer predecessor. This means users will experience apps that run faster and phones that will run longer between charges. In an industry where innovation is short-lived, the promise of a phone that runs faster and requires fewer charges will help the iPhone have a, perhaps brief, competitive advantage. This will benefit TSM, which has faced some pressure from a computer virus that delayed earlier shipments. The delay has led to the company projecting a decline in anticipated third-quarter revenue of about 3 percent ($8.45 billion vs. $8.55 billion) and gross margin slipping by a percentage point. However, the company still anticipates an increase in revenue for the year. Apple accounts for approximately 21 percent of TSM's revenue. TSMC’s stock has risen to over $43 a share, well off its 12-month low of $35.51 and is now approaching its 52-week high of $46.28 reached in January 2018.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
Read More - Current Price
- $197.21
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $214.00 (8.5% Upside)
