Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) is expected to report strong earnings for the fourth quarter, with analysts projecting earnings of $2.71 per share and revenue of $32.62 billion, indicating a positive outlook for the company [1]. Group 1: Earnings Expectations - TSMC will release its fourth-quarter earnings results on January 15, before the market opens [1]. - Analysts anticipate quarterly earnings of $2.71 per share and revenue of $32.62 billion, reflecting a robust performance [1]. Group 2: Recent Performance - TSMC reported stronger-than-expected results for December, with revenue exceeding market forecasts on both a monthly and quarterly basis [1]. Group 3: Stock Performance - TSMC shares experienced a slight decline of 0.1%, trading at $331.65 [2]. Group 4: Analyst Ratings - Bernstein analyst Mark Li maintained an Outperform rating and raised the price target from $290 to $330 [3]. - Needham analyst Charles Shi maintained a Buy rating with a price target of $360 [3]. - Barclays analyst Simon Coles maintained an Overweight rating and increased the price target from $330 to $355 [3]. - Susquehanna analyst Mehdi Hosseini maintained a Positive rating and raised the price target from $300 to $400 [3].
Top Wall Street Forecasters Revamp Taiwan Semiconductor Manufacturing Price Expectations Ahead Of Q4 Earnings