TSMC: I Should Have Sticked To My Model (Rating Upgrade)

JHVEPhoto Thesis In my earlier article on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), I recommended a hold position, anticipating a potential downturn due to the less-than-ideal state of consumer confidence amidst the economic cycle. Because of that I rated the stock as a hold despite my DCF model projecting a robust 43.8% upside. In this follow-up article, I will reassess TSMC in light of the recent Q3 earnings release, employing two DCF models which propose fair values of $220.1 and $14 ...