Though commonly overlooked by companies like Nvidia (NASDAQ: NVDA ) and Advanced Micro Devices (NASDAQ: AMD), the Taiwan Semicondustor Manufacturing Company (NYSE: TSM) is arguably the most important semiconductor company in the world. ® Specifically, Taiwanese foundries manufacture nearly 70% of the world's chips, and TSMC alone holds more than half of the global market. Additionally, Nvidia and AMD use the company as their supplier. As a result, TSM stock has been one of the major winners of the 2024 stoc ...

This AI stock has delivered impressive gains in 2024, and it could pop higher following its upcoming quarterly report.Artificial intelligence (AI) has played a central role in lifting semiconductor stocks over the past couple of years, which is evident from the tremendous 131% spike in the PHLX Semiconductor Sector index during this period. The good part is that the proliferation of this technology is set to drive stronger growth in this market, as AI adoption moves from data centers to edge devices such as ...

Earnings and Revenue Estimates - The Zacks Consensus Estimate for Q3 2024 earnings is $1.74 per share on revenues of $22.72 billion [1] - September sales were NT$251.87 billion ($7.82 billion), up nearly 40% YoY, contributing to Q3 2024 revenue of NT$759.69 billion ($23.58 billion), exceeding both analyst expectations and the company's own outlook [2] - Sales estimates for Q3 2024, Q4 2024, FY 2024, and FY 2025 are $22.72B, $24.21B, $85.62B, and $105.73B respectively, with YoY growth estimates of 31.48%, 23.36%, 23.55%, and 23.49% [5] - Earnings estimates for Q3 2024, Q4 2024, FY 2024, and FY 2025 are $1.74, $1.87, $6.45, and $8.28 respectively, with YoY growth estimates of 34.88%, 29.86%, 24.52%, and 28.40% [6] Stock Performance and Valuation - TSMC stock has gained roughly 75% this year, trading near record levels [1] - The stock has a trailing P/E ratio of 33.28X, Price/Book ratio of 8.17X, and Price/Cash Flow ratio of 21.80X, slightly higher than industry averages [7][8] - The average price target from analysts is $204.71, representing a 10.2% increase from the last closing price of $185.78 [9] Growth Drivers and Industry Position - AI-related chip demand is a major growth driver, with AI-related chips expected to grow at a 50% CAGR through 2028, potentially making up the low teens of overall revenue [4] - TSMC's aggressive R&D investments, including its 2nm chip design, support its dominant position in the semiconductor industry [4] - The company operates in a top-ranked Zacks industry (top 1%) and sector (top 13%) [3] ETFs and Investment Options - TSMC-heavy ETFs include SP Funds S&P World (ex-US) ETF (15.75% weight), SP Funds S&P Global Technology ETF (15.50% weight), Matthews Emerging Markets ex China Active ETF (14.41% weight), and VanEck Semiconductor ETF (12.65% weight) [10]

Group 1 - The Cash Flow Kingdom Income Portfolio aims to achieve an overall yield in the range of 7% to 10% by combining various income streams for a steady payout [1] - Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) has reported excellent sales results and will announce its earnings results next week, indicating strong performance [1] - The Cash Flow Club focuses on company cash flows and access to capital, providing features such as a personal income portfolio targeting over 6% yield and coverage of various sectors [1] Group 2 - Jonathan Weber, an analyst with an engineering background, has been active in the stock market and focuses primarily on value and income stocks, occasionally covering growth stocks [2] - The article expresses the author's personal opinions and indicates a beneficial long position in TSM shares, highlighting the author's engagement in the stock [2]

Group 1 - Taiwan Semiconductor Manufacturing (TSM) recently announced its monthly revenue numbers, which are seen as bullish for the semiconductor market [1] - The announcement is expected to have a positive impact on the overall semiconductor industry [1] - The stock prices referenced were from October 9, 2024, indicating a specific market context for the announcement [1]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about TSMC (TSM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.TSMC currently has an average brokerag ...

The supplier to the semiconductor industry is expecting sales growth to continue.Taiwan Semiconductor Manufacturing (TSM -1.13%) is getting increasing attention because of its role as one of Nvidia's (NVDA -0.31%) primary suppliers.*Stock prices used were the afternoon prices of Oct. 5, 2024. The video was published on Oct. 7, 2024. ...

Group 1 - The article discusses Taiwan Semiconductor Manufacturing Company's (TSMC) stock performance, specifically its recent breakthrough of major resistance levels at $148.43 [1] - The previous coverage of TSMC highlighted its potential for significant upside, indicating a positive outlook for the company's stock [1]

Although technology juggernaut Nvidia Corp NVDA invariably commands the spotlight for all things AI-related, traders may first look to chip foundry Taiwan Semiconductor Manufacturing Company Ltd. TSM for clues regarding sentiment for the broader innovation ecosystem. That's mainly because the contract manufacturing specialist is scheduled to disclose its third-quarter earnings report next week.Wall Street anticipates Taiwan Semiconductor — which is commonly abbreviated as TSMC — to post earnings per share o ...

According to a report by Morgan Stanley analysts, TSMC (TSM, Financial) is expected to sustain a compound annual growth rate (CAGR) of 15%-20% over the next five years. This growth is propelled by increasing demand for AI chips and outsourced business from integrated device manufacturers.In the fourth quarter, TSMC's gross margin is projected to slightly increase to 55.5% from the previous quarter's 55%, driven by robust demand for AI chips and an increase in the production of Apple's 3nm chips. Following a ...