TSM - Taiwan Semiconductor Manufacturing Company Limited

NYSE - NYSE Delayed Price. Currency in USD
58.25
-0.36 (-0.61%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close58.61
Open59.05
Bid58.25 x 900
Ask58.30 x 3000
Day's Range58.25 - 59.52
52 Week Range34.21 - 59.52
Volume9886939
Avg. Volume7,103,066
Market Cap281B
Beta (5Y Monthly)0.60
PE Ratio (TTM)26.12
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.42 (4.12%)
Ex-Dividend Date2019-12-19
1y Target EstN/A
  • Taiwan Semiconductor Sales Get Boost From Smartphone Chips
    Investor's Business Daily

    Taiwan Semiconductor Sales Get Boost From Smartphone Chips

    Apple iPhone chip supplier Taiwan Semiconductor Manufacturing saw healthy sales growth in November thanks to strong demand for smartphone processors. TSM stock spiked to a record high.

  • What the Tech?
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    What the Tech?

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  • Bitmain Chief Plots Crypto Comeback After Co-Founder Ouster
    Bloomberg

    Bitmain Chief Plots Crypto Comeback After Co-Founder Ouster

    (Bloomberg) -- Bitmain Technologies Ltd.’s billionaire Chief Executive Officer Wu Jihan is back in the driver’s seat following the ouster of his co-founder, touting new sales initiatives to attract clients as the company fends off rivals.Wu hosted a client meeting on Saturday, according to attendees who asked not to be identified because the event was private. It was his first public appearance since a power struggle six weeks ago when he announced as founder and chairman that his co-founder Micree Zhan Ketuan was no longer with the company. It also marked Wu’s re-emergence as the company’s CEO following his loss of control to Zhan, who had held de facto leadership from March until his resignation.Wu and other Bitmain executives announced at the event new sales initiatives to lure customers, including a promise to seek deposits as low as 20% for those who buy its Bitcoin mining rigs in large bulk, the attendees said. Usually, such deposits are 50% or full payment in advance is required. The latest models from Bitmain cost between $1,000 to $2,000. “The Bitmain you are familiar with is back,” read a presentation slide from the gathering, which took place in southwestern China’s Chengdu city, a hub for local miners. Nishant Sharma, a Bitmain spokesman, declined to comment.Bitmain revived plans for a U.S. listing earlier this year after its failed attempt in less crypto-friendly Hong Kong in 2018. The company, which was valued at about $15 billion in a private funding round last year, is grappling with intensifying competition from smaller rivals U.S.-listed Canaan Inc. and MicroBT.Canaan had a 22% market share of Bitcoin mining machines in terms of computing power sold in 2019’s first half, up from 15% for the same period last year, according Frost & Sullivan figures cited in Canaan’s IPO prospectus. While Bitmain and its major rivals produce machines with similar specs and prices, they live and die competing against each other -- and smartphone makers -- for tight chip supplies from foundries operated by Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.Bitmain’s two co-founders had long served as co-CEOs but they had been replaced this March by Zhan’s pick, Wang Haichao, as the company was grappling with lay-offs and a cash crunch triggered by Bitcoin’s price plunge. Wang is still employed by the company.In October, Wu announced Zhan’s resignation in a memo, warning employees against taking further instructions from Zhan or attending any meetings he convened. The two had started the mining gear company together six years ago.Saturday’s event reaffirms Wu’s control of the company. Fan Xiaojun, a long-time Bitmain sales chief who had been demoted by Zhan, showed up at the meeting and had regained his position, said the attendees. Bitmain also promoted Wu’s new crypto financial startup Matrixport at the event, they said. Right after Wu’s note about Zhan’s departure, Wu also announced his pick for the company’s head of human resources to replace Zhan’s appointee, according to a memo viewed by Bloomberg News.To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    [video]TSMC Keeps Pushing the Envelope -- That's Good News for Apple, AMD and Others

    If TSMC makes good on its latest promise, it could hold onto its recently-won chip manufacturing lead for some time.

  • Barrons.com

    3 Tech Stocks With Generous Yields for 2020

    Cisco Systems, Taiwan Semiconductor Manufacturing, and Texas Instruments look like good buys for income-hungry investors, says one money manager.

  • TheStreet.com

    Qualcomm's Latest Snapdragon Chip Announcements: 4 Takeaways

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  • Microchip (MCHP) Narrows Sales & Earnings Expectations for Q3
    Zacks

    Microchip (MCHP) Narrows Sales & Earnings Expectations for Q3

    Microchip (MCHP) highlights strong bookings for November 2019 in Q3 updates.

  • 5 Asian Stocks Gurus Agree On
    GuruFocus.com

    5 Asian Stocks Gurus Agree On

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  • Hedge Funds Have Never Been This Bullish On Taiwan Semiconductor Mfg. Co. Ltd. (TSM)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]

  • Time to Cash In the Chips on the Semiconductor Stocks
    InvestorPlace

    Time to Cash In the Chips on the Semiconductor Stocks

    Shares of the Van Eck Semiconductor ETF (NYSEARCA:SMH) exchange-traded fund have had a monstrous run since making lows at the $80 area last Christmas. This ETF, which is comprised of the largest computer chipmakers, is up over 50% this year. This is double the impressive 26% total return of the S&P 500.Source: Shutterstock Certainly some of the outperformance was warranted, given the previous pessimism surrounding semiconductor stocks. The red-hot rally has now come too far, too fast though. Time for SMH to underperform over the coming weeks.SMH is comprised of 25 of the top chipmaking stocks listed on the U.S. exchanges. Taiwan Semiconductor (NYSE:TSM) and Intel (NASDAQ:INTC) are the two largest holdings and account for 25% of the overall weighting. As such, these two chip making giants have the biggest impact on the SMH.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Fundamentals of Semiconductor Stocks in the SMH ETFA quick look at the current fundamentals of Taiwan Semiconductors show valuations to be at an extreme. The price-to-earnings of 24.5 is at the richest multiple in the past 10 years and at a 50% premium to its 5-year average of 16. The price-to-sales ratio is now at a rather rich 8X, also a 10-year high by a wide margin. The price-to-book ratio just passed 5 for the first time in the last decade.Intel also just reached a new 10-year high on a price-to-sales basis with a reading of 3.7X. Its price to book is also at a similar extreme at 3.4X. Certainly not cheap on either a comparative or absolute basis. * 7 Companies Using Artificial Intelligence to Outperform the Market SMH reached extremely overbought levels on a technical basis before finally pulling back. The 9-day RSI breached the 70 level before turning sharply lower. Prior instances when this occurred marked significant short term tops in semiconductor stocks. MACD just went negative and issued a sell signal. Shares traded at a big premium to the 50-day moving average before finally turning lower.More importantly, SMH had a reversal day Tuesday. The semiconductor ETF tried but failed to make a new high by a penny, then reversed to close lower on the day. This type of pattern is many times emblematic of a short term top in the underlying. The buyers have finally become exhausted and the sellers have taken control. It is an even more powerful indicator given the strength of the previous rally in SMH and that it happened at all-time highs.The chart shows that prior instances when the SMH ETF reversed from overbought conditions led to a pullback to at the least the 50-day moving average -- or a further drop to the trendline. In this case, that equates to an initial downside target of $125 with an ultimate downside target of $120.Stock traders should use any strength to short SMH. A meaningful breakout to new all-time highs would be a viable stop out area. Downside profit objectives are at the previously mentioned $125 and $120 levels.Option traders should look to take advantage of comparatively cheap implied volatility (IV) at only the 17th percentile and buy a put diagonal. The Jan $127/Dec $125 is priced around $2.50. Maximum risk on the trade is $250 per spread. Ideally SMH clsoes near $125 at December expiration. the trade structure allows for additional selling of weekly options to further reduce the initial cost.As of this writing, Tim Biggam did not hold a position in any of the aforementioned securities. Anyone interested in finding out more about option-based strategies or for a free trial of the Delta Desk Research Report can email Tim at timbiggam@gmail.com. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post Time to Cash In the Chips on the Semiconductor Stocks appeared first on InvestorPlace.

  • The Zacks Analyst Blog Highlights: Intel, Advanced Micro Devices, Alphabet, Taiwan Semiconductor and NVIDIA
    Zacks

    The Zacks Analyst Blog Highlights: Intel, Advanced Micro Devices, Alphabet, Taiwan Semiconductor and NVIDIA

    The Zacks Analyst Blog Highlights: Intel, Advanced Micro Devices, Alphabet, Taiwan Semiconductor and NVIDIA

  • The Intel-AMD Showdown
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  • Baron Funds' 3rd-Quarter Buys
    GuruFocus.com

    Baron Funds' 3rd-Quarter Buys

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  • Bloomberg

    Applied Materials Projects Strong Sales on Bounceback in Demand

    (Bloomberg) -- Applied Materials Inc. gave a sales forecast for the current quarter that topped analysts’ estimates, suggesting a slump in orders for chipmaking equipment is ending.The company is the largest maker of machinery used in the manufacture of semiconductors, which are among the most important parts of the electronics supply chain. Customers of the Santa Clara, California-based company include Samsung Electronics Co., Intel Corp. and Taiwan Semiconductor Manufacturing Co., giving it a reach that makes its results and forecasts an important early indicator of business confidence. Intel and other chipmakers order equipment months in advance of starting new factories and production lines.Key InsightsFiscal first-quarter sales will be about $4.1 billion, Applied Materials said Thursday in a statement. That compares with analysts’ average estimate of $3.71 billion, according to data compiled by Bloomberg.Adjusted earnings per share will be 87 cents to 95 cents, the company said. Analysts projected 75 cents a share.The results “reflect a healthy uptick in demand for semiconductor equipment, combined with strong execution across the company,” Chief Executive Officer Gary Dickerson said in the statement.Chip-equipment makers often experience wild earnings swings. Machines cost tens of millions of dollars each. Delaying factory build outs is one of the fastest ways a chipmaker can preserve cash when they’re unsure of future demand.Net income was $698 million, or 75 cents a share in the period ended Oct. 27, compared with $757 million, or 77 cents a share, a year earlier.Revenue was little changed at $3.75 billion. Analysts were looking for $3.68 billion.Stock ReactionShares rose about 4% in extended trading after the announcement. The stock closed at $56.96 in New York and has increased 74% this year.More InformationFor more details, click here.To see the statement, click here.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Nvidia, Intel, TSMC, Google and Microsoft
    Zacks

    The Zacks Analyst Blog Highlights: Nvidia, Intel, TSMC, Google and Microsoft

    The Zacks Analyst Blog Highlights: Nvidia, Intel, TSMC, Google and Microsoft

  • Has Taiwan Semiconductor Manufacturing Company (TSM) Outpaced Other Computer and Technology Stocks This Year?
    Zacks

    Has Taiwan Semiconductor Manufacturing Company (TSM) Outpaced Other Computer and Technology Stocks This Year?

    Is (TSM) Outperforming Other Computer and Technology Stocks This Year?

  • Nvidia Earnings On The Horizon: Can The Semi Rally Continue?
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    Nvidia Earnings On The Horizon: Can The Semi Rally Continue?

    Nvidia's diverse portfolio of GPU functionalities gives me confidence that this firm is going to continue to impress the markets in the years to come.

  • Bull Of The Day: Qualcomm (QCOM)
    Zacks

    Bull Of The Day: Qualcomm (QCOM)

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  • Apple Assembler’s Profit Beat Signals Good iPhone 11 Demand
    Bloomberg

    Apple Assembler’s Profit Beat Signals Good iPhone 11 Demand

    (Bloomberg) -- Hon Hai Precision Industry Co. reported quarterly profit above analysts’ estimates, indicating solid demand for Apple Inc.’s iPhone 11 range.The assembler of most of the world’s iPhones and iPads posted net income of NT$30.7 billion ($1 billion) for the September quarter, compared with an average estimate of NT$27.7 billion.Apple last month forecast holiday revenue that surpassed Wall Street’s projections, suggesting healthy appetite for iPhone 11 models with lower entry prices and vastly improved cameras. It’s now said to expect iPhone shipments to return to growth in 2020 when it finally introduces its own 5G devices -- a boon to hardware suppliers such as Hon Hai and chipmaker Taiwan Semiconductor Manufacturing Co. coping with a decelerating smartphone market. Assembly partners like Hon Hai and TSMC typically begin gearing up for production weeks, if not months, ahead of a device’s commercial launch.The outlook for Apple and its main suppliers remains overshadowed by an ongoing trade war. AirPods, Apple Watch, HomePod and other devices made in China have been hit with 15% tariffs, and U.S. President Donald Trump hasn’t ruled out the possibility of a levy on iPhones starting Dec. 15. Hon Hai said it’s getting into the production of wearable gear next year, potentially competing for more Apple business but also increasing its exposure to the trade war.Hon Hai, which gets half its revenue from its Cupertino, California partner, is now diversifying away from its main Chinese production base to mitigate the impact of potential punitive tariffs. It’s spending more than NT$17 billion building factories in India and Vietnam, responding to customers’ needs, Chief Financial Officer David Huang said at an earnings conference. Those two countries will become regional manufacturing hubs, he added.Read more: Apple Expects IPhone Shipments to Return to Growth in 2020Hon Hai’s investment encapsulates a fundamental trend that’s beginning to shake up production of most of the world’s electronics. Taiwanese companies like Hon Hai, which today make most of the most recognizable brands, began investing in China decades ago, kicking off a transformation that’s made China the world’s factory floor. But faced with growing trade tensions and U.S. tariffs, the leaders of those companies -- which typically operate on wafer-thin margins -- are reconsidering their commitment to China.Read more: The Tycoons Behind China’s Gadget Factories Boom Prepare to ExitAlthough any pivot away from the country is just starting, factories that leave won’t come back anytime soon. In Hon Hai’s case, billionaire founder Terry Gou has even promised to shift jobs and production into the American heartland. Gou has said he intends to press ahead with construction of a display panel factory in the state of Wisconsin, an endeavor once tagged as a $10 billion investment but that has fallen far behind schedule. Vice Chairman Jay Lee said that project was “‘on track.” Hon Hai has completed initial construction on the first, main factory and the company will also target the defense and aviation markets with its panels, he added.Hon Hai executives also forecast a rebound in consumer electronics demand in 2020, which could help prop up its top line. The company reported NT$1.39 trillion in sales for the September quarter, barely changed from a year earlier. Chairman Young Liu said the firm’s goal is to achieve 10% gross margins within three to five years. Its shares closed down 1.4% ahead of the earnings on Wednesday, after gaining 27% this year.“The lower pricing of the iPhone 11 has been effective in driving demand past the Street’s expectations,” Sean Lin, an analyst at President Capital Management Corp., said in a Nov. 4 note.(Updates with executives’ comments from the fifth paragraph)To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top Stock Picks for Week of November 11, 2019
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    Top Stock Picks for Week of November 11, 2019

    Two Strong Buys With Great Momentum Scores.

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  • Model N (MODN) Earnings and Revenues Beat Estimates in Q4
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    Match Group (MTCH) Q3 Earnings & Revenues Beat, Improve Y/Y

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