TSM - Taiwan Semiconductor Manufacturing Company Limited

NYSE - NYSE Delayed Price. Currency in USD
49.28
-0.47 (-0.94%)
At close: 4:03PM EDT
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Previous Close49.75
Open49.65
Bid0.00 x 3100
Ask0.00 x 2900
Day's Range49.13 - 50.09
52 Week Range34.21 - 51.21
Volume9,169,558
Avg. Volume6,988,156
Market Cap246.8B
Beta (3Y Monthly)1.02
PE Ratio (TTM)22.10
EPS (TTM)2.23
Earnings DateN/A
Forward Dividend & Yield1.60 (3.18%)
Ex-Dividend Date2019-12-19
1y Target Est54.78
Trade prices are not sourced from all markets
  • Major indexes higher as UK, EU reach new Brexit deal
    Yahoo Finance Video

    Major indexes higher as UK, EU reach new Brexit deal

    Yahoo Finance’s Ines Ferre joins The First Trade to discuss what is happening in the market.

  • Semiconductor Advisors' Maire on TSMC, Samsung
    Bloomberg

    Semiconductor Advisors' Maire on TSMC, Samsung

    Oct.16 -- Robert Maire, president of consulting firm Semiconductor Advisors, talks about Taiwan Semiconductor Manufacturing Co., which is scheduled to report its results on Thursday, and Samsung Electronics Co. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia."

  • Barrons.com

    TSMC Topples Intel for the Chip Crown

    Taiwan Semiconductor now has a higher market capitalization than Intel. Unless “TSMC drops the ball,” Intel won’t close the process gap, says Bernstein’s Stacy Rasgon.

  • Dow Jones Erases Weekly Gain On Boeing, J&J; JPMorgan, UnitedHealth Rise, Netflix, ASML Fall
    Investor's Business Daily

    Dow Jones Erases Weekly Gain On Boeing, J&J; JPMorgan, UnitedHealth Rise, Netflix, ASML Fall

    The Dow Jones erased weekly gains as Boeing and J&J; dived Friday. Netflix and software stocks sold off. Dow stocks JPMorgan and UnitedHealth rallied during the week on earnings.

  • Smartphone Investors Seem Happy with TSMC’s Earnings
    Market Realist

    Smartphone Investors Seem Happy with TSMC’s Earnings

    Yesterday, TSMC reported better-than-expected Q3 earnings and guidance on the back of high-end smartphone and computing chip demand.

  • Has Intel Stock Found a Catalyst?
    InvestorPlace

    Has Intel Stock Found a Catalyst?

    About a week ago, things were looking much simpler for Intel (NASDAQ:INTC) stock bulls. On Oct. 11, the U.S. and China announced a partial deal in the ongoing trade war. This was welcome news for semiconductor stocks such as INTC that have been trading in a range.Source: dennizn / Shutterstock.com However, it quickly became apparent that the trade deal wasn't really a deal at all. It was more of a truce. Both sides made concessions. But there was no agreement on the issues that would make a difference for semiconductor stocks.This means current or prospective investors in INTC stock are back to trading on other news surrounding the stock. Fortunately for Intel, it has recently made a significant investment that may help change the current narrative.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Making a Big Bet on 5GOn Oct. 15, Intel announced an agreement to purchase a software business, Smart Edge, from Pivot Technology Solutions for $27 million. * The 7 Best Penny Stocks to Buy Smart Edge is software that focuses on "edge computing." Edge computing splits data and stores it closer to users, making computing devices respond faster. The software runs on Intel chips. This is allowing Intel to carve out a niche in the 5G space. This will be a critical opportunity to expand its revenue stream beyond its two large business segments of personal computers and data centers."We plan to take full advantage of our combined technologies and teams to accelerate the development of the edge computing market," Dan Rodriguez, a general manager of the network computer division in Intel's data center group, said in a statement. Why Did Intel Stock Drop?Intel stock was trading around $60 per share until it released first-quarter earnings. The company gave downward revenue guidance of $69 billion, which was $2 billion lower than analysts' estimates. Perhaps more concerning to investors is that if that revenue number held it would mark a decline a 2.5% decline in year-over-year revenue. In 2018, Intel posted revenue of $70.8 billion.But the stock lost nearly 25% of its value. Was this a disproportionate response? Perhaps. But what has to be concerning for investors is that INTC stock has attempted and failed to breach a crucial level of resistance at around $53 two separate times.The general consensus is that Intel stock is paying too steep of a price. However, there's a difference between what a stock should be doing and what it actually is doing. The problem for INTC stock has been a steady stream of news that is giving investors pause. Hampered By Production DelaysUnlike most semiconductor companies, Intel manufactures its own chips. This has been a strategic advantage for the company. But at the moment, it is proving to be an obstacle. The company has struggled in its transition from 14-nanometer chips to 10-nanometer chips. When Advanced Micro Devices (NASDAQ:AMD) introduced 7-nanometer chips, original equipment manufacturers became frustrated with Intel's chip shortage and started giving business to AMD. This has been one of many negative drags on the stock.AMD outsources its CPU production to dedicated foundries. One of those is TSMC (NYSE:TSM), which is now ahead of Intel in the manufacturing process. While Intel says it will resolve its 14-nanometer shortage during 2019, DigiTimes recently reported that the shortage may last until next year. INTC Stock Looks Undervalued at the MomentIntel is trading at price-earnings ratio of below 12 (11.88 as of this writing). That is significantly less than rivals Microsoft (NASDAQ:MSFT), AMD and Qualcomm (NASDAQ:QCOM). Those companies have PE ratios of 29.58, 93.66 and 21.20, respectively. But it's also significantly below its historical trading level of 15-times earnings or higher.If INTC stock were valued at 15 times earnings right now, it would have a stock price of approximately $64.50 per share. But it's not trading at that multiple. And analysts predict that INTC will post a decline in non-GAAP earnings for both Q3 and Q4 earnings on a YOY basis. This makes a case that INTC stock could be going down before it goes up.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Has Intel Stock Found a Catalyst? appeared first on InvestorPlace.

  • TheStreet.com

    [video]TSMC's Outlook Once More Looks Good for Apple, Chip Equipment Firms and Others

    The chip manufacturing giant issued strong Q4 sales guidance, offered upbeat remarks about 2020 5G phone demand and hiked its capital spending budget.

  • TSMC’s $15 Billion Splurge Galvanizes Hope of 5G-Led Rebound
    Bloomberg

    TSMC’s $15 Billion Splurge Galvanizes Hope of 5G-Led Rebound

    (Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s plan to spend as much as $15 billion on technology and capacity in 2019 -- roughly 50% higher than originally envisioned -- is spurring hopes that the dawn of fifth-generation networks will rev up global chip and smartphone demand.The primary chip supplier to Apple Inc. told investors it’s sharply increasing its estimate for 2019 capital expenditure to between $14 billion to $15 billion from as much as $11 billion previously, and Chief Financial Officer Wendell Huang said 2020 spending will be similar. The Taiwanese company also projected current-quarter revenue ahead of estimates, an affirmation that the latest iPhones have proven a hit with consumers.Chief Executive Officer C. C. Wei sketched out hopes that the emergence of 5G, the foundation of future technologies from automated factories and smart homes to blazing-fast consumer electronics, will help underpin its business in coming years. TSMC, which is the world’s largest contract chipmaker, and is seen as a barometer for the tech industry thanks to its heft and place in the supply chain, said the advent of 5G-enabled smartphones will result in more chips in devices than before.“We are much more optimistic than six months ago,” Wei said, adding that the 5G momentum was larger than the company expected. TSMC has increased its forecast of the 5G smartphone penetration rate in 2020 to a percentage in the mid-teens from its previous single-digit estimate. Many countries, especially larger ones, were rapidly pushing ahead with 5G rollout plans, Wei added.TSMC Puts All Its Chips on Capex. That’s a Smart Bet: Tim CulpanTSMC’s capital spending plan and outlook prompted price-target hikes from several analysts including at Goldman Sachs and Morgan Stanley. Its shares, which notched a lifetime high just this month, stood largely unchanged Friday in Taipei. More broadly, suppliers including ASML Holding NV, Applied Materials Inc. and Tokyo Electron Ltd. could stand to benefit from TSMC’s capex increase.In addition to 5G, TSMC’s push is driven by growing demand from tech giants such as Apple and Huawei Technologies Co., said Roger Sheng, a semiconductor analyst with Gartner. Although the outlook remains uncertain for 2020, the global semiconductor market is set to make a gradual recovery on the back of the demand related to 5G, AI and automotive applications, according to a note from TrendForce on Oct. 2.“Everyone is waiting to see a bounce back of global smartphone market next year after Apple adopts 5G. The self-designed Huawei chipsets will also push demand, as will Qualcomm’s 5nm chips for next year and AMD’s server chip demand,” Sheng said.On Thursday, TSMC also underlined expectations that Apple, its largest customer, is riding a bounce-back in demand for the iPhones after a lukewarm 2018 iteration. Lower prices and aging handsets are helping drive demand for the iPhone 11 range, and Apple is said to be asking its assemblers to target the high end of an original forecast for 70 million to 75 million unit shipments in 2019.Read more: Apple’s Lower Prices, Users’ Aging Handsets Drive IPhone DemandThe Taiwanese company foresees revenue of $10.2 billion to $10.3 billion in the pivotal December holiday quarter, surpassing an average projection for about $9.9 billion. TSMC gave that sales outlook after reporting net income of NT$101.1 billion ($3.3 billion) for the September quarter, handily beating estimates as the global chip market recovers.Still, fallout from ongoing trade conflicts could crimp an industry revival. While TSMC doesn’t factor trade conflicts into its capex plans, any international trade war will have a negative effect on the semiconductor sector, Wei said. China is an especially important market for TSMC and the semiconductor industry, he added.TSMC and its industry peers had grappled with a plateauing smartphone market, efforts by Apple to move beyond hardware, and U.S. tech-export curbs on No. 2 customer Huawei. But investors are growing more confident that the emergence of 5G will prop up chip prices and demand, while the latest iPhones are firing up consumers. TSMC is in fact straining against capacity constraints in the current quarter, Sanford C. Bernstein analyst Mark Li said.The “iPhone is driving stronger near-term demand. We believe the competitive pricing of iPhone 11 is garnering good traction and has prompted Apple to place more orders at the supply chain,” Li said in an Oct. 10 note.Read more: Taiwan’s Market Fortunes Are Tied to TSMC Like Never Before(Updates with analysts’ hikes and shares from the fifth paragraph)To contact the reporters on this story: Debby Wu in Taipei at dwu278@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TSMC Just Showed Its Chips Are Hot
    Bloomberg

    TSMC Just Showed Its Chips Are Hot

    (Bloomberg Opinion) -- Investors looking for signs that the worst is over for the chip sector would be pleased by what Taiwan Semiconductor Manufacturing Co. served up Thursday. All of its key earnings data point to a rebound in demand, and more importantly to pragmatic inventory management after a glut last year dragged down the entire industry. TSMC’s third-quarter net income beat estimates and its fourth-quarter revenue outlook came in at the top of analysts’ expectations. But the standout headline from the company’s investor conference was its decision to boost its capital expenditure this year by close to 40%. By the end of September it had already shelled out $9.4 billion of the “more than” $11 billion it had previously expected for the full year.That may seem like a brave wager, considering a deepening trade war on two fronts — between the U.S. and China, as well as Japan and South Korea — and President Donald Trump’s campaign against TSMC’s key client, Huawei Technologies Co. Just months ago, shoppers were eschewing futuristic gadgets and putting off smartphone upgrades. But TSMC has rarely made mistakes about how to spend its capex: This plan is not only bold but smart. The world’s biggest chipmaker plans to spend a record-breaking $14 billion to $15 billion this year on the leading-edge equipment it needs to manufacture chips for devices such as Apple Inc. iPhones and Huawei’s smartphones. The company turned more aggressive, CEO C.C. Wei explained, because it sees stronger-than-expected demand for next-generation manufacturing technologies. These chips will be used in smartphones, data centers, IoT devices (think Amazon Alexa) and even cars, he said. Wei said he’s confident that the higher spending will be justified by quicker revenue growth, especially with faster fifth-generation mobile networks and handsets ready to go mainstream in the coming year. Because of the technology involved, 5G networks require more base stations than an equivalent 4G rollout, which will further help semiconductor sales.What should really cheer investors, though, are the figures that often get overlooked, namely inventory. One of the biggest problems afflicting the sector a year ago was that companies — from Apple to PC-chipmaker Intel Corp. and iPhone assembler Foxconn Technology Group — all overshot the mark when it came to buying and building chips, only to be met with lackluster demand from consumers.TSMC’s inventory, measured in Taiwan dollars, fell by 8.2% in the September quarter, the biggest drop in more than two years. Days of inventory — another measure that tracks its stockpiles — dropped to 65 days, the lowest in 18 months. This shows that there’s a smaller risk that TSMC and its clients got ahead of themselves this time. Before celebrating a new dawn for the tech sector, there is a caveat. More sales for TSMC doesn’t necessarily mean more devices being sold to end consumers. That’s because smartphones are becoming even smarter, requiring more chips inside. High-end cameras, for example, require higher-resolution sensors, which in turn means more chips within a phone to manage the power, data and memory that such functionality requires. That said, investors looking for an excuse to jump back into tech shares got exactly what they needed from TSMC. If not signs of stronger demand, evidence of pragmatic inventory management makes it look like a safer sector to place a bet.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Taiwan Semiconductor Beats Forecasts, Signals Chip Industry Upswing
    Investor's Business Daily

    Taiwan Semiconductor Beats Forecasts, Signals Chip Industry Upswing

    Taiwan Semiconductor Manufacturing, known as TSMC, beat Wall Street's targets for the third quarter and guided higher for the fourth quarter. The TSMC earnings report drove its stock up.

  • TSM Stock Nudges Lower After Good Third Quarter
    Zacks

    TSM Stock Nudges Lower After Good Third Quarter

    TSM share prices were less than a percentage ppoint lower after reporting encouraging third-quarter results and fourth-quarter guidance.

  • Chip Stocks Rise on TSMC Earnings Beat for Q3
    Market Realist

    Chip Stocks Rise on TSMC Earnings Beat for Q3

    Today, the world’s largest foundry, Taiwan Manufacturing Semiconductor Company or TSMC, released its third-quarter earnings, rallying chip stocks.

  • GuruFocus.com

    Taiwan Semiconductor Outshines the Competition

    Company continues to innovate with cutting-edge new chip offerings and a commanding lead in production capacity Continue reading...

  • Barrons.com

    Taiwan Semiconductor Stock Is Down After Beating Earnings and Raising Capex Plans

    The foundry giant has consolidated its market share in recent years because its foundries were the first to offer 7-nanometer chip production at significant volume. Taiwan Semiconductor ADRs are slightly lower.

  • Chipmaker TSMC boosts capex by up to $5 billion, sees fourth quarter sales jump on smartphones
    Reuters

    Chipmaker TSMC boosts capex by up to $5 billion, sees fourth quarter sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China. "5G smartphone growth momentum is stronger than we expected... We have good reasons to increase our capex this year and next year," TSMC CEO C.C. Wei told an earnings briefing after reporting the Taiwanese company's strongest quarterly profit growth in more than two years.

  • Reuters

    UPDATE 3-Chipmaker TSMC boosts capex by up to $5 bln, sees Q4 sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China.

  • Chipmaker TSMC boosts capex by up to $5 billion, sees fourth-quarter sales jump on smartphones
    Reuters

    Chipmaker TSMC boosts capex by up to $5 billion, sees fourth-quarter sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China. "5G smartphone growth momentum is stronger than we expected... We have good reasons to increase our capex this year and next year," TSMC CEO C.C. Wei told an earnings briefing after reporting the Taiwanese company's strongest quarterly profit growth in more than two years.

  • TheStreet.com

    TSMC Boosts Q4 Revenue Forecast; Apple Supplier Sees Solid Smartphone Demand

    Apple supplier TSMC boosted its current quarter revenue forecast amid what it said was stronger-than-expected global demand for premium smartphones.

  • Barrons.com

    Taiwan Semiconductor Manufacturing Reports Earnings Tomorrow. Here’s What to Expect.

    Earlier this month, Barron’s suggested Taiwan Semi may be a good way to play innovation trends such as artificial intelligence.

  • Bloomberg

    Chip Gear-Maker ASML’s Sales Outlook Beats Analyst Estimates

    (Bloomberg) -- ASML Holding NV forecast fourth-quarter sales ahead of analysts’ expectations, as Europe’s largest semiconductor equipment maker won orders for 23 more of its newest lithography machines.The Netherlands-based company, which has a monopoly on extreme ultraviolet-lithography equipment, predicts sales of 3.9 billion euros ($4.3 billion) for the fourth quarter, compared with an average estimate of 3.87 billion euros. A year earlier, ASML reported sales of 3.14 billion euros over that quarter.Shares of ASML fell as much as 2.1%. The shares has surged 77% so far this year through Tuesday, making ASML the fourth Dutch company with a market value of more than a 100 billion euros.Key InsightsASML, an important supplier to chip makers including Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co., forecasts a gross margin of about 48% to 49% in the fourth quarter of the year, matching the average estimate for 48.8%.The 23 EUV orders in the third quarter contributed to the highest-ever value of bookings in one quarter, said Chief Executive Officer Peter Wennink. “This strong order flow confirms the adoption of EUV in high volume manufacturing for Logic and Memory.”Wennink added he expects the Logic business to continue to be strong, driven by the leading-edge nodes supporting end-market technology and applications such as 5G and artificial intelligence, while the timing of the memory industry’s recovery remains uncertain.ASML locked in bookings worth of 5.1 billion euros in the last quarter.Analyst Comment“The order value really pops out, what is impressive amid the trade war and negative impact on electronics,” InsingerGilissen Bankiers analyst Jos Versteeg said by phone, “Such a strong growth does show how confident chip manufacturers are and that they do not want to miss the boat. I think the build-up to 5G leads to a considerable demand for semiconductors.”Know MoreThird-quarter sales came in at 2.99 billion euros, slightly below the average estimate of 3.01 billion euros. In the quarter, ASML shipped seven EUV systems, three of which were NXE:3400C, the higher productivity model.ASML newest machines, called extreme ultraviolet lithography systems or EUV, etch smaller circuits while increasing capacity and speed. EUV machines, about the size of a bus, cost more than 100 million euros each. ASML earns the bulk of its revenue in Asia.ASML models an annual revenue opportunity of 13 billion euros in 2020 and an annual revenue of between 15 billion euros and 24 billion euros through 2025, based on its positive view of technology drivers such as 5G communications, automotive, artificial intelligence and data centers. CEO Wennink said in the statement he continues to see 2019 as a growth year.What Bloomberg Intelligence says:Greater exposure to chip lithography equipment could help ASML achieve strong sales growth from 2020 onward, although sales and profit may temporarily drop in 2019. ASML is well-positioned as the only maker of extreme ultraviolet lithography (EUV) machines, for the next generation of chips for AI and 5G.(Updates with shares, analyst comment.)To contact the reporter on this story: Ellen Proper in Amsterdam at eproper@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Boxinyuan International Co., Ltd. -- Moody's assigns first-time Ba2 ratings to Nanjing Pukou Economic Development; outlook stable

    Moody's Investors Service has assigned a first-time Ba2 corporate family rating (CFR) to Nanjing Pukou Economic Development Co., Ltd. (Nanjing Pukou). At the same time, Moody's has assigned a Ba2 backed senior unsecured rating to the proposed notes issued by Boxinyuan International Co., Ltd., and unconditionally and irrevocably guaranteed by Nanjing Pukou.