TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia
Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract chipmaker, posted its first-quarter report on April 18. Its revenue rose 13% year over year to $18.9 billion and its earnings grew 5% to $1.38 per American depositary receipt (ADR). Both figures exceeded analysts' expectations.
However, TSMC followed up its earnings beat with a cautious outlook for the industry. It reduced its full-year revenue forecast for the broader semiconductor market (excluding memory chips) from "more than 10%" growth to "approximately 10%" and cut its outlook for the foundry market from "approximately 20%" to "mid-to-high teens" growth.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€139.60
-0.430%
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
As a result the target price of 150 € shows a slightly positive potential of 7.45% compared to the current price of 139.6 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
