Where Will TSMC Stock Be in 1 Year?
's (NYSE: TSM) stock popped 4% on Oct. 19 after the chipmaking giant posted its third-quarter earnings report. Its revenue declined 15% year over year to $17.28 billion but exceeded analysts' expectations by $580 million. Its earnings per ADS slipped 28% in U.S. dollar terms to $1.29, but also cleared the consensus forecast by $0.13.
TSMC's slowdown wasn't surprising, since the semiconductor market has been stuck in the mud over the past year. But over the past 12 months TSMC's stock has rallied nearly 50% in anticipation of its eventual recovery. Will those tailwinds kick in over the next 12 months and drive TSMC's stock back toward its all-time highs?
Image source: TSMC.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€138.60
4.680%
Taiwan Semiconductor Manufacturing Co. Ltd. ADR is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 150 € there is a slightly positive potential of 8.23% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 138.6 €.
