Why Taiwan Semiconductor Stock Popped Today
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), that powerhouse of contract semiconductor manufacturing located just off the coast of mainland China, reported powerful Q2 earnings this morning, which sent its shares up 3.3% through 11:40 a.m. ET.
Expected to be $2.28 per American depositary receipt for the quarter, TSMC reported instead $2.47 per ADR, beating the forecast soundly. Sales for the quarter were reported as NT$933.8 billion, which worked out to $30.1 billion.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€295.50
0.170%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 309 € there is a slightly positive potential of 4.57% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 295.5 €.
