- Taiwan Semiconductor Manufacturing Company (TSMC) reported sales of NT$256.95 billion in July 2024.
- This represents a 45% increase compared to July of the previous year.
- On a month-to-month basis, July sales increased by 23.6% from June 2024.
- Year-to-date (YTD) sales totaled NT$1523.11 billion, which is a 30.5% increase year-over-year.
- Analyst recommendations include 37 buys, 1 hold, and no sells.
Taiwan Semiconductor (TSMC) on Smartkarma
Analysts on Smartkarma have provided positive coverage of Taiwan Semiconductor (TSMC) recently. Uttkarsh Kohli‘s report titled “TSMC’s Expansion Strategy: New Plants and Rising AI Demand Shape Future Growth” highlights TSMC’s plans to build seven new plants globally and increase production of advanced chips. This growth is supported by a 62% market share in the Chips Foundry Market and rising demand from the AI sector, driving TSMC’s revenue. Additionally, William Keating‘s analysis, “TSMC. Take The Pullback Gift,” discusses TSMC’s strong Q324 revenues and raised FY24 guidance, despite a recent pullback in the share price, painting it as a potential buying opportunity.
Another report from Baptista Research focuses on TSMC’s second quarter results, emphasizing strong revenue growth driven by demand for cutting-edge technologies, tempered by seasonal factors. Vincent Fernando, CFA also contributes with insights on the Taiwan tech industry, highlighting developments such as new investments in Vietnam and optimistic outlooks for companies like UMC. With these analysts’ perspectives, investors can gain valuable insights into TSMC’s performance and future growth prospects within the semiconductor market.
A look at Taiwan Semiconductor (TSMC) Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 4 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, Taiwan Semiconductor (TSMC) shows a promising long-term outlook. With a Growth score of 4, the company is expected to experience strong growth potential in the future. Additionally, TSMC scores high in Resilience and Momentum, with scores of 4 and 5 respectively, indicating a solid ability to weather market fluctuations and maintain positive momentum.
Although TSMC’s Value and Dividend scores are 2, suggesting average performance in these areas, the company’s strong scores in Growth, Resilience, and Momentum point towards a positive outlook for investors looking at the long term. As a leader in manufacturing integrated circuits for various industries, including technology and automotive, Taiwan Semiconductor is positioned well for continued success in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars