Is the recent sell-off in the stock overdone?Shares of Taiwan Semiconductor Manufacturing (TSM 0.39%), or TSMC for short, didn't accelerate higher Thursday despite the semiconductor contract manufacturer reporting strong second-quarter results and lifting its guidance. Reports of tougher export restrictions on semiconductors coming from the U.S. government and comments from presidential candidate Donald Trump weighed on the stock.Let's take a closer look at TSMC's most recent results and whether now is a go ...

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) surpassed revenue and profit expectations in the second quarter due to demand for advanced chips in artificial intelligence (AI) applications. TSMC reported revenue of NT$673.51 billion ($20.82 billion), exceeding the expected NT$657.58 billion, and net income of NT$247.85 billion, higher than the anticipated NT$238.8 billion. Compared to a year ago, net revenue rose by 40.1%, and net income increased by 36.3%. The firm had projected second-quarter reve ...

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 股 票 研 究 [Table_Market] 证 券 研 究 报 告 [Table_Industry] 海外信息科技 台积电(TSM.US)[Table_Invest] 评级: 增持 [当前价格 Table_CurPrice] :(美元) 171.20 [Table_Date] 2024.07.19 需求强劲、指引积极,继续保持乐观 ——台积电 FY24Q2 业绩点评 | --- | --- | --- | |-----------------|---------------------------|----------------------| | [table_Authors] | 秦和平(分析师) | 李奇(分析师) | | | 0755-23976666 | 0755-23976888 | | | qinheping027734@gtjas.com | liqi028295@gtjas.com | | 登记编号 | S0880523110003 | S088052306000 ...

证券研究报告 台积电 (TSM US) 3/5nm 需求旺盛推动全年营收上调 投资评级(维持): 买入 目标价(美元): 198.84 华泰研究 中报点评 2024 年 7 月 19 日│美国 半导体 风险提示:半导体周期下行,AI 需求不及预期,技术研发不达预期的风险。 研究员 黄乐平,PhD SAC No. S0570521050001 SFC No. AUZ066 leping.huang@htsc.com +(852) 3658 6000 研究员 丁宁 SAC No. S0570522120003 dingning021681@htsc.com +(86) 21 2897 2228 研究员 廖健雄 SAC No. S0570524030001 liaojianxiong@htsc.com +(86) 21 2897 2228 Q2 业绩超市场预期及 Q3 毛利率亮眼,上修全年营收及资本开支指引 台积电 2Q24 营收 208.2 亿美元,环比增长 10.3%,超彭博一致预期 3%; 毛利率 53.2%,环比微增 0.1pct,超彭博一致预期 0.6pct。台积电指引 3Q24 收入中位数环比增长 9. ...

业绩简评 2024 年 7 月 18 日公司披露 24Q2 业绩,公司 24Q2 实现营收 208.22 亿美元,超过之前 196~204 亿美元指引,同比增长 32.8%, 环比增长 10.3%。公司 24Q2 毛利率为 53.2%,超过之前 51%~53% 指引。公司 24Q2 实现净利润 76.57 亿美元,同比增长 29.23%,环 比增长 6.72%。 公 司 指 引 24Q3 营 收 为 224~232 亿 美 元 , 毛 利 率 为 53.5%~55.5%,营业利润率为 42.5%~44.5%。 公司上调全年 营收指引 为同比增 长略超 25% (之前为 20%~25%),同时上调 24 年 CAPEX 为 300~320 亿美元(之前为 280~320 亿美元)。 经营分析 公司先进制程营收占比持续增长,24Q2 3/5/7nm 制程营收占 晶圆营收的比例分别比为 15%、35%、17%。受益高性能计算持续高 景气度,以及智能手机需求增长,公司预计 3、5nm 产能下半年将 实现高稼动率。另外,公司预计客户对能效有较高需求,因此未 来有望快速切换到2nm制程,在2nm量产前两年的流片数将超过3 ...

TSMC's quarterly results were great, but the market also had some huge risk factors to weigh.Semiconductor stocks were hit hard in Thursday's trading, but Taiwan Semiconductor Manufacturing (TSM 0.39%) stock managed to end the day in the green. The chip company's share price closed out the daily session up 0.4%, according to data from S&P Global Market Intelligence.TSMC posted second-quarter results after the market closed yesterday, delivering sales and earnings for the period that beat Wall Street's expec ...

Key TakeawaysTaiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips.Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter.TSMC shares gained in early trading Thursday before turning lower, extending Wednesday's losses on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconductor industry. Taiwan ...

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) has seen its stock price climb 64.6% in the year-to-date period, outperforming the broader Zacks Computer & Technology sector's growth of 25.8% and the S&P 500 index's rise of 17.6%. The TSM stock is also currently trading above its 50-day moving average, indicating a bullish trend. The company is benefiting from its strong positioning in the semiconductor manufacturing field on the back of its scale and capacity, particularly for advanced technologies. ...

Geopolitics will still be a risk but it shouldn't scare away investors.In this video, I will go over Taiwan Semiconductor's (TSM -1.92%) recent earnings report and comments from management.*Stock prices used were from the trading day of July 17, 2024. The video was published on July 18, 2024. ...

Key TakeawaysTaiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips.Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter.TSMC shares gained Thursday morning following the release, a day after TSMC and other semiconductor stocks tumbled on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconduct ...