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Taiwan Semiconductor Manufacturing Company Limited (TSM) manufactures and sells integrated circuits and semiconductors.
It also offers customer service, account management, and engineering services.
The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
Taiwan Semiconductor Manufacturing reported 3rd Quarter September 2020 earnings of $0.90 per share on revenue of $12.1 billion. The consensus earnings estimate was $0.92 per share on revenue of $12.5 billion. Revenue grew 29.2% on a year-over-year basis.
The company said it expects fourth quarter revenue of $12.40 billion to $12.70 billion. The current consensus revenue estimate is $12.45 billion for the quarter ending December 31, 2020.
With the announcement of the new stimulus deal, share prices of this stock should rise as it is the largest provider of semiconductor chips for Apple, Qualcomm, AMD, and Nvidia.
Entry Point: $105.75
Trading Range: $42.70 - $107.84
Stop Loss: $100.50
Target Price: $116.30
TSM closed at $122.50
