Taiwan Semiconductor Reports 20.5% Revenue Growth, Stock Rises 4.43%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Significant Revenue Growth: Taiwan Semiconductor's fourth-quarter revenue reached $33.73 billion, marking a 20.5% year-over-year increase, demonstrating strong market demand and cost control, thereby boosting investor confidence in the semiconductor sector.
- Profit Increase: The company reported a net income of $16.31 billion, reflecting higher utilization rates and lower costs, further solidifying its leadership position in the global semiconductor market.
- Optimistic Future Outlook: TSMC anticipates approximately 30% revenue growth by 2026 and plans to invest up to $56 billion in capital expenditures focused on advanced technologies, indicating strong confidence in future market demand.
- Strong Stock Performance: TSMC's stock rose 4.43% to close at $341.64, reaching an intraday high of $351.33, reflecting positive market reactions to its performance and outlook.
Analyst Views on TSM
Wall Street analysts forecast TSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 348.25 USD with a low forecast of 290.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 327.110
Low
290.00
Averages
348.25
High
400.00
Current: 327.110
Low
290.00
Averages
348.25
High
400.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
