Is It Too Late to Buy Taiwan Semiconductor (TSMC) Stock?
's (NYSE: TSM) stock dropped 5% on July 20 after the chipmaking giant posted its second-quarter results. Its revenue declined 14% year over year to $15.68 billion but beat analysts' estimates by $300 million. Its earnings per ADR also fell 26% to $1.14 -- its first profit decline in four years -- but still cleared the consensus forecast by six cents.
Those declines weren't surprising, since the global semiconductor market has been suffering a cyclical slowdown in a post-pandemic market, but a few gloomier details prevented the bulls from rushing back in. Let's review those red flags -- and see if they indicate that it's too late to invest in the world's largest and most advanced contract chipmaker.
Image source: TSMC.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€152.80
-0.130%
With 24 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 173 € shows a slightly positive potential of 13.22% compared to the current price of 152.8 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
