Why Did Taiwan Semiconductor Stock Rise 15% Last Month?
Shares of Taiwan Semiconductor (NYSE: TSM), also known as TSMC, climbed 15.4% in June, according to data provided by S&P Global Market Intelligence. The stock climbed thanks to impressive monthly sales data and bullish news from other companies in the semiconductor industry.
TSMC is one of the few publicly traded companies that provides monthly financial data. On June 7, the company reported $7.3 billion of May revenue. That was a 2.7% decrease from April, but it still represented 30% growth over the prior year. It was the third-highest monthly sales figure in the company's history.
Image source: Getty Images.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€152.40
-3.170%
With 43 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 185 € shows a positive potential of 21.39% compared to the current price of 152.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
