TSM Stock: 9 Reasons Why Taiwanese Semiconductor Investors Feel Broken Today

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Taiwanese semiconductor (NYSE:TSM) shares rise on Thursday after the publication of the profit report for the fourth quarter of 2021.

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Let’s jump to the earnings report below to see why TSM shares are rising today!

  • The company starts its results in the fourth quarter with diluted earnings per share of $ 1.15.
  • That’s a boon for the company’s stock, as it exceeds Wall Street’s $ 1.12 estimate for the quarter.
  • It also represents 16.4% more than in the same period last year.
  • Annual revenue is $ 15.74 billion.
  • This is another win for TSM shares compared to analysts ’revenue estimate of $ 15.67 billion.
  • The company’s revenues are also 24.1% higher than in the same period last year.
  • The Taiwan Semiconductor outlook for the first quarter of 2021 is also the culmination of its profit report.
  • Revenue for the quarter is expected to range between $ 16.6 billion and $ 17.2 billion.
  • That would exceed Wall Street’s $ 15.84 billion estimate for that period.

Wendell Huang, vice president and chief financial officer of Taiwan Semiconductor, said the following in his earnings report, which led TSM shares to rise today.

“Our business in the fourth quarter was supported by high demand for our leading 5-nanometer technology. In the first quarter of 2022, we expect our business to be supported by HPC-related demand, a further recovery in the automotive segment and a milder seasonality of smartphones than in recent years.

TSM shares also recorded strong trading on today’s earnings news. It has exchanged about 29 million shares since this writing. For the record, the daily average trading volume of the company is about 9.1 million shares.

Shares of TSM rose 6.5% on Thursday morning.

Below is more stock market news that investors can delve into!

InvestorPlace it has all the latest stocks that retailers need for Thursday. In the meantime, he has what he has Delta Air Lines (NYSE:DAL) share growth, the largest morning movement of shares before the market, as well as price forecasts for Shopify (NYSE:TRADE). You can find out more at the following links!

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On the day of the publication of William White did not hold (directly or indirectly) any positions in the securities referred to in this Article. The opinions expressed in this article are those of the author and are the subject of InvestorPlace.com Guidelines for publication.


Article printed from InvestorPlace Media, https://investorplace.com/2022/01/tsm-stock-9-reasons-why-taiwan-semiconductor-investors-are-feeling-chipper-today/.

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