Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
The integrated circuit manufacturing services include process technology, special process technology, design ecosystem support, mask technology, 3DFabricTM advanced packaging and silicon stacking technology services. The Company has completed the transfer and mass production of 5nm technology, and is engaged in the research and development of 3nm process technology and 2nm process technology. The product application range covers the entire electronic day trading patterns application industry, including personal computers and peripheral products, information application products, wired and wireless communication system products, servers and data centers. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock’s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. TSM’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
TSM Earnings Estimates and Actuals by Quarter
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It partners with virtually everyone else in the chip universe to handle some part of the complex manufacturing supply chain, and commands a majority of global market share when excluding memory chips from the equation. Samsung’s third-party foundry is in a distant second place, with Intel gunning to take that No. 2 spot. According to 4 analysts, the average rating for TSM stock is “Strong Buy.” The 12-month stock price forecast is $113.0, which is an increase of 30.04% from the latest price. UnitedHealth reported revenues of $92.9 billion in the last reported quarter, representing a year-over-year change of +15.7%. For UnitedHealth, the consensus sales estimate for the current quarter of $91.43 billion indicates a year-over-year change of +13%. For the current and next fiscal years, $368.15 billion and $391.28 billion estimates indicate +13.6% and +6.3% changes, respectively.
The iPhone 15s are the first to use 3nm (or N3B, as TSM calls it) manufactured chips. But the MacBooks are still on the previous generation N5 (5nm) manufacturing process. Rumors have it that Apple is waiting for the next optimized manufacturing line, N3E, which is now entering full production for device launches in 2024. Other customers are also vying to get a piece of TSM’s N3E manufacturing capacity. Taiwan Semiconductor Manufacturing’s earnings are expected to grow from $4.82 per share to $5.79 per share in the next year, which is a 20.12% increase. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days.
- Compared to the Zacks Consensus Estimate of $90.6 billion, the reported revenues represent a surprise of +2.54%.
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- This puts Morris Chang in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
- In predicting a stock’s future price performance, it’s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company’s growth prospects.
- Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of TSM’s
competitive advantage. - TSMC, like all foundries, assumes the costs and capital expenditures of running factories amid a highly cyclical market for its customers.
Stockholders of record on Friday, December 15th will be given a dividend of $0.4724 per share on Thursday, January 11th. This represents a $1.89 annualized dividend and a dividend yield of 2.18%. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides top natural gas stocks business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
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The company’s products include logic, mixed-signal, RF and embedded memory chips. 5 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings Top 10 commodities for Taiwan Semiconductor Manufacturing in the last year. The consensus among Wall Street research analysts is that investors should “buy” TSM shares.
Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, UnitedHealth is rated Zacks Rank #3 (Hold). With these, Taiwan Semiconductor can manufacture nearly 15 million 300 mm wafers per year. The company’s capabilities include process nodes ranging from 2 microns to 4nm. The company also packages, tests, and markets integrated circuits, semiconductor devices and related services internationally.
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Even some semiconductor manufacturers with their own production facilities, such as Intel and Texas Instruments, use Taiwan Semiconductor to some degree. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
TSMC (TSM) Outpaces Stock Market Gains: What You Should Know
Such cyclicality stems from the fact that foundries tend to add excessive capacity during times of burgeoning demand, which can result in underutilization during downturns that hampers profitability. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. For the current quarter, UnitedHealth is expected to post earnings of $6.33 per share, indicating a change of +9.3% from the year-ago quarter.
Tesla and Nvidia were both around 2% lower in premarket trading Thursday. “There are increasing signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally,” the Bank said in a statement. The Bank of England decided not to hike rates again on Thursday, breaking a streak of hikes at 14 consecutive meetings. According to the report from The Information, citing a person familiar with the matter, Alphabet is also weighing using Marvell Technology for certain chips.
Darden Restaurants slid more than 1% in premarket trading after the Olive Garden parent said fine-dining sales fell more than expected. In other economic news, the Philadelphia Federal Reserve’s manufacturing index for September came in at -13.5, representing the percentage difference between firms reporting expansion versus contraction. The Dow Jones estimate was for a zero reading; the September number was a sharp decline from the previous reading of 12.
The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about UnitedHealth. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. On a year-on-year basis, GDP climbed 3.2%, higher than the previous quarter’s 2.9% expansion and also higher than the 3.1% expected by the Reuters poll. Fundstrat technical strategist Mark Newton advised clients keep an eye on the 4,400 level on the S&P 500 following Wednesday’s post-Fed downturn.
The Zacks Consensus Estimate has changed +0% over the last 30 days. Tech shares have led the losses this week as investors rethink buying growth-oriented stocks if interest rates remain high. Taiwan Semiconductor Manufacturing’s stock was trading at $74.49 at the beginning of 2023. Since then, TSM shares have increased by 16.6% and is now trading at $86.87.
Intel CEO Pat Gelsinger has been adamant that the company is on track to reclaim tech manufacturing leadership by 2024. Intel says its 20A manufacturing node chips will be ready for 2024, and its 18A manufacturing node will reach production by the second half of 2024. The “A” stands for Angstrom, of which there are 10 in a nanometer, meaning Intel will beat TSM to 2nm chip manufacturing. TSM calls this N2, and it’s scheduled to reach production by 2025 or 2026. NVDA, +1.37% gained nearly 1% in premarket trading as U.K.-based chip designer ARM Holdings PLC ARM, …
The moves come a day after the Federal Reserve announced it would leave interest rates unchanged, but forecasted another rate hike before the end of the year. The central bank also indicated fewer rate cuts next year, essentially saying it would need to keep rates higher for longer because stubborn inflation. Losses intensified following news that House Republican leaders sent the chamber into recess on Thursday, bolstering fears that federal lawmakers won’t pass a bill to avert a government shutdown. “That’s kind of a warning sign for markets right now,” said Adam Turnquist, chief technical strategist at LPL Financial, of recent yield moves. He added that yields are “certainly weighing on risk appetite at this point.”