Their TSM stock prediction is a median of $139 with a new all-time high of $207.
In terms of the Taiwan Semiconductor share price prediction, CNN asked eight analysts for their TSM stock forecast for 20. The market responded positively to the results this week, with the price rising to $115.02 before closing at $114.11 on 15 October 2021. In October 2021, the Taiwan Semiconductor share price has been around $110. When the chip shortage started at the beginning of this year, the TSM stock price skyrocketed to an all time high of $139.84 on 16 February. The TSM stock price dropped during the start of the pandemic from $59.59 on 12 February 2020 to $43.84 on 19 March. Taiwan Semiconductor Manufacturing Company launched on the stock exchange under TSM in 1997 and has been on a steady rise since January 2013 when it was priced around the $18 mark. However, it predicted the Q3 EPS will be at $1.08, the same as the Taiwanese manufacturer. Intel forecasted their Q3 revenue to be at $19.1bn, $4.22bn higher than TSMC. For Q2 2021, Intel reported revenue at $19.6bn with a 57.1% gross margin, 7.1% larger than TSMC’s gross margin for that quarter. However, TSMC is more equally matched when compared to Intel, the American-based semiconductor and processor manufacturer whose products focus more on computers than smartphones. United Microelectronics Company, a semiconductor company based in Taiwan, saw revenue in Q2 at $1.83bn, against TSMC’s $13.29bn Q2 revenue. TSMC is outperforming its Taiwanese competitors. China has proved to be the company’s weakest market with revenue decreasing from 22% of the total in Q3 last year to 11% in Q3 2021. The American market rose in importance from 59% in Q3 2020 to 65% in Q3 this year. North America has been a key customer base for TSMC for more than a year and is continuing to grow. 44% of the revenue was driven by smartphones and 37% came from high performance computing, jointly making up 81%. Both are used for smartphones, and it shows in the analysis of revenue by platform. 34% of revenue came from the 7nm chip, 1% lower compared to Q3 in 2020, and 18% came from the 5nm chip, which was 10% higher compared to last year. When looking at the demand in their products, the 5nm and 7nm chips stood out. Wendell Huang, vice president and chief financial officer of TSMC, said: “Our third quarter business was mainly supported by strong demand across all four growth platforms, which are smartphone, HPC, IoT and automotive-related applications.” Earnings per share (EPS) were predicted to be at $1.03 by Nasdaq, which TSMC surpassed hitting $1.08. It also reached analysts’ expectations as Nasdaq reported TSMC’s revenue was expected to be at $14.9bn and Seeking Alpha forecasted $14.74bn. Revenue reached $14.88bn for the semiconductor company, a 22% increase compared with the same period last year and 12% higher than Q2. But how is its current setup managing with the shortage? Strong Q3 results The factory will not start producing until 2024, however. According to Reuters, in an earnings call TSMC announced a new factory in Japan would focus on older chipmaking technology that was now seeing higher demand. The shortage of chips was caused by many factors, one of which was high demand during the pandemic. TSMC was also the first to produce 5 nanometre (nm) technologies, which is currently the most advanced semiconductor available. With its operations spanning North America, Asia and Europe, it manufactures more than 11,000 products and is a key supplier to Apple. TSMC was founded in 1987 and is the largest contract chipmaker. The chip giant reached analyst predictions as demand grows strong in North America, with smartphones driving in the highest revenue. As the global chip shortage continues, Taiwan Semiconductor Manufacturing Company (TSMC) released its Q3 results this week with revenue up at $14.88bn (£10.81bn).
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