Taiwan Semiconductor Manufacturing Company (TSMC) announced a record-breaking consolidated net revenue of NT$181.65 billion for February 2024, showcasing an impressive 11.3% surge compared to the same month in 2023. Although there was a slight dip of 15.8% from January 2024, the overall revenue growth demonstrates a promising trajectory from the previous year.
In the first two months of 2024, TSMC’s total revenue reached NT$397.43 billion, marking a notable 9.4% increase from the same period in 2023. With a rating of 34 buys, 1 hold, and 0 sells, investors and analysts are optimistic about TSMC’s future performance and potential.
Taiwan Semiconductor Manufacturing Company (TSM) Stock Surges on Strong Performance and Market Optimism
On March 8, 2024, Taiwan Semiconductor Manufacturing Company (TSM) saw a significant increase in its stock performance. TSM is currently trading near the top of its 52-week range and above its 200-day simple moving average, indicating that the stock has been performing well in the market recently.
The price of TSM shares increased by $7.67 since the market last closed, representing a 5.42% rise. The stock closed at $149.20, and has since risen by $3.69 in pre-market trading, suggesting that investors are optimistic about the company’s prospects.
TSM is a leading semiconductor manufacturer with a strong track record of innovation and growth. The company’s products are in high demand in the tech industry, particularly in the fields of artificial intelligence, data centers, and 5G technology, allowing TSM to generate strong returns for its shareholders.
Overall, the performance of TSM stock on March 8, 2024, reflects the company’s strong fundamentals and positive market sentiment. Investors will be closely watching to see if the stock can continue its upward trajectory and deliver further gains in the future.
TSM Stock Performance Analysis: Revenue and Net Income Increase in Q4 2024
On March 8, 2024, Taiwan Semiconductor Manufacturing Company (TSM) saw some interesting movements in its stock performance based on the data provided by CNN Money. The company reported a total revenue of $69.35 billion for the past year, which represents an 8.67% decrease compared to the previous year. However, in the fourth quarter, TSM’s total revenue was $19.64 billion, showing a 13.84% increase from the previous quarter.
Similarly, TSM’s net income for the past year was $26.90 billion, indicating a 21.11% decrease compared to the previous year. On the other hand, in the fourth quarter, the company’s net income was $7.49 billion, showing a 12.57% increase from the previous quarter.
In terms of earnings per share (EPS), TSM reported $5.19 for the past year, which is a 21.11% decrease compared to the previous year. However, in the fourth quarter, the company’s EPS was $1.44, holding flat from the previous quarter.
Overall, TSM’s stock performance on March 8, 2024, reflected a mix of positive and negative trends. While the company saw an increase in total revenue and net income from the previous quarter, there was a decrease in these metrics compared to the previous year. Additionally, the EPS remained flat from the previous quarter but decreased compared to the previous year.
Investors and analysts will likely continue to monitor TSM’s financial performance closely to assess the company’s growth prospects and long-term sustainability. It will be interesting to see how TSM navigates the challenges and opportunities in the semiconductor industry in the coming months.
