Taiwan Semi (TSM) Reports In-Line Q4 EPS, Q1 Revenue Guidance Misses Views

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Bearish Options Positioning Continues in Taiwan Semi (TSM) Ahead of Several Upcoming Industry Earnings Reports -Susquehanna

January 17, 2019 3:07 PM EST

Susquehanna options strategist Alison Edwards notes bearish options activity in Taiwan Semi (NYSE: TSM), as investors purchased 5k Feb 37 Puts for $2.35 (will make investors long ~14k puts), followed later by 2k Feb 35 Puts for $0.75. Trading indicates investors think shares are headed... More

Taiwan Semiconductor (2330:TT) (TSM) May Be Near Bottom; PT Lowered to TWD254 - Nomura

January 17, 2019 1:34 PM EST

Nomura analyst Aaron Jeng lowered the price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) to TWD254.00 (from TWD260.00) while maintaining a Buy rating. The analyst said the guidance confirms their inventory concern, and the stock may bottom earlier than other semis.

Jeng commented,... More

TSMC offers gloomy revenue forecast, slams chipmaker shares

January 17, 2019 5:08 AM EST

By Yimou Lee and Jess Macy Yu

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) cut full-year investment and forecast its sharpest quarterly revenue fall in a decade, joining a string of tech companies warning of a slowdown in global smartphone demand.

The downbeat forecast by TSMC, a proxy for global tech demand as its clients include Apple Inc, Qualcomm and Huawei Technologies [HWT.UL], bodes ill for its peers and suppliers such as Intel Corp, Nvidia and ASML which are set to report results in coming weeks.

Shares of European chipmakers tumbled on Thursday after... More