Taiwan Semi (TSM) Tops Q2 EPS by 12c; Guides Q2 Revenue Higher

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Needham & Company Reiterates Buy Rating on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (TSM) Following Strong Q2

July 14, 2022 7:13 AM EDT

Needham & Company analyst Charles Shi reiterated a Buy rating and NT$650.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) following strong results.

The analyst commented, "TSMC reported strong 2Q22 results with GM and EPS exceeding our recently raised estimates. Contrary to... More