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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Taiwan Semiconductor Manufacturing Company Limited    2330   TW0002330008

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

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Taiwan Semiconductor Manufacturing : TSMC Third-Quarter Net Profit Rose 36% on Year -- Earnings Review

10/15/2020 | 03:58am EST

By Kosaku Narioka

Taiwan Semiconductor Manufacturing Co. reported third-quarter results on Thursday. Here's what you need to know.

NET PROFIT: TSMC's third-quarter net profit rose 36% to 137.31 billion New Taiwan dollars (US$4.77 billion), beating the estimate of NT$127.16 billion from a FactSet poll of analysts.

REVENUE: TSMC's third-quarter revenue increased 22% from a year earlier to NT$356.43 billion.

WHAT WE WATCHED:

--CHINA REVENUE: TSMC said revenue from customers based in China made up 22% of the total in the third quarter, up from 21% in the previous quarter and 20% a year earlier. The U.S. government restricted global chip makers that use U.S. technology from supplying semiconductors to Huawei Technologies Co. Analysts said TSMC was able to offset its Huawei sales losses by reallocating production capacity to other clients.

--OUTLOOK: TSMC expects fourth-quarter revenue to rise to between US$12.4 billion and US$12.7 billion, or 2.1% to 4.6% higher than its third-quarter revenue of US$12.14 billion. TSMC Chief Financial Officer Wendell Huang said growth is likely to be supported by strong demand for its 5-nanometer technology, driven by 5G smartphone launches and high-performance computing-related applications.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-15-20 0358ET

Stocks mentioned in the article
ChangeLast1st jan.
TAIWAN SEMICONDUCTOR CO., LTD. -0.35% 56.8 End-of-day quote.5.97%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -1.74% 480.5 End-of-day quote.45.17%
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Financials
Sales 2020 1 342 B 47 052 M 47 052 M
Net income 2020 512 B 17 954 M 17 954 M
Net cash 2020 415 B 14 537 M 14 537 M
P/E ratio 2020 24,8x
Yield 2020 2,19%
Capitalization 12 706 B 445 B 445 B
EV / Sales 2020 9,16x
EV / Sales 2021 8,19x
Nbr of Employees 48 752
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | 2330 | TW0002330008 | MarketScreener
Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 536,85 TWD
Last Close Price 490,00 TWD
Spread / Highest target 42,9%
Spread / Average Target 9,56%
Spread / Lowest Target -22,4%
EPS Revisions
Managers
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Jen Chao Huang Chief Financial Officer
Renzhao Huang Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
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TEXAS INSTRUMENTS25.69%148 018