Don't get too excited about Taiwan Semiconductor's stellar earnings and rather optimistic outlook for the coming quarter. In most recent quarter, LT Debt/Equity ratio was listed at 0.14 and Total Debt/Equity ratio was noted at 0.19.
TSMC disclosed its non-operating items were a gain of NT$2.09 billion in the second quarter compared with a gain of NT$21.06 billion in the second quarter of 2015. This leaves us with a quarter on quarter earnings per share growth of -18.00%.
Taiwan Semiconductor Manufacturing Company (TSMC) said income in the 3 months to September was expected to increase to Tw$254-$257 billion (around $8 billion), up about 20% from a year earlier. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. The year to date performance is at 23.00% with a 52 week high of -1.46% and a 52 week low of 61.56%. Analyst recommendation for this stock stands at 2.80. The company has a market cap of $137.75 billion.
TSMC credited the sequential revenue growth in the second quarter to customers' inventory restocking and preparation for new product launches, and recovery of the delayed shipments from the February 6 natural disaster. The Q3 revenues were up 15% from the second quarter, the company added.
Liu said that this growth model is built on the assumption that no killer applications will emerge in the next five years.
For the April-June period, TSMC generated NT$221.81 billion, 1.7% more than the top end of its forecast, and grew 8% from a year previously on strong growth momentum of mid-to-low-end smartphones and video games.
Several brokerages have issued reports on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating and set a $30.00 target price on the stock in a research report on Friday. Taiwan Semiconductor Manufacturing now has an average rating of "Buy" and a consensus price target of $24.33.
In terms of performance, the stock has had a mixed year so far with the performance for the year at 22.41%. Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing selling packaging testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.