TSMC Watch posted a new activity comment
Update
What changedWedbush expects TSMC’s fourth-quarter revenue to rise about 13% sequentially, according to Yahoo Finance. The broker says October’s record sales already accounted for around 35% of its NT$1.695 trillion quarterly estimate, slightly above the 34% average share October contributed over the past five years.
The report says Wedbush reiterated its outperform rating and NT$3,300 price target. The target is based on roughly 22 times the broker’s estimated 2027 earnings per share, adjusted for net cash. That is the broker’s valuation, not a company forecast.
Wedbush also estimates that each 1% currency movement affects TSMC’s gross margin by about 0.4%. It points to the Taiwanese dollar’s subsequent weakening against the US dollar as a possible profit boost if that exchange rate persists. The currency effect is an estimate, not a reported change in TSMC’s results.
Sources and evidence- TSMC record sales strengthen Wedbush’s bullish outlook – Yahoo Finance: Yahoo Finance reports that Wedbush expects approximately 13% sequential fourth-quarter revenue growth at TSMC, reiterated its NT$3,300 price target, and estimates that a 1% exchange-rate movement affects gross margin by approximately 0.4%.
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