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TSM

TSMC

$31.35

0.62 (2.02%)

07:02
10/13/16
10/13
07:02
10/13/16
07:02

TSMC reports Q3 EPS 59c, consensus 57c

Reports Q3 revenue $8.2B, consensus $7.99B. "Despite a less favorable exchange rate than our forecast, third quarter revenue surpassed the high-end of our guidance given three months ago, mainly due to strong demand in overall smartphone market," said Lora Ho, SVP and CFO of TSMC. Reports gross margin for the quarter was 50.7%, operating margin was 40.8%, and net profit margin was 37.2%. Shipments of 16/20-nanometer accounted for 31% of wafer revenues, and 28-nanometer process technology accounted for 24% of total wafer revenues. Advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 55% of total wafer revenues.

TSM TSMC
$31.35

0.62 (2.02%)

07/12/16
07/12/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) downgraded to Neutral from Buy at Northcoast with analyst Chuck Cerankosky citing valuation. 2. TSMC (TSM) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Nomura. 3. Armstrong World (AWI) downgraded to Sell from Neutral at Goldman with the firm saying it believes that limited volume growth and raw material inflation headwinds are likely to limit earnings power, while capital intensity limits free cash flow and returns. 4. Cognizant (CTSH) downgraded to Neutral from Buy at SunTrust with the firm saying its IT Service poll shows "signs of weaker pricing," while the company is poised to be hurt by currency fluctuations, lower European revenue, and weakness in the healthcare sector stemming from insurance mergers. 5. Imperva (IMPV) downgraded to Hold from Buy at Deutsche Bank with analyst Imtiaz Koujalgi saying a lack of visibility into FY16 numbers is "another risk for the stock" after the company last night lowered its second quarter revenue outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/16
DAIW
07/14/16
DOWNGRADE
DAIW
Outperform
TSMC downgraded to Outperform from Buy at Daiwa
10/04/16
SUSQ
10/04/16
UPGRADE
SUSQ
Neutral
TSMC upgraded to Neutral from Negative at Susquehanna
10/04/16
SUSQ
10/04/16
UPGRADE
Target $28
SUSQ
Neutral
TSMC upgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini upgraded TSMC to Neutral from Negative. The analyst increased his estimates to reflect mild seasonality, continued elevation rates, minimal selling price erosion, and the company's dominance in the 10nm foundry market. Hosseini raised his price target to $28 from $20 on TSMC shares.

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INVH

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XLV

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TSN

Tyson Foods

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0.918 (1.49%)

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PAA

Plains All American

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LION

Fidelity Southern

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0.01 (0.04%)

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LITE

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NTDOY

Nintendo

$42.05

0.435 (1.05%)

, SNE

Sony

$38.52

0.11 (0.29%)

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NTDOY

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$42.05

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SNE

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

14:15
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  • 23

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SAFM

Sanderson Farms

$123.21

-2.89 (-2.29%)

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RH

RH

$60.50

3.847 (6.79%)

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BLCM

Bellicum Pharmaceuticals

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MDRX

Allscripts

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NTNX

Nutanix

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PTLA

Portola Pharmaceuticals

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

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GE

General Electric

$27.59

0.035 (0.13%)

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