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Fly News Breaks for July 19, 2019
TSM
Jul 19, 2019 | 08:28 EDT
CLSA analyst Sebastian Hou upgraded TSMC to Buy from Underperform given a likely acceleration in 5G deployment in China. Hou's checks indicate 5G base-station/smartphone shipment to be 8x-10x greater in 2020 than 2019, which could add $6B-$8B in sales to TSMC in 2020.
News For TSM;TSM From the Last 2 Days
TSM
Apr 23, 2024 | 09:23 EDT
Argus raised the firm's price target on TSMC to $160 from $130 and keeps a Buy rating on the shares. The analyst cites the company's Q1 earnings and revenue beat, stating that while the stock sold off on cautious company guidance for industry demand growth in 2024, the firm still expects solid company growth as inflation recedes and electronic device demand picks up. Throughout a down 2023, demand for the company's 5nm products remained strong, and TSMC has successfully ramped 3 nm node products, the firm added.
