Taiwan Semiconductor MFG.

TSM-N

NYSE:TSM

58.61
2.71 (4.85%)
Taiwan Semiconductor Manufacturing Company, Limited, also known as Taiwan Semiconductor, is the world's largest dedicated independent semiconductor foundry, with its headquarters and main operations ...
More at Wikipedia

Analysis and Opinions about TSM-N

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
September 6, 2019
He knows the company back to early 2000. They have had a good story and it pays a dividend. This is a very mature company and an important player in the international space. Global phone providers use their technology. At the current price levels, he is a little leery. He does not see the same opportunity for smart phones in the growing Asian marketplace as consumers there will opt for lower cost, simple alternatives. He is not sure how much more upside there is left. He would like to buy it on weakness, but don't expect the same kind of growth going forward. (Analysts’ price target is $281.00)
He knows the company back to early 2000. They have had a good story and it pays a dividend. This is a very mature company and an important player in the international space. Global phone providers use their technology. At the current price levels, he is a little leery. He does not see the same opportunity for smart phones in the growing Asian marketplace as consumers there will opt for lower cost, simple alternatives. He is not sure how much more upside there is left. He would like to buy it on weakness, but don't expect the same kind of growth going forward. (Analysts’ price target is $281.00)
Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$43.710
Owned
No
COMMENT
COMMENT
July 9, 2018

It's been hurt recently. It's one of the leading assemblers of smart phones, particularly iPhones. Taiwanese stocks are affected by the downtown in the Chinese stock market, down 17-20% year to date.

It's been hurt recently. It's one of the leading assemblers of smart phones, particularly iPhones. Taiwanese stocks are affected by the downtown in the Chinese stock market, down 17-20% year to date.

Kim Bolton
President and Portfolio Manager, Black Swan Dexteritas
Price
$37.830
Owned
Unknown
DON'T BUY
DON'T BUY
March 22, 2018

TSM is on the leading edge of the semiconductor industry. They use some of the most sophisticated equipment and can offer customers excellent products. There is some concern because the visionary CEO has retired and it too soon to tell whether new management will be as visionary. Also there is concern that the tech space has run too far and may be due for a pullback.

TSM is on the leading edge of the semiconductor industry. They use some of the most sophisticated equipment and can offer customers excellent products. There is some concern because the visionary CEO has retired and it too soon to tell whether new management will be as visionary. Also there is concern that the tech space has run too far and may be due for a pullback.

Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$43.690
Owned
No
COMMENT
COMMENT
December 16, 2015

A pretty cash rich company and doesn’t think they will be impacted by changes in interest rates. An extremely well-run company. Tends to be focused more on the software side than the hardware side, which is a less capital intensive industry. A reasonably priced company and a more appropriate investment if you are value oriented.

A pretty cash rich company and doesn’t think they will be impacted by changes in interest rates. An extremely well-run company. Tends to be focused more on the software side than the hardware side, which is a less capital intensive industry. A reasonably priced company and a more appropriate investment if you are value oriented.

Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$23.160
Owned
No
COMMENT
COMMENT
January 28, 2014

A manufacturer of semiconductors for other companies, specifically Qualcomm (QCOM-Q). Growth in recent years has really been driven by the increasing ubiquity of the smart phones and tablet devices. They are anticipating customers’ orders for smaller and smaller semiconductors that will be more powerful. Just won the contract for the 64-bit phone from the presumed iPhone 6 that will be coming out this fall. Near-term, there should be some margin concerns because it is such a CapX intensive business. They have to spend that CapX in the 1st 6 months to be able to enjoy the benefits of the sales in the back of the year. Views this is a core holding in technology.

A manufacturer of semiconductors for other companies, specifically Qualcomm (QCOM-Q). Growth in recent years has really been driven by the increasing ubiquity of the smart phones and tablet devices. They are anticipating customers’ orders for smaller and smaller semiconductors that will be more powerful. Just won the contract for the 64-bit phone from the presumed iPhone 6 that will be coming out this fall. Near-term, there should be some margin concerns because it is such a CapX intensive business. They have to spend that CapX in the 1st 6 months to be able to enjoy the benefits of the sales in the back of the year. Views this is a core holding in technology.

Charles Lannon
Director of Research, Toron Investment Management
Price
$17.160
Owned
Yes
BUY
BUY
December 27, 2013

They manufacture chips for other companies. Incredibly well run company. A much more volatile stock than people think, because semiconductor business is very cyclical. Not an expensive stock at these levels. This is the time in the cycle that you should buy this type of company.

They manufacture chips for other companies. Incredibly well run company. A much more volatile stock than people think, because semiconductor business is very cyclical. Not an expensive stock at these levels. This is the time in the cycle that you should buy this type of company.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$17.260
Owned
Unknown
HOLD
HOLD
December 5, 2013

Sold half of his position around the $20 mark. Chinese market for mobile phones and smaller devices is what is really going to drive a lot of the semiconductor market moving forward. Unfortunately, phones do not require big or expensive chips like what is needed in a notebook, PC, etc. Defensive tech at the moment is not very interesting. People are looking for high levels of growth. If this dips down, you could buy it.

Sold half of his position around the $20 mark. Chinese market for mobile phones and smaller devices is what is really going to drive a lot of the semiconductor market moving forward. Unfortunately, phones do not require big or expensive chips like what is needed in a notebook, PC, etc. Defensive tech at the moment is not very interesting. People are looking for high levels of growth. If this dips down, you could buy it.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$17.400
Owned
Yes
HOLD
HOLD
September 11, 2013

This one has done very, very well. The challenge of the semiconductor market is whether or not the market is going to transition to a growth or going to go back to a defensive story. Semiconductors are coming towards the end of the cycle and 4% dividend is not really high growth. He expects there will be a rollover of technology stocks generally. Semiconductors lead the technology sector. Watch it up to the 4th quarter and see what happens.

This one has done very, very well. The challenge of the semiconductor market is whether or not the market is going to transition to a growth or going to go back to a defensive story. Semiconductors are coming towards the end of the cycle and 4% dividend is not really high growth. He expects there will be a rollover of technology stocks generally. Semiconductors lead the technology sector. Watch it up to the 4th quarter and see what happens.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$17.440
Owned
Yes
BUY
BUY
September 3, 2013

Manufactures semiconductors for most of the companies. Have been growing their market share quite a bit.

Manufactures semiconductors for most of the companies. Have been growing their market share quite a bit.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$16.900
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 25, 2013

Sold off last Friday on the back of earnings. The concern was that there was going to be lower margins moving forward. In his view the company is still the leading player in the leading technology space for the next 2 generations so profitability will continue. Lower margin issue is just related to emerging markets. Good story. Good 4% dividend.

Sold off last Friday on the back of earnings. The concern was that there was going to be lower margins moving forward. In his view the company is still the leading player in the leading technology space for the next 2 generations so profitability will continue. Lower margin issue is just related to emerging markets. Good story. Good 4% dividend.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$17.180
Owned
Yes
WAIT
WAIT
February 13, 2013

Likes this but a lot of techs are ahead of themselves. Wait until the middle of the year before you start looking for tech stocks.

Likes this but a lot of techs are ahead of themselves. Wait until the middle of the year before you start looking for tech stocks.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$18.410
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
January 23, 2013

Manufacturing outsourcing company and makes semiconductor chips. Has a technology lead, so every time there is a new generation, those chips come from this company. Newest generation of chips tend to have the fattest margins. Very good balance sheet. Good dividend. Thinks it is a little overdone right now and would prefer it at $16.

Manufacturing outsourcing company and makes semiconductor chips. Has a technology lead, so every time there is a new generation, those chips come from this company. Newest generation of chips tend to have the fattest margins. Very good balance sheet. Good dividend. Thinks it is a little overdone right now and would prefer it at $16.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$18.270
Owned
Yes
COMMENT
COMMENT
December 18, 2012

Has done very well. They don’t design semiconductors. They make semiconductors for other companies. As semiconductors become more and more complex, there are fewer and fewer companies able to do it. Probably getting a little expensive.

Has done very well. They don’t design semiconductors. They make semiconductors for other companies. As semiconductors become more and more complex, there are fewer and fewer companies able to do it. Probably getting a little expensive.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$16.980
Owned
Yes
TOP PICK
TOP PICK
August 21, 2012

There is a secular growth in the industry and this one is fairly uniquely positioned. They are a manufacturer for many of the designers of these products. Also, a number of fabricators are outsourcing their fabrications to them. Very good market share. Good dividend yield and thinks it will grow 3.5%-3.6%.

There is a secular growth in the industry and this one is fairly uniquely positioned. They are a manufacturer for many of the designers of these products. Also, a number of fabricators are outsourcing their fabrications to them. Very good market share. Good dividend yield and thinks it will grow 3.5%-3.6%.

Karl Berger
Partner, Toron Investment Management
Price
$14.650
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 27, 2012
(A Top Pick July 27/11. Up 12.18%.) The more complex semiconductors get, the more difficult they are to manufacture. This is really the only independent company doing this now. Still likes us very much.
(A Top Pick July 27/11. Up 12.18%.) The more complex semiconductors get, the more difficult they are to manufacture. This is really the only independent company doing this now. Still likes us very much.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$13.680
Owned
Yes
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