Reported 22 days ago
Schwab's Alex Coffey described Taiwan Semiconductor Manufacturing Company's recent guidance as 'pretty strong,' which alleviated some investor worries following a significant loss in stock value. Despite a 13% drop in the past month and 28% in three months, TSM's robust fourth-quarter results and outlook have maintained investor confidence, with Bernstein affirming a $251 price target and an Outperform rating, anticipating continued demand for its advanced packaging.
Source: YAHOO