TSMC Profit Soars. Is Now a Great Time to Buy the Stock?

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC for short, didn't accelerate higher Thursday despite the semiconductor contract manufacturer reporting strong second-quarter results and lifting its guidance. Reports of tougher export restrictions on semiconductors coming from the U.S. government and comments from presidential candidate Donald Trump weighed on the stock.Let's take a closer look at TSMC's most recent results and whether now is a good time to buy the stock following its recent sell-off.For its second quarter, TSMC saw its revenue soar nearly 33% year over year to $20.8 billion, while its earnings per American depositary receipt (ADR) came in at $1.48, up from $1.14 a year ago. High-performance computing, which includes chips for artificial intelligence (AI), represented 52% of its revenue in the quarter and was up 28% quarter over quarter. Smartphone revenue accounted for a third of its sales and declined by 1% sequentially.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool