$Taiwan Semiconductor Manufacturing(TSM)$We’re going to end this list with a couple of chip stocks, starting withTaiwan Semiconductor(NYSE:TSM). Shares of this great company have been crushed this year, as have many other tech names. Despite the selloff, business continues to hum along quite well. In mid-July, the company delivered a top- and bottom-line earnings beat and above-consensus forecast for its third-quarter results.

Maybe it’s because it’s not as well-known as some other prominent U.S.-based technology firms. However, TSM stock is not one to be ignored despite its $436 billion market capitalization and 2.2% dividend yield.

The company is forecast to grow sales almost 33% this year and 10% next year. On the earnings front, analysts expect 50% growth this year, although just single-digit growth in 2023. However, at less than 14 times this year’s earnings, this stock is cheap relative to the S&P 500.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • LeongSS
    ·2022-08-18
    great one. keep up
    Reply
    Report
  • junqi99
    ·2022-08-18
    [Smile]
    Reply
    Report
  • 叫我發先生
    ·2022-08-18
    🍍🍍
    Reply
    Report
  • JeremyCcccc
    ·2022-08-18
    Up
    Reply
    Report
  • ETQ
    ·2022-08-18
    Great
    Reply
    Report
  • LukeGott
    ·2022-08-18
    d
    Reply
    Report
  • Potatoclown
    ·2022-08-18
    👍🏻
    Reply
    Report
  • He Man
    ·2022-08-18
    thks
    Reply
    Report
  • shuzyst
    ·2022-08-18
    k
    Reply
    Report
  • Bentrade
    ·2022-08-18
    Z
    Reply
    Report
  • jasonpstt
    ·2022-08-18
    k
    Reply
    Report
  • gangan
    ·2022-08-18
    go
    Reply
    Report
  • EdwardChua
    ·2022-08-18
    cool
    Reply
    Report
  • V K
    ·2022-08-18
    good
    Reply
    Report
  • Justim
    ·2022-08-18
    👌
    Reply
    Report
  • The Knight
    ·2022-08-18
    [Cool]
    Reply
    Report
  • bzwu
    ·2022-08-18
    [smile]
    Reply
    Report
  • Tigaa
    ·2022-08-18
    yep
    Reply
    Report
  • WatermelonSu
    ·2022-08-18
    👍
    Reply
    Report
  • Aaaaaaaaaaas
    ·2022-08-18
    [Cool]
    Reply
    Report