TSM - Taiwan Semiconductor Is One Of The 'Best Pick-And-Shovel Stories' Despite Earthquake Setback: Analyst | Benzinga
A strong earthquake in Taiwan earlier this month forced Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) to suspend chip production.
Although the company may be impacted by short-term production delays and wafer losses that could hurt its June-quarter sales, most of these lost sales may be recovered in the third quarter, according to Needham.
The Taiwan Semiconductor Analyst: Charles Shi reiterated a Buy rating for Taiwan Semiconductor, while raising the price target from $133 to $168.
The Taiwan Semiconductor Thesis: Despite the near-term setbacks to sales, the company is likely to meet its full-year growth targets, Shi ...