5 Stocks in The Limelight After Announcing Their Financial Results

4. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 67

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) hit a new 52-week high of $145 on January 14, 2022, after delivering impressive profit and sales for the fourth quarter.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned $1.15 per share on revenue of $15.74 billion. The results easily surpassed analysts’ average estimate of $1.12 per share for earnings and $15.620 billion for revenue.

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The company also issued its sales outlook for the first quarter. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) expects revenue in the range of $16.6 billion – $17.2 billion for the current quarter.

Discussing the results, CEO Wendell Huang said in a statement:

“Our fourth quarter business was supported by strong demand for our industry-leading 5- nanometer technology. Moving into first quarter 2022, we expect our business to be supported by HPC-related demand, continued recovery in the automotive segment, and a milder smartphone seasonality than in recent years.”