hoa
2021-07-03
Semicon is good to get in
Taiwan Semiconductor Is Ripe for Entry: Here's How I'm Playing It<blockquote>台积电进入的时机已经成熟：我是这样玩的</blockquote>
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Taiwan Semiconductor . Taiwan Semiconductor reports Q2 financial performance in two weeks, on July 16th. Currently, Wall Street is looking for EPS of $0.93, without much divergence in opinion. This name is not as highly followed across the community of analysts. I can only find four analysts that have gone as far as to make quarterly projections,","content":"<p> <i>I've been hot for the semis for a good while now because of the widely covered shortages that are creating significant pricing power.</i> Thinking about... Taiwan Semiconductor (TSM) . Taiwan Semiconductor reports Q2 financial performance in two weeks, on July 16th. Currently, Wall Street is looking for EPS of $0.93, without much divergence in opinion. This name is not as highly followed across the community of analysts. I can only find four analysts that have gone as far as to make quarterly projections, six that have made annual projections, and just two that have really stuck their necks out and stated a price target at any point in the past six months.</p><p><blockquote><i>我对半决赛很感兴趣已经有一段时间了，因为广泛覆盖的短缺创造了巨大的定价能力。</i>想着……台积电（TSM）。台积电将于 7 月 16 日公布两周后的第二季度财务业绩。目前，华尔街正在寻找0.93美元的每股收益，意见没有太大分歧。这个名字在分析师群体中并不那么受欢迎。我只能找到四位分析师做出了季度预测，六位做出了年度预测，只有两位真正挺身而出，在过去六个月的任何时候都设定了目标价。</blockquote></p><p> The range of EPS expectations for Q2 EPS for TSM, across those four analysts is just $0.91 to $0.95. Wall Street is looking for approximately $13.2 billion in revenue generation for the quarter, which would be year over year sales growth of about 27%. This would be an acceleration in sales growth for a second consecutive quarter.</p><p><blockquote>这四位分析师对 TSM 第二季度每股收益的预期范围仅为 0.91 美元至 0.95 美元。华尔街预计本季度收入约为 132 亿美元，同比销售额增长约 27%。这将是连续第二个季度销售增长加速。</blockquote></p><p> <b>This Week</b></p><p><blockquote><b>本周</b></blockquote></p><p> It was Tuesday. DigiTimes reports that Taiwan Semiconductor is expected to record record revenues for June, due to shipments of iPhones showing up in the data. Apparently, reduced purchases by client Bitmain, as China bans Bitcoin mining had not taken the toll on TSM sales as some had expected. Demand for 5nm and 7nm processors had offset the loss of that mining business as the firm shipped chips for Apple's (AAPL) smartphones in time to appear in June's numbers. The expectation is that the firm stays on course for 20% sales growth for the fiscal year, and that June could be flat from May (which is a good thing).</p><p><blockquote>那天是星期二。DigiTimes报道称，由于数据中显示了iPhone的出货量，台积电预计将在6月份创下创纪录的收入。显然，由于中国大陆禁止比特币采矿，客户比特大陆减少了购买量，并没有像一些人预期的那样对 TSM 的销售造成影响。对 5 纳米和 7 纳米处理器的需求抵消了该采矿业务的损失，因为该公司及时为苹果 (AAPL) 智能手机发货了芯片，并出现在 6 月份的数据中。预计该公司本财年销售额将保持 20% 的增长，并且 6 月份可能与 5 月份持平（这是一件好事）。</blockquote></p><p> Early this (Friday) morning, news broke that Apple and Intel (INTC) will be the first customers to test TSM's 3nm production technology, which if all goes well, deploys toward the back half of 2022. Nikkei Asia reports that Intel is planning at least two projects to design CPUs for notebooks and data centers around the new 3nm chips.</p><p><blockquote>今天（周五）凌晨，有消息称苹果和英特尔（INTC）将成为首批测试TSM 3nm生产技术的客户，如果一切顺利，该技术将于2022年下半年部署。《日经亚洲》报道称，英特尔正在规划至少两个项目，围绕新的3nm芯片为笔记本电脑和数据中心设计CPU。</blockquote></p><p> Just a quick tutorial. TSM's 5nm chips are the most advanced chips available and if you have an iPhone 12, you have one of these chips. TSM is indicating that the new 3nm chips will offer a 10% to 15% boost to computing performance compared to the current 5nm product, while also reducing power consumption by 25% to 30%.</p><p><blockquote>只是一个快速教程。TSM的5纳米芯片是目前最先进的芯片，如果你有一部iPhone 12，你就有了其中一个芯片。TSM表示，与当前的5nm产品相比，新的3nm芯片将使计算性能提高10%至15%，同时还将功耗降低25%至30%。</blockquote></p><p> As an aside, Intel announced the delay of the Sapphire Rapids data center processor earlier this week. While this is seen around Wall Street as yet another chance for Advanced Micro Devices (AMD) , and even Nvidia (NVDA) , to tackle even more market share away from the lumbering giant, but also makes at least this investor wonder just how Intel thinks they are going to get to a point anytime soon where they can compete with the likes of Taiwan Semiconductor as a global foundry to other chip designers.</p><p><blockquote>顺便说一句，英特尔本周早些时候宣布推迟蓝宝石急流数据中心处理器。虽然这在华尔街被视为先进微设备公司 (AMD) 甚至英伟达 (NVDA) 从这家笨重的巨头手中夺取更多市场份额的又一次机会，但也至少让这位投资者想知道英特尔如何认为他们将很快达到这样的地步，即他们可以作为其他芯片设计商的全球代工厂与台积电等公司竞争。</blockquote></p><p> <b>Wall Street</b></p><p><blockquote><b>华尔街</b></blockquote></p><p> Of those few analysts that I mentioned who actually cover the name, only one reacted to this news. Susquehanna's five star (rated at TipRanks) analyst Mehdi Hosseini upgraded the name from \"Negative\" to \"Neutral\", while upping his target price from $85 to $105. The only other analyst with a recent target price is Jim Kelleher of Argus Research (also five stars). Kelleher initiated the name a week earlier as a \"Buy\" with a $150 target.</p><p><blockquote>在我提到的少数几个真正报道这个名字的分析师中，只有一个对这个消息做出了反应。Susquehanna 的五星级（TipRanks 评级）分析师 Mehdi Hosseini 将该名称从“负面”上调至“中性”，同时将目标价从 85 美元上调至 105 美元。最近唯一一位给出目标价的分析师是 Argus Research 的 Jim Kelleher（也是五星级）。Kelleher 一周前将其命名为“买入”，目标价为 150 美元。</blockquote></p><p> <b>The Chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/19c41db815e4b2cbbc0f31979123e544\" tg-width=\"700\" tg-height=\"530\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Readers will see that in late April, these shares managed to turn a descending triangle (which is a bearish pattern) into a flat basing pattern without ever allowing the triangle to close. Since bottoming, TSM has retaken both the 21 day EMA and the 50 day SMA, using the former as support on weakness just yesterday.</p><p><blockquote>读者会看到，在四月下旬，这些股票成功地将下降三角形（这是一个看跌模式）变成了平坦的基础模式，而从未让三角形关闭。自触底以来，TSM 收复了 21 日均线和 50 日移动平均线，并利用前者作为昨天疲软的支撑。</blockquote></p><p> <b>The Plan</b></p><p><blockquote><b>计划</b></blockquote></p><p> Regular followers well know that I have been hot for the semis for a good while now, in spite of, or rather because of the widely covered shortages that are creating significant pricing power.</p><p><blockquote>老粉丝们都知道，我对半决赛已经有一段时间了，尽管，或者更确切地说，是因为广泛覆盖的短缺正在创造巨大的定价能力。</blockquote></p><p> I am already long AMD, and Marvell Technology (MRVL) , both of whom have been solid investments. I am long Micron (MU) , which looked good until this week. I am long Nvidia which has simply been epic.</p><p><blockquote>我已经做多了 AMD 和 Marvell Technology (MRVL)，这两家公司都是可靠的投资。我是 long Micron (MU)，直到本周看起来还不错。我喜欢英伟达，这简直是史诗。</blockquote></p><p> I am also long semiconductor equipment names... Applied Materials (AMAT) , and Brooks Automation (BRKS) , two names that have been good, and meh, respectively. I probably have room for a large foundry that will probably make short work of Intel (my opinion) once Intel tries to move in on their business.</p><p><blockquote>我也是长半导体设备名称……Applied Materials (AMAT) 和 Brooks Automation (BRKS)，这两个名字都不错，分别是 meh。我可能有空间容纳一家大型代工厂，一旦英特尔试图涉足他们的业务，它可能会做英特尔的短期工作（我的观点）。</blockquote></p><p> I think TSM is ripe for entry, perhaps to the tune of 1/8 of intended position size. I would expect to add a second tranche of 1/8 at either a test of the 21 day EMA or a retaking of the $122 level, which is our pivot. Our target price upon taking that pivot will be $144, while for now (after purchasing these shares), I will go with a panic point of $110 (8% discount to initial entry).</p><p><blockquote>我认为TSM进入的时机已经成熟，可能是预期头寸规模的1/8。我预计在测试 21 日均线或收复 122 美元水平（这是我们的支点）时，会增加第二批 1/8。我们采取该枢轴时的目标价将是 144 美元，而目前（购买这些股票后），我将选择 110 美元的恐慌点（初始入场 8% 折扣）。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Taiwan Semiconductor Is Ripe for Entry: Here's How I'm Playing It<blockquote>台积电进入的时机已经成熟：我是这样玩的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTaiwan Semiconductor Is Ripe for Entry: Here's How I'm Playing It<blockquote>台积电进入的时机已经成熟：我是这样玩的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-03 09:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <i>I've been hot for the semis for a good while now because of the widely covered shortages that are creating significant pricing power.</i> Thinking about... Taiwan Semiconductor (TSM) . Taiwan Semiconductor reports Q2 financial performance in two weeks, on July 16th. Currently, Wall Street is looking for EPS of $0.93, without much divergence in opinion. This name is not as highly followed across the community of analysts. I can only find four analysts that have gone as far as to make quarterly projections, six that have made annual projections, and just two that have really stuck their necks out and stated a price target at any point in the past six months.</p><p><blockquote><i>我对半决赛很感兴趣已经有一段时间了，因为广泛覆盖的短缺创造了巨大的定价能力。</i>想着……台积电（TSM）。台积电将于 7 月 16 日公布两周后的第二季度财务业绩。目前，华尔街正在寻找0.93美元的每股收益，意见没有太大分歧。这个名字在分析师群体中并不那么受欢迎。我只能找到四位分析师做出了季度预测，六位做出了年度预测，只有两位真正挺身而出，在过去六个月的任何时候都设定了目标价。</blockquote></p><p> The range of EPS expectations for Q2 EPS for TSM, across those four analysts is just $0.91 to $0.95. Wall Street is looking for approximately $13.2 billion in revenue generation for the quarter, which would be year over year sales growth of about 27%. This would be an acceleration in sales growth for a second consecutive quarter.</p><p><blockquote>这四位分析师对 TSM 第二季度每股收益的预期范围仅为 0.91 美元至 0.95 美元。华尔街预计本季度收入约为 132 亿美元，同比销售额增长约 27%。这将是连续第二个季度销售增长加速。</blockquote></p><p> <b>This Week</b></p><p><blockquote><b>本周</b></blockquote></p><p> It was Tuesday. DigiTimes reports that Taiwan Semiconductor is expected to record record revenues for June, due to shipments of iPhones showing up in the data. Apparently, reduced purchases by client Bitmain, as China bans Bitcoin mining had not taken the toll on TSM sales as some had expected. Demand for 5nm and 7nm processors had offset the loss of that mining business as the firm shipped chips for Apple's (AAPL) smartphones in time to appear in June's numbers. The expectation is that the firm stays on course for 20% sales growth for the fiscal year, and that June could be flat from May (which is a good thing).</p><p><blockquote>那天是星期二。DigiTimes报道称，由于数据中显示了iPhone的出货量，台积电预计将在6月份创下创纪录的收入。显然，由于中国大陆禁止比特币采矿，客户比特大陆减少了购买量，并没有像一些人预期的那样对 TSM 的销售造成影响。对 5 纳米和 7 纳米处理器的需求抵消了该采矿业务的损失，因为该公司及时为苹果 (AAPL) 智能手机发货了芯片，并出现在 6 月份的数据中。预计该公司本财年销售额将保持 20% 的增长，并且 6 月份可能与 5 月份持平（这是一件好事）。</blockquote></p><p> Early this (Friday) morning, news broke that Apple and Intel (INTC) will be the first customers to test TSM's 3nm production technology, which if all goes well, deploys toward the back half of 2022. Nikkei Asia reports that Intel is planning at least two projects to design CPUs for notebooks and data centers around the new 3nm chips.</p><p><blockquote>今天（周五）凌晨，有消息称苹果和英特尔（INTC）将成为首批测试TSM 3nm生产技术的客户，如果一切顺利，该技术将于2022年下半年部署。《日经亚洲》报道称，英特尔正在规划至少两个项目，围绕新的3nm芯片为笔记本电脑和数据中心设计CPU。</blockquote></p><p> Just a quick tutorial. TSM's 5nm chips are the most advanced chips available and if you have an iPhone 12, you have one of these chips. TSM is indicating that the new 3nm chips will offer a 10% to 15% boost to computing performance compared to the current 5nm product, while also reducing power consumption by 25% to 30%.</p><p><blockquote>只是一个快速教程。TSM的5纳米芯片是目前最先进的芯片，如果你有一部iPhone 12，你就有了其中一个芯片。TSM表示，与当前的5nm产品相比，新的3nm芯片将使计算性能提高10%至15%，同时还将功耗降低25%至30%。</blockquote></p><p> As an aside, Intel announced the delay of the Sapphire Rapids data center processor earlier this week. While this is seen around Wall Street as yet another chance for Advanced Micro Devices (AMD) , and even Nvidia (NVDA) , to tackle even more market share away from the lumbering giant, but also makes at least this investor wonder just how Intel thinks they are going to get to a point anytime soon where they can compete with the likes of Taiwan Semiconductor as a global foundry to other chip designers.</p><p><blockquote>顺便说一句，英特尔本周早些时候宣布推迟蓝宝石急流数据中心处理器。虽然这在华尔街被视为先进微设备公司 (AMD) 甚至英伟达 (NVDA) 从这家笨重的巨头手中夺取更多市场份额的又一次机会，但也至少让这位投资者想知道英特尔如何认为他们将很快达到这样的地步，即他们可以作为其他芯片设计商的全球代工厂与台积电等公司竞争。</blockquote></p><p> <b>Wall Street</b></p><p><blockquote><b>华尔街</b></blockquote></p><p> Of those few analysts that I mentioned who actually cover the name, only one reacted to this news. Susquehanna's five star (rated at TipRanks) analyst Mehdi Hosseini upgraded the name from \"Negative\" to \"Neutral\", while upping his target price from $85 to $105. The only other analyst with a recent target price is Jim Kelleher of Argus Research (also five stars). Kelleher initiated the name a week earlier as a \"Buy\" with a $150 target.</p><p><blockquote>在我提到的少数几个真正报道这个名字的分析师中，只有一个对这个消息做出了反应。Susquehanna 的五星级（TipRanks 评级）分析师 Mehdi Hosseini 将该名称从“负面”上调至“中性”，同时将目标价从 85 美元上调至 105 美元。最近唯一一位给出目标价的分析师是 Argus Research 的 Jim Kelleher（也是五星级）。Kelleher 一周前将其命名为“买入”，目标价为 150 美元。</blockquote></p><p> <b>The Chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/19c41db815e4b2cbbc0f31979123e544\" tg-width=\"700\" tg-height=\"530\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Readers will see that in late April, these shares managed to turn a descending triangle (which is a bearish pattern) into a flat basing pattern without ever allowing the triangle to close. Since bottoming, TSM has retaken both the 21 day EMA and the 50 day SMA, using the former as support on weakness just yesterday.</p><p><blockquote>读者会看到，在四月下旬，这些股票成功地将下降三角形（这是一个看跌模式）变成了平坦的基础模式，而从未让三角形关闭。自触底以来，TSM 收复了 21 日均线和 50 日移动平均线，并利用前者作为昨天疲软的支撑。</blockquote></p><p> <b>The Plan</b></p><p><blockquote><b>计划</b></blockquote></p><p> Regular followers well know that I have been hot for the semis for a good while now, in spite of, or rather because of the widely covered shortages that are creating significant pricing power.</p><p><blockquote>老粉丝们都知道，我对半决赛已经有一段时间了，尽管，或者更确切地说，是因为广泛覆盖的短缺正在创造巨大的定价能力。</blockquote></p><p> I am already long AMD, and Marvell Technology (MRVL) , both of whom have been solid investments. I am long Micron (MU) , which looked good until this week. I am long Nvidia which has simply been epic.</p><p><blockquote>我已经做多了 AMD 和 Marvell Technology (MRVL)，这两家公司都是可靠的投资。我是 long Micron (MU)，直到本周看起来还不错。我喜欢英伟达，这简直是史诗。</blockquote></p><p> I am also long semiconductor equipment names... Applied Materials (AMAT) , and Brooks Automation (BRKS) , two names that have been good, and meh, respectively. I probably have room for a large foundry that will probably make short work of Intel (my opinion) once Intel tries to move in on their business.</p><p><blockquote>我也是长半导体设备名称……Applied Materials (AMAT) 和 Brooks Automation (BRKS)，这两个名字都不错，分别是 meh。我可能有空间容纳一家大型代工厂，一旦英特尔试图涉足他们的业务，它可能会做英特尔的短期工作（我的观点）。</blockquote></p><p> I think TSM is ripe for entry, perhaps to the tune of 1/8 of intended position size. I would expect to add a second tranche of 1/8 at either a test of the 21 day EMA or a retaking of the $122 level, which is our pivot. Our target price upon taking that pivot will be $144, while for now (after purchasing these shares), I will go with a panic point of $110 (8% discount to initial entry).</p><p><blockquote>我认为TSM进入的时机已经成熟，可能是预期头寸规模的1/8。我预计在测试 21 日均线或收复 122 美元水平（这是我们的支点）时，会增加第二批 1/8。我们采取该枢轴时的目标价将是 144 美元，而目前（购买这些股票后），我将选择 110 美元的恐慌点（初始入场 8% 折扣）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://realmoney.thestreet.com/investing/taiwan-semiconductor-is-ripe-for-entry-here-s-how-i-m-playing-it-15702133?puc=yahoo&cm_ven=YAHOO\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技","NVDA":"英伟达","AMAT":"应用材料","INTC":"英特尔","TSM":"台积电","AMD":"美国超微公司","MU":"美光科技","AAPL":"苹果"},"source_url":"https://realmoney.thestreet.com/investing/taiwan-semiconductor-is-ripe-for-entry-here-s-how-i-m-playing-it-15702133?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104835932","content_text":"I've been hot for the semis for a good while now because of the widely covered shortages that are creating significant pricing power.\n\nThinking about... Taiwan Semiconductor (TSM) . Taiwan Semiconductor reports Q2 financial performance in two weeks, on July 16th. Currently, Wall Street is looking for EPS of $0.93, without much divergence in opinion. This name is not as highly followed across the community of analysts. I can only find four analysts that have gone as far as to make quarterly projections, six that have made annual projections, and just two that have really stuck their necks out and stated a price target at any point in the past six months.\nThe range of EPS expectations for Q2 EPS for TSM, across those four analysts is just $0.91 to $0.95. Wall Street is looking for approximately $13.2 billion in revenue generation for the quarter, which would be year over year sales growth of about 27%. This would be an acceleration in sales growth for a second consecutive quarter.\nThis Week\nIt was Tuesday. DigiTimes reports that Taiwan Semiconductor is expected to record record revenues for June, due to shipments of iPhones showing up in the data. Apparently, reduced purchases by client Bitmain, as China bans Bitcoin mining had not taken the toll on TSM sales as some had expected. Demand for 5nm and 7nm processors had offset the loss of that mining business as the firm shipped chips for Apple's (AAPL) smartphones in time to appear in June's numbers. The expectation is that the firm stays on course for 20% sales growth for the fiscal year, and that June could be flat from May (which is a good thing).\nEarly this (Friday) morning, news broke that Apple and Intel (INTC) will be the first customers to test TSM's 3nm production technology, which if all goes well, deploys toward the back half of 2022. Nikkei Asia reports that Intel is planning at least two projects to design CPUs for notebooks and data centers around the new 3nm chips.\nJust a quick tutorial. TSM's 5nm chips are the most advanced chips available and if you have an iPhone 12, you have one of these chips. TSM is indicating that the new 3nm chips will offer a 10% to 15% boost to computing performance compared to the current 5nm product, while also reducing power consumption by 25% to 30%.\nAs an aside, Intel announced the delay of the Sapphire Rapids data center processor earlier this week. While this is seen around Wall Street as yet another chance for Advanced Micro Devices (AMD) , and even Nvidia (NVDA) , to tackle even more market share away from the lumbering giant, but also makes at least this investor wonder just how Intel thinks they are going to get to a point anytime soon where they can compete with the likes of Taiwan Semiconductor as a global foundry to other chip designers.\nWall Street\nOf those few analysts that I mentioned who actually cover the name, only one reacted to this news. Susquehanna's five star (rated at TipRanks) analyst Mehdi Hosseini upgraded the name from \"Negative\" to \"Neutral\", while upping his target price from $85 to $105. The only other analyst with a recent target price is Jim Kelleher of Argus Research (also five stars). Kelleher initiated the name a week earlier as a \"Buy\" with a $150 target.\nThe Chart\n\nReaders will see that in late April, these shares managed to turn a descending triangle (which is a bearish pattern) into a flat basing pattern without ever allowing the triangle to close. Since bottoming, TSM has retaken both the 21 day EMA and the 50 day SMA, using the former as support on weakness just yesterday.\nThe Plan\nRegular followers well know that I have been hot for the semis for a good while now, in spite of, or rather because of the widely covered shortages that are creating significant pricing power.\nI am already long AMD, and Marvell Technology (MRVL) , both of whom have been solid investments. I am long Micron (MU) , which looked good until this week. I am long Nvidia which has simply been epic.\nI am also long semiconductor equipment names... Applied Materials (AMAT) , and Brooks Automation (BRKS) , two names that have been good, and meh, respectively. I probably have room for a large foundry that will probably make short work of Intel (my opinion) once Intel tries to move in on their business.\nI think TSM is ripe for entry, perhaps to the tune of 1/8 of intended position size. I would expect to add a second tranche of 1/8 at either a test of the 21 day EMA or a retaking of the $122 level, which is our pivot. Our target price upon taking that pivot will be $144, while for now (after purchasing these shares), I will go with a panic point of $110 (8% discount to initial entry).","news_type":1,"symbols_score_info":{"MU":0.9,"MRVL":0.9,"AAPL":0.9,"NVDA":0.9,"AMAT":0.9,"BRKS":0.9,"TSM":0.9,"INTC":0.9,"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":596,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/152123277"}
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