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Technology Stocks : Semi Equipment Analysis
SOXX 360.46+2.7%Jan 28 4:00 PM EST

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To: Kirk © who wrote (58289)11/28/2012 3:25:38 PM
From: Donald Wennerstrom  Read Replies (1) of 95790
 
TSM stock price has been very strong since the week ending 20 July when it closed at 12.65. Then during the week closing 27 July the stock price was 13.68. A full dollar plus gain based on their 2Q earnings report. Starting at the week closing 20 July, the stock price has been trending upward for the last 19 weeks including this week where it is now trading at 16.83(+33%).

With this nice gain in stock price, one would have expected a nice gain in earnings estimates for 2012 and 2013 as well. Not so - estimates on 20 July were 1.04 and 1.12. Today the estimates are 1.07 and 1.09. The fiscal year for 2012 for TSM closes at the end of December. Maybe the good news from the analysts will be factored in at that time.
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