Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript Summary

/ / Technology /

The following is a summary of the Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript: Financial Performance: TSMC reported Q4 revenue increase of 14.4% sequentially in NT dollar or 13.6% in U.S. dollars due to ramp up of 3-nanometer technology. Gross and operating margins decreased to 53% and 41.6% respectively, primarily due to margin dilution from 3-nanometer ramp. Full year 2023 saw a decrease in revenue by 8.7% in US dollar terms to US$69 billion. Cash and marketable securities at the end of Q4 stood at NT$1.7 trillion or US$55 billion. Capital expenditures were US$30.45 billion, generating NT$1.7 trillion in operating cash flow and NT$292 billion in free cash flow. In 2024, TSMC’s capital budget is expected to be between US$28 billion and US$32 billion, with capital expenditures expected to increase around 30% YoY. Q1 2024 revenue is anticipated to be between US$18 billion and US$18.8 billion, […]

Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript Summary Read Post »

Truist Financial Finl Q4 Adj. EPS $0.81 Misses $0.89 Estimate, Sales $5.76B Beat $5.69B Estimate

/ / Financials /

Truist Financial (NYSE:TFC) reported quarterly adjusted earnings of $0.81 per share which missed the analyst consensus estimate of $0.89 by 8.99 percent. This is a 37.69 percent decrease over earnings of $1.30 per share from the same period last year. The company reported quarterly sales of $5.76 billion which beat the analyst consensus estimate of $5.69 billion by 1.23 percent. This is a 7.22 percent decrease over sales of $6.21 billion the same period last year.

Truist Financial Finl Q4 Adj. EPS $0.81 Misses $0.89 Estimate, Sales $5.76B Beat $5.69B Estimate Read Post »

Target Announces Michael Fiddelke as Chief Operating Officer

/ / Consumer Discretionary /

Target Announces Michael Fiddelke as Chief Operating Officer PR Newswire MINNEAPOLIS, Jan. 18, 2024 Retailer also shares retirement plans for Don Liu and updates to merchandising leadership MINNEAPOLIS, Jan. 18, 2024 /PRNewswire/ — Target Corporation (NYSE: TGT) today announced that Michael Fiddelke, who has served as the retailer’s chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retailer’s nearly 2,000 stores, its global supply chain network, fulfillment services including same-day delivery with Shipt, network capacity planning, enterprise operations, the teams responsible for building and remodeling Target stores and other facilities, and flight services. “With his 20 years with the company, spanning roles across our business and most recently as our chief financial officer, Michael brings a diverse

Target Announces Michael Fiddelke as Chief Operating Officer Read Post »

Wells Fargo (NYSE:WFC) Stock Analyst Ratings

/ / Financials /

Wells Fargo (NYSE:WFC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 4.92% Odeon Capital → $48.8 Downgrades Buy → Hold 01/16/2024 7.5% Piper Sandler $51 → $50 Maintains Neutral 01/16/2024 24.7% Raymond James $55 → $58 Maintains Strong Buy 01/09/2024 9.65% Deutsche Bank → $51 Downgrades Buy → Hold 01/08/2024 18.25% Baird → $55 Downgrades Outperform → Neutral 01/02/2024 41.9% Barclays $54 → $66 Maintains Overweight 12/14/2023 20.58% Odeon Capital → $56.08 Upgrades Hold → Buy 12/08/2023 1.05% Piper Sandler $45 → $47 Maintains Neutral 12/06/2023 18.25% Raymond James $52 → $55 Maintains Strong Buy 12/04/2023 16.1% Morgan Stanley $52 → $54 Maintains Overweight 12/01/2023 7.5% Goldman Sachs $45 → $50 Maintains Buy 10/16/2023 16.1% BMO Capital $52 → $54 Maintains Market Perform 09/22/2023 -5.4% Deutsche Bank $44 → $44 Reiterates Buy → Buy 09/07/2023 -3.25% HSBC → $45 Initiates Coverage

Wells Fargo (NYSE:WFC) Stock Analyst Ratings Read Post »

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings

/ / Technology /

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 13.71% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 3.7% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -14.18% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 14.43% Citigroup $275 → $320 Maintains Buy 01/09/2024 8.71% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 7.28% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 12.64% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 16.22% Needham $250 → $325 Maintains Buy 12/15/2023 -3.45% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -1.66% Mizuho $225 → $275 Maintains Buy 12/11/2023 -3.81% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -20.62% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -17.75% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -19.54% Mizuho $205 → $225 Maintains Buy 11/29/2023

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Read Post »

ServiceNow (NYSE:NOW) Stock Analyst Ratings

/ / Technology /

ServiceNow (NYSE:NOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 7.09% Oppenheimer $750 → $800 Maintains Outperform 01/16/2024 -6.3% Truist Securities $575 → $700 Maintains Hold 01/11/2024 -0.95% Stifel $650 → $740 Maintains Buy 12/06/2023 3.07% Argus Research $675 → $770 Maintains Buy 11/30/2023 -2.95% Wells Fargo $675 → $725 Maintains Overweight 11/09/2023 -8.98% RBC Capital $665 → $680 Maintains Outperform 10/26/2023 -12.99% Stifel $640 → $650 Maintains Buy 10/26/2023 -17.01% Piper Sandler $600 → $620 Maintains Overweight 10/26/2023 -15.67% BMO Capital $615 → $630 Maintains Outperform 10/26/2023 -9.65% Wells Fargo $650 → $675 Maintains Overweight 10/26/2023 -13.26% Morgan Stanley $630 → $648 Maintains Overweight 10/26/2023 -11.65% Needham → $660 Reiterates Buy → Buy 10/24/2023 -23.03% Truist Securities → $575 Reiterates Hold → Hold 10/24/2023 -17.68% BMO Capital $630 → $615 Maintains Outperform 10/19/2023 -12.06% Guggenheim → $657 Reiterates Buy →

ServiceNow (NYSE:NOW) Stock Analyst Ratings Read Post »

Corporate Activity Will Pick Up This Year, Says Morgan Stanley CEO

/ / Financials /

Corporate activity is likely to pick up this year, but don’t expect a sudden surge in deals just yet, Morgan Stanley CEO Ted Pick said in an interview with CNBC at Davos. There’s a ton of activity buzz so deal’s are going to happen, he said. People want to scale up and there’s a backlog of sponsor activity, so Pick thinks the pace of activity in the advisory business in particular is going to quicken, especially in the mid- to large-caps. “It’s not going to bang, but once people start getting going, I think we’re going to see a bunch of it.” He added that the U.S. is probably past peak inflation and it’s not inconceivable that the Federal Reserve cuts faster than current market pricing.

Corporate Activity Will Pick Up This Year, Says Morgan Stanley CEO Read Post »

Tesla (NASDAQ:TSLA) Stock Analyst Ratings

/ / Consumer Discretionary /

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 14.58% Barclays $260 → $250 Maintains Equal-Weight 01/16/2024 60.42% Wedbush → $350 Reiterates Outperform → Outperform 01/02/2024 — Oppenheimer Reiterates → Perform 12/27/2023 74.17% Morgan Stanley $380 → $380 Reiterates Overweight → Overweight 12/22/2023 37.5% RBC Capital → $300 Reiterates Outperform → Outperform 12/22/2023 60.42% Wedbush $310 → $350 Maintains Outperform 12/18/2023 37.5% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -39.5% Guggenheim $125 → $132 Maintains Sell 12/14/2023 19.17% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 37.5% CFRA → $300 Maintains Buy 12/01/2023 37.96% RBC Capital → $301 Maintains Outperform 12/01/2023 7.71% Goldman Sachs $235 → $235 Maintains Neutral 12/01/2023 42.08% Wedbush → $310 Reiterates Outperform → Outperform 11/30/2023 74.17% Morgan Stanley $380 → $380 Maintains Overweight 11/30/2023 3.58% Truist Securities $226 → $226 Maintains Hold 11/28/2023 42.08% Wedbush

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Read Post »

Earnings Reports Spark Downgrades of Wells Fargo and Morgan Stanley as Analysts See Headwinds

/ / Financials /

By Steve Gelsi Odeon Capital cuts Wells Fargo to hold from buy on ‘margin problem,’ while Morgan Stanley gets downgraded to market perform by KBW on wealth-management transition Wells Fargo & Co. and Morgan Stanley have picked up separate downgrades as analysts sift through fourth-quarter earning updates in the face of headwinds tied to the cost of deposits and retooling at the two big banks. Odeon Capital on Thursday downgraded Wells Fargo & Co.’s stock (WFC) to hold from buy as the bank faces challenges posed by a lack of growth in loans and difficulty attracting deposits, analyst Dick Bove said in a research note. “This is a ‘wait until next year’ story,” Bove said. “The bank is well-managed and taking the right steps to position itself for the intermediate and longer term.” Wells Fargo’s stock was down by 0.2% in premarket trading on Thursday. It reported higher fourth-quarter profit

Earnings Reports Spark Downgrades of Wells Fargo and Morgan Stanley as Analysts See Headwinds Read Post »

Goldman Sachs (NYSE:GS) Stock Analyst Ratings

/ / Financials /

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 -4.6% BMO Capital $357 → $360 Maintains Market Perform 01/17/2024 16.6% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 30.11% Oppenheimer $481 → $491 Maintains Outperform 01/09/2024 16.6% UBS $382 → $440 Maintains Buy 01/09/2024 11.56% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 30.64% Barclays $437 → $493 Maintains Overweight 12/04/2023 -11.76% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 24.02% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 18.45% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 16.6% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 16.6% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -12.82% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 19.25% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 0.7% Citigroup $400 → $380 Maintains Neutral 09/12/2023 19.25% JMP Securities

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Read Post »

Scroll to Top