Taiwan Semiconductor is down 33% in 2022, but rising estimate revisions make the stock worth a look. TSM has served about 535 customers and manufactured 12,302 products for various applications covering a variety of end markets including smartphones, high performance computing, IoT, automotive, and digital consumer electronics.

Taiwan Semiconductors’ integrated circuit foundry business includes process technology, design ecosystem support, mask technology, advanced packaging, and silicon stacking technology. Taiwan Semiconductor is the world’s largest dedicated integrated circuit foundry. Taiwan Semiconductors doesn’t need too much of an introduction, as it was an investor favorite among semis less than a year ago. Rambus has also posted an earnings surprise for seven consecutive quarters. Rambus’ positive estimate revisions have landed RMBS a Zacks Rank # 1 (Strong Buy). Rambus sales are projected to be up 22% this year and another 6% in FY23 to $590.9 million. Fiscal 2023 earnings are expected to rise another 3%. Better still, RMBS is trading at a discount to its five-year median of 18X and well off its highs during this stretch of 29.7X.Īccording to Zacks estimates, RMBS earnings are expected to jump 20% at $1.64 a share in 2022. This is near its industry average of 14X, and below the S&P 500’s average of 17X. Rambus stock is 27% off its 52-week highs, trading around $24 a share.

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