On TSMC's earnings day, how I followed along using Hermes + Longbridge Skill
TSMC's earnings day, while scrolling through news saying net profit increased by 50% year-over-year, I still have no idea if the current valuation is expensive or cheap, or whether institutions are buying or selling. I used to have to open several windows and switch back and forth, which was a mess.
Recently, Hermes has become popular again, and I casually tried Longbridge Skill. Today's earnings day was the perfect time to give it a go.
First, Look at Quotes and Valuation
longbridge quote TSM.US longbridge calc-index TSM.US
Today's closing price was $375.1, with a slight pre-market pull to $377.5. On the valuation side: PE TTM 35.09, PB 11.23. For a company of TSMC's size (market cap nearing $2 trillion), a 35x PE isn't actually expensive—it was consistently in the low 20s before last year's AI demand surge, and the current premium is on CoWoS capacity.
💡 CoWoS is TSMC's AI chip packaging technology. CoWoS capacity is 35,000 wafers/month by the end of 2024, with a target to double to 80,000 wafers by the end of this year. NVIDIA is the biggest buyer, now accounting for over 20% of TSMC's revenue.
Trend: How Much Has It Rebounded Since the April 2nd Drop?
longbridge kline TSM.US --period day --count 10
It dropped to around $326 on April 2nd when the tariff policy was announced, and today it's at $375, a roughly +15% rebound in two weeks. Trading volume has also picked up, with over 16 million shares traded on April 8th alone, more than double a normal trading day.
How Are Institutions Moving?
longbridge shareholder TSM.US
In last quarter's disclosures, BlackRock increased its position by 19.72 million shares (holding 3.44%), Vanguard added 7.92 million shares (4.08%), while Capital Research actually reduced its holding by 1.05 million shares. The main direction is buying, which is still a positive signal.
You can also directly check:
longbridge investors BlackRock
Flipping through its 13F, the historical change in TSMC's weight within the portfolio is clear at a glance.
Actual Experience
I used to have to open several windows to piece together data on earnings days. Now, a few commands pull everything up, leaving time for Hermes to help you organize logic and ask questions, which is actually quite sufficient.
Of course, you still have to make your own judgment after the earnings report comes out; data is just the starting point. TSMC will release the full data after the market closes tonight. Those interested can watch with me.
$Taiwan Semiconductor(TSM.US)2x Long TSM ETF-Leverage Shares(TSMG.US)$2x Long TSMC ETF-Direxion(TSMX.US)
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