Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) currently has a daily average trading volume of 11.01M but it saw 6755935 shares traded on Tuesday. With a market cap of 383.80B USD, the company’s enterprise value now stands nearly at $365.58B. Stock’s current market price of $79.41 came falling about -0.97 while comparing to the previous closing price of $80.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $84.00 and as low as $40.86. In the recent trading on the day, stock has struck highest price mark of $80.82 while lowest mark touched by it was $79.25.
Taking a look at 20-day trading activity of Taiwan Semiconductor Manufacturing Company Limited (TSM) gives us an average price of $78.31, while its current price level is -5.46% below from 52-week high level whereas it is 94.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $67.25 while that of 200 days or SMA-200 reads an average of $57.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.80% during that period while stretching the period over a month that increases to 2.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.59 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 30 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 4 are advising it as an Overweight. 21 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Credit Suisse which upgraded the stock as “Outperform” in its note to investors issued on July 27, 2020, recommending a price target of for it. Macquarie upgraded its recommendation for the stock as a “Outperform” from “Neutral” on July 24, 2020 while assigning a price target of. CLSA also issued its recommendations for the stock as it upgraded the price target for the stock is.
Over the week, TSM’s stock price is moving 1.89% up while it is 18.72% when we observe its performance for the past one month. Year-to-date it is 36.68% up and over the past year, the stock is showing an upside performance of 90.07%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of $0.78 beat the consensus estimate of $0.77 for the same. The company is expected to be releasing its next quarterly report in 10/15/2020, for which analysts forecasted an EPS of $0.77 while estimate for next year EPS is $2.88. For TSM, analysts are forecasting an EPS-growth rate of 34.00% for current year and estimate for EPS growth in next year is 4.50%. In next quarter, company is expected to be making quarterly sales of $11.39 billion as analysts are expecting the sales for current fiscal year at $44.17 billion and seeing the company making $47.85 billion in sales next year. Moreover, analysts are in estimates of $11.6 billion for current-quarter revenue.
Currently, Taiwan Semiconductor Manufacturing Company Limited’s total number of outstanding shares is 5.19B with 0.00% of that held by the insiders while 19.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 18.10% and return on equity (ROE) at 21.50%. It has a price to earnings ratio (P/E ratio) of 26.64 while having a 26.34 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 7.23 while price to sale or P/S ratio amounts to 9.17. Its return on asset (ROA) is 15.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Balanced Fund came shrinking its share ownership by -40.79% in the Taiwan Semiconductor Manufacturing Company Limited (TSM) decreasing its stake to 0.63% with control over -22.57 million shares in the company. As per SEC documents, American Balanced Fund shunned 32,760,100 of company’s common stock of worth $2.58 billion as per recent closing price of the stock. American Balanced Fund is not the only institutional holder which restructured its stake in Taiwan Semiconductor Manufacturing Company Limited, as Vanguard Emerging Markets Stock I dumped 22,045,339 shares of worth $1.74 billion to bring its holdings to a total of -1.41 million shares. In the most recent quarter, Vanguard Wellington Fund came rising its stake by 6.34% in the company and now holds 20.85 million or 0.40% of the company’s stake having worth of about 1.65 billion.