Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) does about 16.02M shares in volume on a normal day but saw 18556792 shares change hands in Monday trading. The company now has a market cap of 673.01B USD. Its current market price is $129.75, marking an increase of 1.61% compared to the previous close of $127.70. The 52 week high reached by this stock is $158.40 whilst the lowest price level in 52 weeks is $81.21.
Taiwan Semiconductor Manufacturing ADR (TSM) has a 20-day trading average at $139.47 and the current price is -18.09% off the 52-week high compared with 59.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $136.49 and its 200-day simple moving average is $107.38. If we look at the stock’s price movements over the week, volatility stands at 3.56%, which decreases to 2.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 38.03 to suggest the stock is neutral.
The consensus objective for the share price is $151.71, suggesting that the stock has a potential upside of 14.47% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 18, 2024 when TD Cowen reiterated the stock to “Hold” and issued a price target of between $100 and $130. Needham reiterated its price target at $133-$168.
Taiwan Semiconductor Manufacturing ADR (TSM) stock is down -7.41% over the week and -6.96% over the past month. Its price is 24.76% year-to-date and 45.31% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of $1.38 above consensus estimates by $0.06. TSM’s earnings per share are forecast to grow by 20.80% this year and 24.40% over next year. Expected sales for next quarter are $22.25 billion, which analysts say will come at $84.24 billion for the current fiscal year and next year at $102.09 billion. In addition, estimates put the company’s current quarterly revenue at an average of $19.41 billion.
To reach the target analysts have set, the stock logically needs to grow 14.47 percent from here.
The company has a return on investment of 18.99% and return on equity of 25.38%. The price to earnings ratio (P/E ratio) amounts to 24.70 while the forward price to earnings ratio is 17.18. The beta has a value of 1.15. Price to book ratio is 5.97 and price to sales ratio is 9.43.
