Should Investors Trust The Upside Potential In Taiwan Semiconductor Manufacturing ADR (TSM)?

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) currently has a daily average trading volume of 15.20M but it saw 16415257 shares traded in last market. With a market cap of 1041.64B USD, the company’s current market price of $200.86 came rising about 1.20 while comparing to the previous closing price of $198.48. In past 52 weeks, the stock remained buoying in the range of price level as high as $212.60 and as low as $84.95. In the recent trading on the day, stock has struck highest price mark of $196.23 while lowest mark touched by it was $203.13.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Hold” in its note to investors issued on July 18, 2024, recommending a price target of between $130 and $170 for it. TD Cowen also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $100 and $130.

Over the week, TSM’s stock price is moving 7.14% up while it is 10.38% when we observe its performance for the past one month. Year-to-date it is 93.13% up and over the past year, the stock is showing an upside performance of 120.46%.

Currently, Taiwan Semiconductor Manufacturing ADR’s total number of outstanding shares is 5.19B. Company’s return on investment (ROI) stands at 20.92% and return on equity (ROE) at 28.19%. It has a price to earnings ratio (P/E ratio) of 32.16 while having a 22.21 of forward P/E ratio. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 8.91 while price to sale or P/S ratio amounts to 12.58. Its return on asset (ROA) is 17.76% on average.