Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) – Time For Strategy Change?

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) currently has a daily average trading volume of 15.07M but it saw 9526655 shares traded in last market. With a market cap of 1008.55B USD, the company’s current market price of $194.48 came falling about -1.25 while comparing to the previous closing price of $196.94. 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 $192.61 while lowest mark touched by it was $195.45.

Taking a look at 20-day trading activity of Taiwan Semiconductor Manufacturing ADR (TSM) gives us an average price of $192.86, while its current price level is -8.52% below from 52-week high level whereas it is 128.93% 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 $179.53 while that of 200 days or SMA-200 reads an average of $156.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.20% during that period while stretching the period over a month that increases to 2.61%. 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 54.41 which implies that the stock is in neutral territory.

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 -3.18% down while it is 13.02% when we observe its performance for the past one month. Year-to-date it is 87.00% up and over the past year, the stock is showing an upside performance of 125.98%.

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 31.14 while having a 21.51 of forward P/E ratio. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 8.63 while price to sale or P/S ratio amounts to 12.18. Its return on asset (ROA) is 17.76% on average.