In the latest trading session, 4.67 million Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $113.21 changed hands at -$0.93 or -0.81% at last look, the market valuation stands at $557.79B. TSM’s current price is a discount, trading about -25.61% off its 52-week high of $142.20. The share price had its 52-week low at $55.32, which suggests the last value was 51.14% up since then. When we look at Taiwan Semiconductor Manufacturing Company Limited’s average trading volume, we note the 10-day average is 9.18 million shares, with the 3-month average coming to 9.41 million.
Analysts gave the Taiwan Semiconductor Manufacturing Company Limited (TSM) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 1 out of 35 analysts rate the stock as a Sell, with a further 6 assigning it an Overweight rating. Of the remaining, 4 recommended TSM as a Hold, 24 felt it is a Buy and 0 rated the stock as Underweight. Taiwan Semiconductor Manufacturing Company Limited’s EPS for the current quarter is expected to be $0.91.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) trade information
Instantly TSM was in red as seen in intraday trades today. With action -5.66%, the performance over the past five days has been red. The drop to weekly highs of 120.24 on Monday, 06/21/21 subtracted -0.81% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.68%, with the 5-day performance at -5.66% in the red. However, in the 30-day time frame, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is 0.76% up. Looking at the short shares, we see there were 13.34 million shares sold at short interest cover period of 1.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is $144.90, meaning bulls need an upside of 21.87% from its recent market value. According to analyst projections, TSM’s forecast low is $85.00 with $200.00 as the target high. To hit the forecast high, the stock’s price needs a -76.66% plunge from its current level, while the stock would need to tank 24.92% for it to hit the projected low.
Taiwan Semiconductor Manufacturing Company Limited (TSM) estimates and forecasts
Data shows that the Taiwan Semiconductor Manufacturing Company Limited share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 9.86% over the past 6 months, a 20.06% in annual growth rate that is considerably lower than the industry average of 20.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Taiwan Semiconductor Manufacturing Company Limited will rise 16.70%, while the growth in revenue is estimated to hit 11.10% for the next quarter. Year-over-year growth is forecast to reach 22.70% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $13.05 billion. 4 analysts are of the opinion that Taiwan Semiconductor Manufacturing Company Limited’s revenue for the quarter ending Sep 2021 will be $14.24 billion. The company’s revenue for the corresponding quarters a year ago was $10.38 billion and $12.14 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.60%. The estimates for the next quarter sales put growth at 17.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.10%. The 2021 estimates are for Taiwan Semiconductor Manufacturing Company Limited earnings to increase by 50.00%, but the outlook for the next 5-year period is at 15.90% per year.
Taiwan Semiconductor Manufacturing Company Limited is expected to release its next quarterly earnings report in July. The 1.53% annual yield figure for the share gives it an annual dividend of 1.75. It is important to note, however, that the 1.53% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.98 per year.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.01% of Taiwan Semiconductor Manufacturing Company Limited shares while 17.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.75%. There are 17.74% institutions holding the Taiwan Semiconductor Manufacturing Company Limited stock share, with Sanders Capital, Llc the top institutional holder. As of Mar 30, 2021, the company held 0.75% of the shares, roughly 39.04 million TSM shares worth $4.62 billion.
Capital World Investors holds the second largest percentage of outstanding shares, with 0.70% or 36.28 million shares worth $4.29 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were American Balanced Fund and Vanguard International Stock Index-Emerging Markets Stk. With 29.76 million shares estimated at $3.52 billion under it, the former controlled 0.57% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.38% of the shares, roughly 19.51 million shares worth around $2.37 billion.