Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) In 2024: Will It Be Worth Investing In?

In today’s recent session, 6.86 million shares of the Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) have been traded, and its beta is 1.15. Most recently the company’s share price was $141.28, and it changed around $5.23 or 3.84% from the last close, which brings the market valuation of the company to $732.82B. TSM at last check was trading at a discount to its 52-week high of $158.40, offering almost -12.12% off that amount. The share price’s 52-week low was $81.21, which indicates that the recent value has risen by an impressive 42.52% since then. We note from Taiwan Semiconductor Manufacturing ADR’s average daily trading volume that its 10-day average is 13.02 million shares, with the 3-month average coming to 15.51 million.

Taiwan Semiconductor Manufacturing ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.32. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended TSM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Taiwan Semiconductor Manufacturing ADR is expected to report earnings per share of $1.31 for the current quarter.

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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information

Instantly TSM has been showing a green trend so far today with a performance of 3.84% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 35.85% year-to-date, but still up 0.53% over the last five days. On the other hand, Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) is 9.80% up in the 30-day period. We can see from the shorts that 24.01 million shares have been sold at a short interest cover period of 1.34 day(s).

The consensus price target as assigned by Wall Street analysts is $126, which translates to bulls needing to decrease their stock price by -12.13% from its current value. Analyst projections state that TSM is forecast to be at a low of $118 and a high of $135.

Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts

Taiwan Semiconductor Manufacturing ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 63.50 percent over the past six months and at a 18.92% annual growth rate that is well below the industry average of 19.00%. The year-over-year growth rate is expected to be 21.70%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $18.42 billion in revenue for the current quarter. 5 analysts expect Taiwan Semiconductor Manufacturing ADR to make $19.51 billion in revenue for the quarter ending Jun 2024. Forecasts for the next quarter put sales growth at 24.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.23%. Taiwan Semiconductor Manufacturing ADR earnings are expected to increase by 19.07% in 2024, but the outlook is positive 4.30% per year for the next five years.

TSM Dividends

Taiwan Semiconductor Manufacturing ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.37 percent and its annual dividend per share was 1.94. It is important to note, however, that the 1.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Taiwan Semiconductor Manufacturing ADR shares, and 17.27% of them are in the hands of institutional investors. The stock currently has a share float of 17.27%. Taiwan Semiconductor Manufacturing ADR stock is held by 2,385 institutions, with Sanders Capital, LLC being the largest institutional investor. By Dec 30, 2023, it held 0.86% of the shares, which is about 44.53 million shares worth $6.27 billion.

JP Morgan Chase & Company, with 0.80% or 41.29 million shares worth $5.81 billion as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

American Balanced Fund and VanEck ETF Trust-VanEck Semiconductor ETF were the top two Mutual Funds as of Dec 30, 2023. The former held 22.15 million shares worth $3.12 billion, making up 0.43% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Semiconductor ETF held roughly 10.88 million shares worth around $1.53 billion, which represents about 0.21% of the total shares outstanding.