Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) Expected To Rise 17.11% To Meet The Consensus Price Target

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) has a beta value of 1.15 and has seen 21.81 million shares traded in the last trading session. The company, currently valued at $859.80B, closed the last trade at $165.77 per share which meant it lost -$6.1 on the day or -3.55% during that session. The TSM stock price is -16.71% off its 52-week high price of $193.47 and 49.32% above the 52-week low of $84.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.43 million shares traded. The 3-month trading volume is 15.70 million shares.

The consensus among analysts is that Taiwan Semiconductor Manufacturing ADR (TSM) is Buy stock at the moment, with a recommendation rating of 1.39. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.

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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information

Sporting -3.55% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TSM stock price touched $165.77 or saw a rise of 12.78%. Year-to-date, Taiwan Semiconductor Manufacturing ADR shares have moved 59.39%, while the 5-day performance has seen it change -11.52%. Over the past 30 days, the shares of Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) have changed -7.75%. Short interest in the company has seen 31.12 million shares shorted with days to cover at 1.79.

Wall Street analysts have a consensus price target for the stock at $200, which means that the shares’ value could jump 17.11% from current levels. The projected low price target is $125 while the price target rests at a high of $210. In that case, then, we find that the current price level is -26.68% off the targeted high while a plunge would see the stock lose 24.59% from current levels.

Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts

Figures show that Taiwan Semiconductor Manufacturing ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 46.66% over the past 6 months, with this year growth rate of 21.04%, compared to 21.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.23% over the past 5 years. Earnings growth for 2024 is a modest 24.57% while over the next 5 years, the company’s earnings are expected to increase by 21.50%.

TSM Dividends

Taiwan Semiconductor Manufacturing ADR is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.03 at a share yield of 1.23%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.19%.

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

The top two institutional holders are SANDERS CAPITAL, LLC with over 42.94 million shares worth more than $5.84 billion. As of 2024-03-31, SANDERS CAPITAL, LLC held 0.828% of shares outstanding.

The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 42.06 million shares as of 2024-03-31. The firm’s total holdings are worth over $5.72 billion and represent 0.8111% of shares outstanding.