In recent trading session, Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) saw 5.77 million shares changing hands at last check today with its beta currently measuring 1.14. Company’s recent per share price level of $172.43 trading at $2.46 or 1.44% at last check today assigns it a market valuation of $894.32B. That most recent trading price of TSM’s stock is at a discount of -12.2% from its 52-week high price of $193.47 and is indicating a premium of 51.28% from its 52-week low price of $84.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.12 million shares which gives us an average trading volume of 17.69 million if we extend that period to 3-months.
For Taiwan Semiconductor Manufacturing ADR (TSM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information
Upright in the green today for gaining 1.44%, in the last five days TSM remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $172.43 price level, adding 0.17% to its value on the day. Taiwan Semiconductor Manufacturing ADR’s shares saw a change of 65.79% in year-to-date performance and have moved 4.79% in past 5-day. Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) showed a performance of 0.72% in past 30-days. Number of shares sold short was 33.82 million shares which calculate 1.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 200 to the stock, which implies a rise of 13.78% to its recent value today. Analysts have been projecting 125 as a low price target for the stock while placing it at a high target of 210. It follows that stock’s current price would jump 27.51% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.51% for stock’s current value.
Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts
Statistics highlight that Taiwan Semiconductor Manufacturing ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.38% of value to its shares in past 6 months, showing an annual growth rate of 24.32% while that of industry is 24.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 18.23% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 25.39% while estimates for its earnings growth in next 5 years are of 21.50%.
TSM Dividends
Taiwan Semiconductor Manufacturing ADR is more likely to be releasing its next quarterly report in September and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.18%, the share has a forward dividend of 2.03 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.16%.
Taiwan Semiconductor Manufacturing ADR (NYSE:TSM)’s Major holders
FMR LLC is the top institutional holder at TSM for having 46.59 million shares of worth $6.34 billion. And as of 2024-03-31, it was holding 0.8983 of the company’s outstanding shares.
The second largest institutional holder is SANDERS CAPITAL, LLC, which was holding about 42.94 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.828 of outstanding shares, having a total worth of $5.84 billion.
On the other hand, American Balanced Fund and VanEck ETF Trust-VanEck Semiconductor ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 25.71 shares of worth $4.45 billion or 0.50% of the total outstanding shares. The later fund manager was in possession of 17.71 shares on Jul 31, 2024, making its stake of worth around $3.06 billion in the company or a holder of 0.34% of company’s stock.
