In today’s recent session, 4.85 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 $168.03, and it changed around -$2.52 or -1.48% from the last close, which brings the market valuation of the company to $871.42B. TSM at last check was trading at a discount to its 52-week high of $193.47, offering almost -15.14% off that amount. The share price’s 52-week low was $84.01, which indicates that the recent value has risen by an impressive 50.0% since then. We note from Taiwan Semiconductor Manufacturing ADR’s average daily trading volume that its 10-day average is 11.66 million shares, with the 3-month average coming to 17.52 million.
Taiwan Semiconductor Manufacturing ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.33. 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 1.79 for the current quarter.
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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information
Instantly TSM has been showing red trend so far today with a performance of -1.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 173.29 on recent trading dayincreased the stock’s daily price by 3.04%. The company’s shares are currently up 61.57% year-to-date, but still down -1.99% over the last five days. On the other hand, Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) is 8.73% up in the 30-day period. We can see from the shorts that 31.55 million shares have been sold at a short interest cover period of 1.44 day(s).
The consensus price target as assigned by Wall Street analysts is $200, which translates to bulls needing to increase their stock price by 15.98% from its current value. Analyst projections state that TSM is forecast to be at a low of $125 and a high of $210.
Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts
Taiwan Semiconductor Manufacturing ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 31.91 percent over the past six months and at a 24.52% annual growth rate that is well above the industry average of 24.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 38.80% in revenue this quarter, and will report an increase of 33.80% in the next quarter. The year-over-year growth rate is expected to be 25.10%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 22.78B in revenue for the current quarter. 6 analysts expect Taiwan Semiconductor Manufacturing ADR to make 24.74B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.07B and 19.67B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 33.40%. Forecasts for the next quarter put sales growth at 25.80%.
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 26.22% in 2024, but the outlook is positive 21.50% per year for the next five years.
TSM Dividends
Taiwan Semiconductor Manufacturing ADR’s next quarterly earnings report is expected to be released on 2024-Oct-17. The annual dividend yield of the stock is 1.21 percent and its annual dividend per share was 2.03. It is important to note, however, that the 1.21% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.16 per year.
Taiwan Semiconductor Manufacturing ADR (NYSE:TSM)’s Major holders
JPMORGAN CHASE & CO, with 0.8052% or 41.76 million shares worth $7.26 billion as of 2024-06-30, 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 Jun 30, 2024 . The former held 25.71 shares worth $4.32 billion, making up 0.50% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Semiconductor ETF held roughly 17.71 shares worth around $2.98 billion, which represents about 0.34% of the total shares outstanding.
