Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) Is One Stock You Should Watch

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM)’s traded shares stood at 2.31 million during the latest session, with the company’s beta value hitting 1.15. At the last check today, the stock’s price was $173.05, to imply an increase of 0.95% or $1.62 in intraday trading. The TSM share’s 52-week high remains $193.47, putting it -11.8% down since that peak but still an impressive 51.45% since price per share fell to its 52-week low of $84.01. The company has a valuation of $897.48B, with an average of 12.84 million shares in intraday trading volume over the past 10 days and average of 17.26 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Taiwan Semiconductor Manufacturing ADR (TSM), translating to a mean rating of 1.33. Of 11 analyst(s) looking at the stock, 0 analyst(s) give TSM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.79.

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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information

After registering a 0.95% upside in the latest session, Taiwan Semiconductor Manufacturing ADR (TSM) has traded red over the past five days. The 5-day price performance for the stock is 10.35%, and 1.82% over 30 days. With these gigs, the year-to-date price performance is 66.40%. Short interest in Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) saw shorts transact 30.82 million shares and set a 1.89 days time to cover.

The extremes give us $125 and $210 for target low and target high price respectively. As such, TSM has been trading -21.35% off suggested target high and 27.77% from its likely low.

Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts

Looking at statistics comparing Taiwan Semiconductor Manufacturing ADR share performance against respective industry, we note that the company has outperformed competitors. Taiwan Semiconductor Manufacturing ADR (TSM) shares are 23.95% up over the last 6 months, with its year-to-date growth rate higher than industry average at 24.52% against 24.50%. Revenue is forecast to grow 38.80% this quarter before jumping 33.80% for the next one. The rating firms project that company’s revenue will grow 25.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is 22.87B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 24.89B.Earnings reports from the last fiscal year show that sales brought in 17.07B and 19.67B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 34.00% before jumping 26.60% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 18.23% for the past 5-year period. While 2024 is set for a 26.63% return in earnings, projections for the next 5 years are at 21.50% annually.

TSM Dividends

Taiwan Semiconductor Manufacturing ADR has its next earnings report out on 2024-Oct-17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Taiwan Semiconductor Manufacturing ADR has a forward dividend ratio of 2.19, with the share yield ticking at 1.27% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.13%.

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

The next major institution holding the largest number of shares is JPMORGAN CHASE & CO with 41.76 million shares, or about 0.8052% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.26 billion.