In today’s recent session, 2.91 million shares of the Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) have been traded, and its beta is 1.14. Most recently the company’s share price was $194.10, and it changed around -$2.84 or -1.44% from the last close, which brings the market valuation of the company to $1006.59B. TSM at last check was trading at a discount to its 52-week high of $212.60, offering almost -9.53% off that amount. The share price’s 52-week low was $84.95, which indicates that the recent value has risen by an impressive 56.23% since then. We note from Taiwan Semiconductor Manufacturing ADR’s average daily trading volume that its 10-day average is 20.18 million shares, with the 3-month average coming to 15.07 million.
Taiwan Semiconductor Manufacturing ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.34. 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 2.17 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 -1.44% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 205.20 on recent trading dayincreased the stock’s daily price by 5.41%. The company’s shares are currently up 86.64% year-to-date, but still down -3.36% over the last five days. On the other hand, Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) is 12.80% up in the 30-day period. We can see from the shorts that 25.4 million shares have been sold at a short interest cover period of 2.06 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 2.95% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 43.84 percent over the past six months and at a 27.99% annual growth rate that is well below the industry average of 28.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 49.70% in revenue this quarter, and will report an increase of 39.10% in the next quarter. The year-over-year growth rate is expected to be 28.80%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 26.3B in revenue for the current quarter. 4 analysts expect Taiwan Semiconductor Manufacturing ADR to make 24.61B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 19.67B and 18.87B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 33.70%. Forecasts for the next quarter put sales growth at 30.40%.
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 36.21% in 2024, but the outlook is positive 31.21% per year for the next five years.
TSM Dividends
Taiwan Semiconductor Manufacturing ADR’s next quarterly earnings report is expected to be released on 2025-Jan-16. The annual dividend yield of the stock is 1.13 percent and its annual dividend per share was 2.19. It is important to note, however, that the 1.13% 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 2.09 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.
