Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) Stock Ripped 93.72% Year-To-Date, What Will Happen Next?

In recent trading session, Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) saw 7.19 million shares changing hands at last check today with its beta currently measuring 1.13. Company’s recent per share price level of $201.47 trading at $0.28 or 0.14% at last check today assigns it a market valuation of $1044.79B. That most recent trading price of TSM’s stock is at a discount of -5.52% from its 52-week high price of $212.60 and is indicating a premium of 54.53% from its 52-week low price of $91.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.9 million shares which gives us an average trading volume of 13.83 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 1.34. 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. The company is expected to be making an EPS of 2.17 in the current quarter.

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Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) trade information

Upright in the green today for gaining 0.14%, in the last five days TSM remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $201.47 price level, adding 2.49% to its value on the day. Taiwan Semiconductor Manufacturing ADR’s shares saw a change of 93.72% in year-to-date performance and have moved 4.41% in past 5-day. Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) showed a performance of 8.44% in past 30-days. Number of shares sold short was 25.4 million shares which calculate 2.06 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 200 to the stock, which implies a fall of -0.73% 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 37.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.96% for stock’s current value.

Taiwan Semiconductor Manufacturing ADR (TSM) estimates and forecasts

Statistics highlight that Taiwan Semiconductor Manufacturing ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 34.98% of value to its shares in past 6 months, showing an annual growth rate of 27.99% while that of industry is 28.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 29.10% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 26.32B for the same. And 4 analysts are in estimates of company making revenue of 24.64B in the next quarter. Company posted 19.67B and 18.87B of sales in current and next quarters respectively a year earlier.

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 36.01% while estimates for its earnings growth in next 5 years are of 31.21%.

TSM Dividends

Taiwan Semiconductor Manufacturing ADR is more likely to be releasing its next quarterly report on 2025-Jan-16 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 1.09%, the share has a forward dividend of 2.19 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.06%.

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

FMR LLC is the top institutional holder at TSM for having 52.19 million shares of worth $9.07 billion. And as of 2024-06-30, it was holding 1.0064 of the company’s outstanding shares.

The second largest institutional holder is JPMORGAN CHASE & CO, which was holding about 41.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.8052 of outstanding shares, having a total worth of $7.26 billion.