Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) does about 15.32M shares in volume on a normal day but saw 22875100 shares change hands in Monday trading. The company now has a market cap of 451.57B USD. Its current market price is $95.66, marking an increase of 5.09% compared to the previous close of $91.03. The 52 week high reached by this stock is $128.66 whilst the lowest price level in 52 weeks is $59.43. The script in recent trading has seen the stock touch a high of $95.73 and a low of $91.72.
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a 20-day trading average at $81.14 and the current price is -25.65% off the 52-week high compared with 60.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $79.72 and its 200-day simple moving average is $82.23. If we look at the stock’s price movements over the week, volatility stands at 2.93%, which decreases to 2.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 79.37 to suggest the stock is overbought.
39 analysts observing the Taiwan Semiconductor Manufacturing Company Limited (TSM) stock have set the 12-month price targets for the company’s shares at between $72.00 and $580.00. The consensus objective for the share price is $96.02, suggesting that the stock has a potential upside of 0.37% over the period. The median price target is 7.47% away from the current levels at $103.38.
FactSet Research has provided data showing that 39 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 6 advise that it is a overweight. 30 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 19.25%, 20.92%, and 16.29% away from its SMA20, SMA50, and SMA200 respectively, with the TSM price moving above the 50-day SMA on January 23. Taiwan Semiconductor Manufacturing Company Limited (TSM) stock is up 10.21% over the week and 26.50% over the past month. Its price is 28.42% year-to-date and -25.46% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $1.91 above consensus estimates by $0.15. The company’s next earnings report is expected on 04/13/2023, with forecasts estimating quarterly EPS at $1.22 and $5.56 for whole year. TSM’s earnings per share are forecast to shrink by -15.80% this year and 25.90% over next year. Expected sales for next quarter are $16.4 billion, which analysts say will come at $75.38 billion for the current fiscal year and next year at $91.86 billion. In addition, estimates put the company’s current quarterly revenue at an average of $17 billion.
Its 12-month price target is $103.38. To reach the target analysts have set, the stock logically needs to grow 0.37 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $72.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $580.00.
Outstanding shares total 5.19B with insiders holding 0.00% of the shares and institutional holders owning 17.51% of the company’s common stock. The company has a return on investment of 20.00% and return on equity of 31.40%. The price to earnings ratio (P/E ratio) amounts to 14.78 while the forward price to earnings ratio is 13.67. The beta has a value of 1.06. Price to book ratio is 5.49 and price to sales ratio is 6.04.
According to a U.S. Securities and Exchange Commission filing, American Balanced Fund has reduced its position in Taiwan Semiconductor Manufacturing Company Limited (TSM) to 20,790,672 shares, mirroring a recent drop by -8.06%. American Balanced Fund dumped -1.82 million shares of Taiwan Semiconductor Manufacturing Company Limited common stock bringing its total worth to about $1.55 billion at the end of recent close, SEC documents show. VanEck Vectors Semiconductor ETF raise their holdings by 2.30% in the company over the course of the most recent quarter. It now holds a 0.18% position in Taiwan Semiconductor Manufacturing Company Limited thanks to 9.25 million shares amounting to $689.15 million.