Analyst Forecast For Taiwan Semiconductor Manufacturing ADR (NYSE: TSM)

The trading price of Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) closed lower on Tuesday, April 02, closing at $140.22, -0.90% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 27.06, while its 5Y monthly beta was 1.23. In examining the 52-week price action we see that the stock hit a 52-week high of $158.40 and a 52-week low of $81.21. Over the past month, the stock has gained 4.72% in value.

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Taiwan Semiconductor Manufacturing ADR, whose market valuation is $727.32 billion at the time of this writing. The dividend yield on the company stock is 1.38%, while its Forward Dividend ratio is 1.94. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.31 per share this quarter, however they have predicted annual earnings per share of $5.76 for 2024 and $7.11 for 2025. It means analysts are expecting annual earnings per share growth of 11.00% this year and 23.40% next year.

Analysts have forecast the company to bring in revenue of $18.42 billion for the current quarter, with the likely lows of $18.07 billion and highs of $18.65 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $84.34 billion. The company’s revenue is forecast to grow by 21.50% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Taiwan Semiconductor Manufacturing ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TSM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 6.29, which symbolizes a positive outlook. A quick review shows that TSM’s price is currently 0.37% off the SMA20 and 7.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.52, and weekly volatility stands at 2.25%. When measured over the past 30 days, the indicator reaches 3.05%. Taiwan Semiconductor Manufacturing ADR (NYSE:TSM)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 4.28.

To see how Taiwan Semiconductor Manufacturing ADR stock has been performing in comparison to its peers in the industry, here are the numbers: TSM stock’s performance was -0.90% in the latest trading, and 51.64% in the past year. Taiwan Semiconductor Manufacturing ADR has a P/E ratio of 27.06.

An evaluation of the daily trading volume of Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) indicates that the 3-month average is 15.67 million. However, this figure has increased over the past 10 days to an average of 12.12 million.

Currently, records show that 5.19 billion of the company’s shares remain outstanding. The insiders hold 0.02% of outstanding shares, whereas institutions hold 17.46%. The stats also highlight that short interest as of Mar 15, 2024, stood at 24.01 million shares, resulting in a short ratio of 1.34 at that time. From this, we can conclude that short interest is 0.46% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 21.82 million. However, since the stock’s price has seen 34.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.