Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) shares, rose in value, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $141.36.
Actively observing the price movement in the last trading, the stock closed the session at $139.66. The value of beta (5-year monthly) was 1.24 whereas the PE ratio was 27.28 over 12-month period. Referring to stock’s 52-week performance, its high was $158.40, and the low was $81.21. On the whole, TSM has fluctuated by -0.15% over the past month.
The company’s Forward Dividend Ratio is 1.93, with its dividend yield at 1.37%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.31, which is expected to increase to $1.49 for fiscal year $6.31 and then to about $7.78 by fiscal year 2025. Data indicates that the EPS growth is expected to be 21.60% in 2025, while the next year’s EPS growth is forecast to be 23.30%.
Analysts have estimated the company’s revenue for the quarter at $18.41 billion, with a low estimate of $18.01 billion and a high estimate of $18.65 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $83.8 billion, representing an increase of 20.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TSM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.34, with the price of TSM currently trading nearly 0.93% and 7.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.06, while the 7-day volatility ratio is showing 3.25% which for the 30-day chart, stands at 3.09%. Furthermore, Taiwan Semiconductor Manufacturing ADR (TSM)’s beta value is 1.14, and its average true range (ATR) is 4.41.
A comparison of Taiwan Semiconductor Manufacturing ADR (TSM) with its peers suggests the former has fared considerably weaker in the market. TSM showed an intraday change of 1.22% in last session, and over the past year, it grew by 53.37%%.
Data on historical trading for Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) indicates that the trading volumes over the past 10 days have averaged 12.18 million and over the past 3 months, they’ve averaged 15.86 million. According to company’s latest data on outstanding shares, there are 5.19 billion shares outstanding.
Nearly 0.02% of Taiwan Semiconductor Manufacturing ADR’s shares belong to company insiders and institutional investors own 17.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.01 million shares as on Mar 15, 2024, resulting in a short ratio of 1.34. According to the data, the short interest in Taiwan Semiconductor Manufacturing ADR (TSM) stood at 0.46% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 21.82 million. The stock has risen by 35.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSM stock heading into the next quarter.
