Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) traded at $145.40 at close of the session on Tuesday, April 09, made an upward move of 1.83% on its previous day’s price.
Looking at the stock we see that its previous close was $142.79 and the beta (5Y monthly) reads 1.23 . The company has a trailing 12-month PE ratio of 28.06. In terms of its 52-week price range, TSM has a high of $158.40 and a low of $81.21. The company’s stock has lost about -0.66% over that past 30 days.
Taiwan Semiconductor Manufacturing ADR has a market cap of $754.19 billion. With its Forward Dividend at 1.93 and a yield of 1.33%, the company’s investors could be anxious for the TSM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.31, with the EPS growth for the year raised at $6.3 for 2024 and $7.78 for next year. These figures represent 21.40% and 23.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $18.4 billion, with a low of $17.98 billion and a high of $18.65 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $83.75 billion, or 20.70% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TSM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the TSM stock currently stands at 6.52, and the current price level is 4.24% off its SMA20 and 9.75% from its 50-day simple moving average. The RSI (14) is pointing at 62.31 while the volatility over the past week is 3.33% and jumps to 2.69% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 4.50.
Coming back to Taiwan Semiconductor Manufacturing ADR (NYSE:TSM), we note that the average 3-month trading volume was 15.93 million, while that of the preceding 10-day period stands at 11.87 million. Current shares outstanding are 5.19 billion.
The insiders hold 0.02% of the company’s shares while institutions hold 17.46%. The data shows that short shares as of Mar 15, 2024, stood at 24.01 million at a short ratio of 1.34. This represents a 0.46% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 21.82 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.81% up in year-to-date price movement.
