Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) traded at $137.19 at last check on Monday, April 29, made a downward move of -0.80% on its previous day’s price.
Looking at the stock we see that its previous close was $138.30. The company has a trailing 12-month PE ratio of 26.12. In terms of its 52-week price range, TSM has a high of $158.40 and a low of $82.16. The company’s stock has gained about 0.84% over that past 30 days.
Taiwan Semiconductor Manufacturing ADR has a market cap of $711.60 billion. With its Forward Dividend at 1.93 and a yield of 1.41%, 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 $1.35, with the EPS growth for the year raised at $6.28 for 2024 and $7.88 for next year. These figures represent 21.00% and 25.50% 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 $19.53 billion, with a low of $18.65 billion and a high of $20.01 billion. The median projection represents growth squeezing down to 24.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $84.52 billion, or 21.80% up from figures reported last year.
On the other hand, looking at the outlook for the TSM stock, short term indicators assign the stock an average of 50% 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 1.21, and the most recent price level today is -1.26% off its SMA20 and 0.20% from its 50-day simple moving average. The RSI (14) is pointing at 50.23 while the volatility over the past week is 3.77% and jumps to 3.22% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 4.73.
Coming back to Taiwan Semiconductor Manufacturing ADR (NYSE:TSM), we note that the average 3-month trading volume was 15.97 million. Current shares outstanding are 5.19 billion.
The insiders hold 0.02% of the company’s shares while institutions hold 17.31%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 31.91% up in year-to-date price movement.
