Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) price on Thursday, May 09, fall -1.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $141.78.
A look at the stock’s price movement, the level at last check in today’s session was $143.60. The PE ratio in trailing twelve months stood at 26.99. Turning to its 52-week performance, $158.40 and $82.53 were the 52-week high and 52-week low respectively. Overall, TSM moved -3.04% over the past month.
Taiwan Semiconductor Manufacturing ADR’s market cap currently stands at around $735.41 billion. The company has a Forward Dividend ratio of 1.93, with its dividend yield at 1.36%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 19.61B for the company’s revenue for the quarter, with a low and high estimate of 18.65B and 20.01B respectively. The average forecast suggests up to a 25.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 84.65B, representing a 22.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TSM is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.26, with TSM’s current price about 2.90% and 2.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.47, while 7-day volatility ratio is 2.19% and 3.04% in the 30-day chart. Further, Taiwan Semiconductor Manufacturing ADR (TSM) has a beta value of 1.10, and an average true range (ATR) of 4.22.
If we refocus on Taiwan Semiconductor Manufacturing ADR (NYSE:TSM), historical trading data shows that trading volumes averaged 15.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.19 billion shares.
The 0.03% of Taiwan Semiconductor Manufacturing ADR’s shares are in the hands of company insiders while institutional holders own 17.35% of the company’s shares. Current price change has pushed the stock 36.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TSM stock continues to rise going into the next quarter.
