Sanders Capital LLC recently announced the acquisition of new stake in Taiwan Semiconductor Manufacturing ADR (NYSE:TSM). The institutional investor has increased its shareholding in the Technology company by 0.07% to 43.03 million shares with purchase of 31225.0 shares. This fresh investment now brings its stake to 0.83% valued currently at $3.71 billion. In addition, Capital Research & Management Co raised its holdings by 2.44 million to 37.12 million shares. And Fisher Asset Management LLC has lifted its position by 3.64% or 1.07 million shares – to 30.64 million shares.
With over 10.6 million Taiwan Semiconductor Manufacturing ADR (TSM) shares trading Monday and a closing price of $97.01 on the day, the dollar volume was approximately $1.03 billion. The shares have shown a negative half year performance of -1.06% and its price on 12/04/23 lost nearly -1.56%. Currently, there are 5.19B common shares owned by the public and among those 5.19B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 35 analysts who have offered their price forecasts for TSM have a consensus price objective of $112.36. The analysts have set the share’s price value over the next 12 months at a high of $130.00 and a low of $75.00. The average price target is 13.66% above its recent price level and a downside to the estimated low will see the stock lose -29.35% over that period. But an upside of 25.38% will see the stock hit the forecast high price target while median target price for the stock is $115.00.
The top 3 mutual fund holders in Taiwan Semiconductor Manufacturing ADR are American Balanced Fund, VanEck Semiconductor ETF, and Vanguard Emerging Markets Stock I. American Balanced Fund owns 23.81 million shares of the company’s stock, all valued at over $2.05 billion. The company bought an additional 0.17 million shares recently to bring their total holdings to about 0.46% of the shares outstanding. VanEck Semiconductor ETF bought 84160.0 shares to see its total holdings expand to 14.26 million shares valued at over $1.23 billion and representing 0.28% of the shares outstanding. Vanguard Emerging Markets Stock I sold 100000.0 shares to bring its total holdings to over 7.82 million shares at a value of $675.28 million. Vanguard Emerging Markets Stock I now owns shares totaling to 0.15% of the shares outstanding.
Shares of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) opened at $97.05, down -$1.5 from a prior closing price of $98.55. However, the script later moved the day high at 97.20, down -1.56%. The company’s stock has a 5-day price change of -0.21% and 2.55% over the past three months. TSM shares are trading 30.23% year to date (YTD), with the 12-month market performance up to 17.33% higher. It has a 12-month low price of $72.84 and touched a high of $110.69 over the same period. TSM has an average intraday trading volume of 8.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.27%, 5.66%, and 4.37% respectively.
Institutional ownership of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) shares accounts for 17.39% of the company’s 5.19B shares outstanding. Mutual fund holders own 7.55%, while other institutional holders and individual stakeholders account for 9.87% and — respectively.
It has a market capitalization of $503.13B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 17.46, while the earnings-per-share (ttm) stands at $5.56. The company has a PEG of 6.47 and a Quick Ratio of 1.88 with the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.64% over the week and 1.73% over the month.
Analysts forecast that Taiwan Semiconductor Manufacturing ADR (TSM) will achieve an EPS of $Toyota Motor Corporation for the current quarter, $187.37 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Tyson Foods, Inc. while analysts give the company a high EPS estimate of $Fortuna Silver Mines Inc. Comparatively, EPS for the current quarter was $Black Stone Minerals, L.P. a year ago. Earnings per share for the fiscal year are expected to decrease by -22.51%, and 18.50% over the next financial year. EPS should shrink at an annualized rate of 2.70% over the next five years, compared to 24.77% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 35 brokerage firm advisors rate Taiwan Semiconductor Manufacturing ADR (TSM) as a “Strong Buy” at a consensus score of 1.26. Specifically, 27 Wall Street analysts polled rate the stock as a buy, while 1 of the 35 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TSM, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on October 23, 2023, with the firm’s price target at $105.
