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 $4.47 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 3.65% or 1.08 million shares – to 30.64 million shares.
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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The top 3 mutual fund holders in Taiwan Semiconductor Manufacturing ADR are American Balanced Fund, VanEck Semiconductor ETF, and American Funds Fundamental Invest. American Balanced Fund owns 22.15 million shares of the company’s stock, all valued at over $2.3 billion. The company sold -1.66 million shares recently to bring their total holdings to about 0.43% of the shares outstanding. VanEck Semiconductor ETF bought 45654.0 shares to see its total holdings expand to 10.32 million shares valued at over $1.07 billion and representing 0.20% of the shares outstanding. American Funds Fundamental Invest bought 1.38 million shares to bring its total holdings to over 7.55 million shares at a value of $785.58 million. American Funds Fundamental Invest now owns shares totaling to 0.15% of the shares outstanding.
However, the script later moved the day high at 115.15, up 1.04%. The company’s stock has a 5-day price change of 12.82% and 27.46% over the past three months. TSM shares are trading 9.81% year to date (YTD), with the 12-month market performance up to 27.64% higher. It has a 12-month low price of $81.21 and touched a high of $113.39 over the same period. TSM has an average intraday trading volume of 10.06 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 11.26%, 14.18%, and 20.46% respectively.
Institutional ownership of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) shares accounts for 17.40% of the company’s 5.19B shares outstanding. Mutual fund holders own 7.49%, while other institutional holders and individual stakeholders account for 9.93% and — respectively.
It has a market capitalization of $592.29B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 22.03, while the earnings-per-share (ttm) stands at $5.18. The company has a PEG of 5.12 and a Quick Ratio of 2.13 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 1.96% over the month.
Analysts forecast that Taiwan Semiconductor Manufacturing ADR (TSM) will achieve an EPS of $1.31 for the current quarter, $1.43 for the next quarter and $7.9 for 2025. The lowest estimate earnings-per-share for the quarter is $1.27 while analysts give the company a high EPS estimate of $1.34. Comparatively, EPS for the current quarter was $1.31 a year ago. Earnings per share for the fiscal year are expected to increase by 18.60%, and 23.06% over the next financial year. EPS should shrink at an annualized rate of 4.30% over the next five years, compared to 18.23% over the past 5-year period.
Looking at the support for the TSM, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on January 19, 2024, with the firm’s price target at $115-$133.
