Taiwan Semiconductor Manufacturing ADR (NYSE: TSM): The Best-Of-Breed For Investing?

Currently, there are 5.19B common shares owned by the public and among those 5.19B shares have been available to trade.

The company’s stock has a 5-day price change of -6.42% and 34.14% over the past three months. TSM shares are trading 31.71% year to date (YTD), with the 12-month market performance up to 57.99% higher. It has a 12-month low price of $81.21 and touched a high of $158.40 over the same period. TSM has an average intraday trading volume of 14.68 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 1.85%, 12.32%, and 33.57% respectively.

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Institutional ownership of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) shares accounts for 17.47% of the company’s 5.19B shares outstanding.

It has a market capitalization of $710.52B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 26.43, while the earnings-per-share (ttm) stands at $5.18. The company has a PEG of 6.15 and a Quick Ratio of 2.13 with the debt-to-equity ratio at 0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.97% over the week and 3.11% over the month.

Analysts forecast that Taiwan Semiconductor Manufacturing ADR (TSM) will achieve an EPS of $1.31 for the current quarter, $1.44 for the next quarter and $7.03 for 2025. The lowest estimate earnings-per-share for the quarter is $1.27 while analysts give the company a high EPS estimate of $1.35. Comparatively, EPS for the current quarter was $1.31 a year ago. Earnings per share for the fiscal year are expected to increase by 19.52%, and 23.34% 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. TD Cowen coverage for the Taiwan Semiconductor Manufacturing ADR (TSM) stock in a research note released on January 12, 2024 offered a Market Perform rating with a price target of $95. Barclays was of a view on October 23, 2023 that the stock is Overweight, while Susquehanna gave the stock Positive rating on July 14, 2023, issuing a price target of $128- $135. Susquehanna on their part issued Positive rating on April 17, 2023.

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