Currently, there are 5.19B common shares owned by the public and among those 5.19B shares have been available to trade.
However, the script later moved the day high at 146.51, down -3.18%. The company’s stock has a 5-day price change of 0.82% and 40.80% over the past three months. TSM shares are trading 37.04% year to date (YTD), with the 12-month market performance up to 64.06% 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 16.36 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 1.69%, 6.16%, and 34.25% respectively.
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Institutional ownership of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) shares accounts for 17.41% of the company’s 5.19B shares outstanding.
It has a market capitalization of $739.25B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 27.50, while the earnings-per-share (ttm) stands at $5.18. The company has a PEG of 6.40 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 2.71% over the week and 2.59% over the month.
Earnings per share for the fiscal year are expected to increase by 19.01%, and 23.69% 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 April 10, 2024, with the firm’s price target at $133-$168. Needham coverage for the Taiwan Semiconductor Manufacturing ADR (TSM) stock in a research note released on January 19, 2024 offered a Buy rating with a price target of $133. TD Cowen was of a view on January 12, 2024 that the stock is Market Perform, while Barclays gave the stock Overweight rating on October 23, 2023, issuing a price target of $105. Susquehanna on their part issued Positive rating on July 14, 2023.
