Is Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) Back In The Buying Zone?

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 0.25% and 13.68% over the past three months. TSM shares are trading 65.10% year to date (YTD), with the 12-month market performance up to 81.16% higher. It has a 12-month low price of $84.01 and touched a high of $193.47 over the same period. TSM has an average intraday trading volume of 17.42 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 3.03%, 0.66%, and 23.69% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) shares accounts for 17.24% of the company’s 5.19B shares outstanding.

It has a market capitalization of $890.45B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 30.72, while the earnings-per-share (ttm) stands at $5.59. The company has a PEG of 1.43 and a Quick Ratio of 2.21 with the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.92% over the month.

Earnings per share for the fiscal year are expected to increase by 26.29%, and 27.33% over the next financial year. EPS should grow at an annualized rate of 21.50% 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. TD Cowen stated their Hold rating for the stock in a research note on July 18, 2024, with the firm’s price target at $130-$170. Needham coverage for the Taiwan Semiconductor Manufacturing ADR (TSM) stock in a research note released on July 15, 2024 offered a Buy rating with a price target of $210. Needham on their part issued Buy rating on April 10, 2024.

Most Popular

Related Posts