The price of Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) shares last traded on Wall Street rose 0.33% to $85.64.
Based on available information, 35 analysts follow Taiwan Semiconductor Manufacturing ADR (NYSE:TSM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $85.00, we find $113.00. Given the previous closing price of $85.36, this indicates a potential upside of 32.38 percent. TSM stock price is now -9.54% away from the 50-day moving average and -6.16% away from the 200-day moving average. The market capitalization of the company currently stands at $444.17B.
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Among analysts, 3 rate the stock a hold while 26 rate it a buy. Brokers who have rated the stock have averaged $113.41 as their price target over the next twelve months.
With the price target enhanced from $128 to $135, Susquehanna maintained Positive rating for Taiwan Semiconductor Manufacturing ADR (NYSE: TSM).
A total of 0.02% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSM stock. A new stake in Taiwan Semiconductor Manufacturing ADR shares was purchased by THIRD POINT LLC during the first quarter worth $209,818,000. APPALOOSA LP invested $152,011,000 in shares of TSM during the first quarter. In the first quarter, LANSDOWNE PARTNERS (UK) LLP acquired a new stake in Taiwan Semiconductor Manufacturing ADR valued at approximately $136,971,000. ROKOS CAPITAL MANAGEMENT LLP acquired a new stake in TSM for approximately $87,288,000. SRS INVESTMENT MANAGEMENT, LLC purchased a new stake in TSM valued at around $65,774,000 in the second quarter. In total, there are 2,193 active investors with 17.37% ownership of the company’s stock.
A candlestick chart of Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) showed a price of $86.25 on Friday morning. During the past 12 months, Taiwan Semiconductor Manufacturing ADR has had a low of $59.43 and a high of $110.69. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.42, and a quick ratio of 2.13. According to the stock market information, the enterprise value for the company is $408.78B, which is based on a 14.15 price-to-earnings ratio, a 0.66 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for TSM is $94.68 and a two-hundred day moving average price translates $91.26 for the stock.
The latest earnings results from Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $1.14, beating analysts’ expectations of $1.08 by 0.06. This compares to $1.56 EPS in the same period last year. The net profit margin was 43.31% and return on equity was 33.70% for TSM. The company reported revenue of $15.68 billion for the quarter, compared to $18.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.69 percent. For the current quarter, analysts expect TSM to generate $16.93B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2024. Investors who held shares on 12/15/2023 were paid a $0.472411 dividend. On an annualized basis, this represents a $1.87 dividend and a 2.18% percent yield. There was an ex-dividend date of 12/14/2023 for this dividend. In terms of dividend payout ratio, TSM is presently at 21.29%.
Taiwan Semiconductor Manufacturing ADR(TSM) Company Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support and engineering services, as well as manufactures masks. Its products are used in high performance computing, smartphone, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
