Stocks of Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) traded higher last session on Wall Street, up 3.40% to $218.70.
TSM stock price is now 10.21% away from the 50-day moving average and 25.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1134.15B.
With the price target enhanced from $130 to $170, TD Cowen maintained Hold rating for Taiwan Semiconductor Manufacturing ADR (NYSE: TSM). On July 15, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $168 to quote $210, while ‘TD Cowen’ rates the stock as ‘Hold’
A total of 0.02% of the company’s stock is owned by insiders.
During the past 12 months, Taiwan Semiconductor Manufacturing ADR has had a low of $109.48 and a high of $222.20. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 2.44, and a quick ratio of 2.21. According to the stock market information, the enterprise value for the company is $4194722381824, which is based on a 31.09 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for TSM is $197.9796 and a two-hundred day moving average price translates $174.29745 for the stock.
The latest earnings results from Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) was released for 2024-09-30. The net profit margin was 40.52% and return on equity was 29.96% for TSM. The company reported revenue of $23.55 billion for the quarter, compared to $17.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.31 percent.
