Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) shares traded 4.00% higher at $141.49 on Wall Street last session.
TSM stock price is now 9.45% away from the 50-day moving average and 35.52% away from the 200-day moving average. The market capitalization of the company currently stands at $733.91B.
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With the price target enhanced from $115 to $133, Needham maintained Buy rating for Taiwan Semiconductor Manufacturing ADR (NYSE: TSM). On January 12, 2024, TD Cowen reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $85 to quote $95, while ‘Barclays’ rates the stock as ‘Overweight’
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 $81.21 and a high of $158.40. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.40, and a quick ratio of 2.13. According to the stock market information, the enterprise value for the company is $600.76B, which is based on a 27.30 price-to-earnings ratio, a 6.35 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for TSM is $130.56 and a two-hundred day moving average price translates $104.77 for the stock.
The latest earnings results from Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $1.45, beating analysts’ expectations of $1.37 by 0.08. This compares to $1.78 EPS in the same period last year. The net profit margin was 38.80% and return on equity was 25.78% for TSM. The company reported revenue of $17.28 billion for the quarter, compared to $20.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.35 percent. For the current quarter, analysts expect TSM to generate $18.42B in revenue.
