Taiwan Semiconductor Manufacturing ADR (TSM) Is Now En Route to Higher Prices

Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) is 92.94% higher on its value in year-to-date trading and has touched a low of $98.80 and a high of $212.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TSM stock was last observed hovering at around $202.22 in the last trading session, with the day’s loss setting it -1.56%.

Currently trading at $200.66, the stock is 3.53% and 3.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.5 million and changing -0.77% at the moment leaves the stock 19.59% off its SMA200. TSM registered 95.69% gain for a year compared to 6-month gain of 11.67%. The firm has a 50-day simple moving average (SMA 50) of $193.4636 and a 200-day simple moving average (SMA200) of $167.48225.

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The stock witnessed a 7.88% loss in the last 1 month and extending the period to 3 months gives it a 19.95%, and is 4.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.21% over the week and 2.48% over the month.

Taiwan Semiconductor Manufacturing ADR (TSM) has around 76478 employees, a market worth around $1040.60B and $82.81B in sales. Current P/E ratio is 32.13 and Fwd P/E is 22.18. Profit margin for the company is 39.11%. Distance from 52-week low is 103.10% and -5.62% from its 52-week high. The company has generated returns on investments over the last 12 months (20.69%).

with sales reaching $852.97B over the same period.The EPS is expected to grow by 36.09% this year, but quarterly earnings will post 33.16% year-over-year. Quarterly sales are estimated to grow 36.36% in year-over-year returns.

Taiwan Semiconductor Manufacturing ADR (TSM) Top Institutional Holders

The shares outstanding are 5.19B, and float is at 5.18B with Short Float at 0.58%.

The top institutional shareholder in the company is FMR LLC with over 52.19 million shares valued at $9.07 billion. The investor’s holdings represent 1.0064% of the TSM Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 41.76 million shares valued at $7.26 billion to account for 0.8052 of the shares outstanding. The other top investors are SANDERS CAPITAL, LLC which holds 41.71 million shares representing 0.8043% and valued at over $7.25 billion, while CAPITAL WORLD INVESTORS holds 0.7723 of the shares totaling 40.05 million with a market value of $6.96 billion.