Taiwan Semiconductor Manufacturing ADR (TSM) Looks Ready for Growth Despite -1.77% Change This Year

Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) is -1.77% lower on its value in year-to-date trading and has touched a low of $133.57 and a high of $226.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TSM stock was last observed hovering at around $186.98 in the last trading session, with the day’s gains setting it 7.01%.

Currently trading at $193.99, the stock is 15.83% and 15.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.76 million and changing 3.75% at the moment leaves the stock 5.81% off its SMA200. TSM registered 35.86% gain for a year compared to 6-month loss of -3.58%.

The stock witnessed a 23.50% gain in the last 1 month and extending the period to 3 months gives it a -7.07%, and is 12.60% 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 2.62% over the week and 2.77% over the month.

Current P/E ratio is 24.96 and Fwd P/E is 18.08. Profit margin for the company is 41.68%. Distance from 52-week low is 45.23% and -14.32% from its 52-week high. The company has generated returns on investments over the last 12 months (24.28%).

with sales reaching $926.58B over the same period.The EPS is expected to grow by 34.32% this year, but quarterly earnings will post 27.44% year-over-year. Quarterly sales are estimated to grow 37.58% 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 0.62%.

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 0.2013% 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 0.161 of the shares outstanding. The other top investors are SANDERS CAPITAL, LLC which holds 41.71 million shares representing 0.1609% and valued at over $7.25 billion, while CAPITAL WORLD INVESTORS holds 0.1545 of the shares totaling 40.05 million with a market value of $6.96 billion.