Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) is -0.66% 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 $191.76 in the last trading session, with the day’s gains setting it 4.43%.
Currently trading at $196.19, the stock is 8.22% and 15.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.79 million and changing 2.31% at the moment leaves the stock 6.26% off its SMA200. TSM registered 27.77% gain for a year compared to 6-month loss of 4.65%. The firm has a 50-day simple moving average (SMA 50) of $170.386 and a 200-day simple moving average (SMA200) of $184.63515.
The stock witnessed a 24.32% gain in the last 1 month and extending the period to 3 months gives it a -1.03%, and is 1.01% 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 1.40% over the week and 2.02% over the month.
Current P/E ratio is 25.24 and Fwd P/E is 18.16. Profit margin for the company is 41.68%. Distance from 52-week low is 46.88% and -13.34% from its 52-week high. The company has generated returns on investments over the last 12 months (23.98%).
The EPS is expected to grow by 35.76% this year
3313.0 institutions hold shares in Taiwan Semiconductor Manufacturing ADR (TSM), with institutional investors hold 16.40% of the company’s shares. The shares outstanding are 5.19B, and float is at 5.18B with Short Float at 0.62%. Institutions hold 16.39% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 16.33 million shares valued at $2.84 billion. The investor’s holdings represent 0.3149 of the TSM Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 52.19 million shares valued at $9.07 billion to account for 0.2013 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 41.76 million shares representing 0.161 and valued at over $7.26 billion, while SANDERS CAPITAL, LLC holds 0.1609 of the shares totaling 41.71 million with a market value of $7.25 billion.
