Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) finished Thursday with a subtraction of -$1.51 to close at $75.63, a downside of -1.96 percent. An average of 10,174,479 shares of common stock have been traded in the last five days. There was a fall of -$2.35 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 9,592,545 shares traded, while the 50-day average volume stands at 10,884,166.
TSM stock has decreased by -12.09% in the last month. The company shares reached their 1-month lowest point of $75.36 on 09/22/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $73.74 and a high of $145.00 in 52 weeks. It has reached a new high 3 times so far this year and lost -37.14% or -$44.68 in price. In spite of this, the price is down -47.84% from the 52-week high.
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Taiwan Semiconductor Manufacturing Company Limited (TSM) has a trailing price-to-earnings (P/E) ratio of 16.08. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.42, the price-to-book (PB) ratio at 4.91, and the price-to-cash flow ratio at 53.59.
The company has a payout ratio of 877.00%. The company’s most recent quarterly dividend payment was $0.4580 a share, representing a down of -0.97% from $0.4625 last year. Its latest decrease dividend $0.0045 reported on Wednesday August 10 2022.
The quick ratio of Taiwan Semiconductor Manufacturing Company Limited for the three months ended June 29 was 2.00, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.37 for the quarter ending June 29. Taiwan Semiconductor Manufacturing Company Limited’s EBITDA margin for the year ending June 29 is 67.57%, while its operating margin for the same period stands at 44.70%. Its gross profit as reported stood at $29.54 billion compared to revenue of $57.22 billion.
For the three-month period that ended June 29, Taiwan Semiconductor Manufacturing Company Limited had $6.04 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $21.35 billion in the quarter, while revenues were grew 14.82%. The analyst consensus anticipated Taiwan Semiconductor Manufacturing Company Limited’s latest quarter earnings to come in at $1.51 per share, but it turned out to be $1.55, a 2.60% surprise. For the quarter, EBITDA amounted to $12.57 billion.
From a technical analysis perspective, let’s take a brief look at Taiwan Semiconductor Manufacturing Company Limited (TSM) price momentum. RSI 9-day as of the close on 22 September was 24.10%, suggesting the stock is oversold, with historical volatility in this time frame at 24.46%.
As of today, TSM’s price is $77.41 -3.01% or -$2.35 from its 5-day moving average. TSM is currently trading -11.61% lower than its 20-day SMA and -18.62% lower than its 100-day SMA. However, the stock’s current price level is -6.96% below the SMA50 and -36.52% below the SMA200.
The stochastic %K and %D were 10.71% and 14.74%, respectively, and the average true range (ATR) was 1.84. With the 14-day stochastic at 3.61% and the average true range at 1.95, the RSI (14) stands at 30.13%. The stock has reached -1.43 on the 9-day MACD Oscillator while the 14-day reading was at -2.19.
Daiwa Securities upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Taiwan Semiconductor Manufacturing Company Limited (TSM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TSM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 29 others rate it as a “buy”.
What is TSM’s price target for the next 12 months?
Analysts predict a range of price targets between $80.00 and $129.00, with a median target of $115.00. Taking a look at these predictions, the average price target given by analysts for Taiwan Semiconductor Manufacturing Company Limited (TSM) stock is $110.30.