The Insider Activity Of Taiwan Semiconductor Manufacturing Company Limited (TSM) Should Not Be Ignored


As of Wednesday close, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) stock was down -$0.57, moving down -0.69 percent to $81.97. The average number of shares traded per day over the past five days has been 18,540,961 shares. 2 times new highs have been achieved over the past 5 days, with a $2.52 gain in that time frame. In the last twenty days, the average volume was 16,963,605, while in the previous 50 days, it was 15,791,856.

Since last month, TSM stock rose 34.07%. Shares of the company fell to $59.43 on 11/03/22, the lowest level in the past month. A 52-week high of $145.00 was reached on 01/13/22 after having rallying from a 52-week low of $59.43. Since the beginning of this year, TSM’s stock price has dropped by -31.87% or -$38.34, and marked a new high 3 times. However, the stock has declined by -43.47% since its 52-week high.

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Valuation Metrics

Right now, Taiwan Semiconductor Manufacturing Company Limited (TSM) has a P/E ratio of about 14.91. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 6.05, the price-to-book (PB) ratio of 4.83, and the price-to-cash flow ratio of 53.36 may also be considered.

The latest dividend of $0.3392 per share was paid out, which is -25.94% less than last year’s $0.4580. On Wednesday November 9 2022, a $0.1188 dividend decrease was announced.

Financial Health

In the three months ended September 29, Taiwan Semiconductor Manufacturing Company Limited’s quick ratio stood at 2.20, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.32, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 57.30% percent. In the year ended September 29, EBITDA margin amounted to 67.57%, whereas operating margins totaled 47.10%. Based on annual data, TSM earned $29.54 billion in gross profit and brought in $57.22 billion in revenue.

In Taiwan Semiconductor Manufacturing Company Limited’s quarter-end financial report for September 29, it reported total debt of $6.04 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TSM’s revenue rose 16.65% during the quarter, while net income inched up to $57.22 billion. While analysts expected Taiwan Semiconductor Manufacturing Company Limited to report $1.69 quarterly earnings, the actual figure was $1.79 per share, beating the consensus estimate by 5.90%. During the quarter, the company generated $13.43 billion in EBITDA. The liabilities of Taiwan Semiconductor Manufacturing Company Limited were 62.21 billion at the end of its most recent quarter ended September 29, and its total debt was $901.61 billion.

Technical Picture

This quick technical analysis looks at Taiwan Semiconductor Manufacturing Company Limited’s (TSM) price momentum. With a historical volatility rate of 57.29%, the RSI 9-day stood at 73.92% on 23 November.

With respect to its five-day moving average, the current Taiwan Semiconductor Manufacturing Company Limited price is up by +3.17% percent or $2.52. At present, TSM shares trade +34.73% above its 20-day simple moving average and +7.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.90% above its SMA50 and -33.74% below its SMA200.

Stochastic coefficient K was 92.99% and Stochastic coefficient D was 93.19%, while ATR was 2.91. Given the Stochastic reading of 94.50% for the 14-day period, the RSI (14) reading has been calculated as 70.35%. As of today, the MACD Oscillator reading stands at 2.07, while the 14-day reading stands at 7.14.

Analyst Ratings

Daiwa Securities upgraded its rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) to a Buy in a note to investors on September 14, 2022. The analysts firm previously had an Outperform rating on the stock.Taiwan Semiconductor Manufacturing Company Limited (TSM) has been rated Buy by analysts. According to 0 brokerage firms, TSM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Taiwan Semiconductor Manufacturing Company Limited stock as buy, with 30 recommending it as overweight.

With a median target price of $89.00, the current consensus forecast for the stock is $60.00 – $113.00. Based on these forecasts, analysts predict Taiwan Semiconductor Manufacturing Company Limited (TSM) will achieve an average price target of $88.43.


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