Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) saw an upside of 5.09% to close Monday at $95.66 after adding $4.63 on the day. The 5-day average trading volume is 18,373,600 shares of the company’s common stock. It has gained $95.73 in the past week and touched a new high 3 times within the past 5 days. An average of 14,749,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,580,926.
TSM’s 1-month performance is 26.50% or $20.77 on its low of $72.84 reached on 12/28/22. The company’s shares have touched a 52-week low of $59.43 and high of $128.66, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, TSM has achieved 28.42% or $21.17 and has reached a new high 10 times. However, the current price is down -25.65% from the 52-week high price.
TSM stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.04 while the price-to-book (PB) in the most recent quarter is 5.49, with the price to cash flow ratio at 60.77.
Taiwan Semiconductor Manufacturing Company Limited’s quick ratio for the period ended December 30 was 2.20, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.32, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 59.60%. The trailing 12-month EBITDA margin is 68.86% while for the period ending December 30, Taiwan Semiconductor Manufacturing Company Limited’s operating margin was 37.10%. The firm’s gross profit as reported stood at $29.54 billion against revenue of $57.22 billion.
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 14.82% to $21.35 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TSM to announce $1.76 per share in earnings in its latest quarter, but it posted $1.91, representing a 8.50% surprise. EBITDA for the quarter stood at more than $13.43 billion. TSM stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 62.21 billion, with total debt at $901.61 billion.
Let’s look briefly at Taiwan Semiconductor Manufacturing Company Limited (TSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 85.45% to suggest the stock is trending Overbought, with historical volatility in this time period at 32.74%.
The stock’s 5-day moving average is $90.71, reflecting a +10.21% or $8.86 change from its current price. TSM is currently trading +24.01% above its 20-day SMA, +15.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +47.12% and SMA200 by-6.67%.
Stochastic %K and %D was 94.18% and 91.77% and the average true range (ATR) pointed at 2.76. The RSI (14) points at 79.37%, while the 14-day stochastic is at 99.68% with the period’s ATR at 2.59. The stock’s 9-day MACD Oscillator is pointing at 3.87 and 7.78 on the 14-day charts.
In the most recent analyst report for Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Daiwa Securities upgraded it to a Buy rating. They previously had an Outperform rating on the stock. Analysts offering their rating for TSM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TSM as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 6 rates the stock as overweight while 30 have offered a “buy” rating.
What is TSM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $72.00 and a high of $580.00, with their median price target at $103.38. Looking at these predictions, the average price target given by analysts is for Taiwan Semiconductor Manufacturing Company Limited (TSM) stock is $156.34.