As of Thursday close, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) stock was down -$0.14, moving down -0.15 percent to $91.64. The average number of shares traded per day over the past five days has been 7,873,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.16 fall in that time frame. In the last twenty days, the average volume was 8,302,575, while in the previous 50 days, it was 9,849,082.
Since last month, TSM stock retreated -11.08%. Shares of the company fell to $91.30 on 08/14/23, the lowest level in the past month. A 52-week high of $110.69 was reached on 06/13/23 after having rallying from a 52-week low of $59.43. Since the beginning of this year, TSM’s stock price has risen by 23.02% or $17.15, and marked a new high 18 times. However, the stock has declined by -17.21% since its 52-week high.
Valuation Metrics
Right now, Taiwan Semiconductor Manufacturing Company Limited (TSM) has a P/E ratio of about 15.66. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 6.42, the price-to-book (PB) ratio of 4.91.
The latest dividend of $0.4724 per share was paid out, which is -3.39% less than last year’s $0.4890.
Financial Health
In the three months ended June 29, Taiwan Semiconductor Manufacturing Company Limited’s quick ratio stood at 2.00, while its current ratio was 2.30, 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 June 29 was 0.29, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 58.60% percent. In the year ended June 29, EBITDA margin amounted to 68.86%, whereas operating margins totaled 50.30%. Based on annual data, TSM earned $43.88 billion in gross profit and brought in $73.67 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.90%. Return on equity (ROE) for the past 12 months was 36.10%.
In Taiwan Semiconductor Manufacturing Company Limited’s quarter-end financial report for June 29, it reported total debt of $5.86 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TSM’s revenue rose 22.32% during the quarter, while net income inched up to $73.67 billion. While analysts expected Taiwan Semiconductor Manufacturing Company Limited to report $1.08 quarterly earnings, the actual figure was $1.14 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $10.59 billion in EBITDA. The liabilities of Taiwan Semiconductor Manufacturing Company Limited were 63.37 billion at the end of its most recent quarter ended June 29, and its total debt was $955.06 billion.
Technical Picture
This quick technical analysis looks at Taiwan Semiconductor Manufacturing Company Limited’s (TSM) price momentum. With a historical volatility rate of 20.04%, the RSI 9-day stood at 30.50% on 17 August.
With respect to its five-day moving average, the current Taiwan Semiconductor Manufacturing Company Limited price is down by -3.33% percent or -$3.16. At present, TSM shares trade -6.36% below its 20-day simple moving average and -1.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.19% below its SMA50 and +47.78% above its SMA200.
Stochastic coefficient K was 4.20% and Stochastic coefficient D was 6.54%, while ATR was 2.05. Given the Stochastic reading of 4.01% for the 14-day period, the RSI (14) reading has been calculated as 34.57%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -2.88.
Analyst Ratings
Susquehanna reiterated its a Positive rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) in a note to investors. The analysts firm has however raised their price target to $135, representing a possible 28.41% increase in the stock price. Taiwan Semiconductor Manufacturing Company Limited (TSM) has been rated Buy by analysts. According to 0 brokerage firms, TSM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate Taiwan Semiconductor Manufacturing Company Limited stock as buy, with 28 recommending it as overweight.
With a median target price of $114.00, the current consensus forecast for the stock is $85.00 – $135.00. Based on these forecasts, analysts predict Taiwan Semiconductor Manufacturing Company Limited (TSM) will achieve an average price target of $114.13.
