The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) increased by $0.9 on Monday to finish at $94.00, up 0.97 percent. The last five days have seen an average of 9,041,500 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $19.51. The average number of shares traded over the last 20 days was 8,142,080, while the average volume over the last 50 days totaled 9,074,072.
TSM stock dropped -6.80% since last month. On 08/18/23, the company’s shares reached a one-month low of $89.56. The stock touched a high of $110.69 on 06/13/23, after rallying from a low of $59.43 in 52 weeks. The price of TSM stock has risen by 26.19% or $19.51 this year, reaching a new high 18 times. Still, the stock price is down -15.08% from the 52-week high.
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Valuation Metrics
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a trailing price-to-earnings (P/E) ratio of 16.06. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.63, the price-to-book (PB) ratio of 4.86.
Company paid $0.4724 per share in dividends, a decrease of -3.39% from $0.4890 last year.
Financial Health
For the three months ended June 29, Taiwan Semiconductor Manufacturing Company Limited’s quick ratio was 2.10, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.29, and the total debt to equity ratio is 0.30. As far as profitability goes, gross margin for the trailing twelve months is 58.60% percent. Taiwan Semiconductor Manufacturing Company Limited’s EBITDA margin for the year ended June 29 was 68.86%, whereas its operating margin stood at 48.00% for the same period. Based on annual data, it had gross profit of $43.88 billion and revenue of $73.67 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TSM’s return on assets (ROA) during the last 12 months has been 19.50%. There was a 25.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.30%.
Earnings Surprise
According to Taiwan Semiconductor Manufacturing Company Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $73.67 billion, while revenues rose by 22.32% to $0.0. It was predicted that Taiwan Semiconductor Manufacturing Company Limited’s quarterly earnings would be $1.14, but it ended up being $1.08, beating the consensus by 5.60%. EBITDA was $10.59 billion for the quarter. At the end of Taiwan Semiconductor Manufacturing Company Limited’s most recent quarter ended June 29, its liabilities totaled 63.37 billion, while its total debt was $955.06 billion.
Technical Picture
Here’s a quick look at Taiwan Semiconductor Manufacturing Company Limited’s (TSM) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 50.82%, suggesting the stock is Neutral, with a 17.74% historical volatility rate.
The stochastic %K and %D were 50.26% and 47.77% respectively, while the average true range (ATR) was 2.19. Based on the 14-day stochastic reading of 61.50%, the RSI (14) reading is 46.77%. On the 9-day MACD Oscillator, the stock is at 0.64, and the 14-day reading is at 0.45.
Analyst Ratings
In a note to investors, Susquehanna maintained its a Positive rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM). However, the firm raised their price target to $135, indicating a possible increase of 26.56% in the stock price. Analysts have assigned Taiwan Semiconductor Manufacturing Company Limited (TSM) an Buy rating. TSM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 28 others recommend it as a buy.
What is TSM’s price target for the next 12 months?
The current consensus forecast for the stock is between $85.00 and $135.00, with a median target price of $114.00. In analyzing these forecasts, the average price target given by analysts for Taiwan Semiconductor Manufacturing Company Limited (TSM) is $114.13.
