Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) saw an upside of 0.70% to close Monday at $86.24 after adding $0.6 on the day. The 5-day average trading volume is 8,300,780 shares of the company’s common stock. It has gained $89.32 in the past week and touched a new high 2 times within the past 5 days. An average of 8,330,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,909,714.
TSM’s 1-month performance is -6.80% or -$6.86 on its low of $85.02 reached on 09/25/23. The company’s shares have touched a 52-week low of $59.43 and high of $110.69, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, TSM has achieved 15.77% or $11.75 and has reached a new high 18 times. However, the current price is down -22.09% from the 52-week high price.
Valuation Metrics
TSM stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.17 while the price-to-book (PB) in the most recent quarter is 4.37, with the price to cash flow ratio at 42.14.
Taiwan Semiconductor Manufacturing ADR’s quick ratio for the recent period was 2.13, with the current ratio over the same period at 2.42. In terms of profitability, the gross margin trailing 12 months is 57.18%. The trailing 12-month EBITDA margin is 68.86%. The firm’s gross profit as reported stood at $43.88 billion against revenue of $73.67 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 33.91% to $32.31 billion, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $10.59 billion. TSM stock balance sheet for the recent quarter shows that total liabilities totaled 63.37 billion, with total debt at $955.06 billion.
Let’s look briefly at Taiwan Semiconductor Manufacturing ADR (TSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 29.74% to suggest the stock is trending oversold, with historical volatility in this time period at 17.48%.
The stock’s 5-day moving average is $86.54, reflecting a -2.92% or -$2.59 change from its current price. TSM is currently trading -7.37% above its 20-day SMA, +3.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.98% and SMA200 by+8.40%.
Stochastic %K and %D was 5.58% and 3.85% and the average true range (ATR) pointed at 1.77. The RSI (14) points at 32.63%, while the 14-day stochastic is at 13.65% with the period’s ATR at 1.88. The stock’s 9-day MACD Oscillator is pointing at -2.42 and -3.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Taiwan Semiconductor Manufacturing ADR (NYSE: TSM), Susquehanna reiterated its a Positive rating for the company but lifted their price target by $128 to $135. 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. 5 rates the stock as overweight while 27 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 $85.00 and a high of $135.00, with their median price target at $113.00. Looking at these predictions, the average price target given by analysts is for Taiwan Semiconductor Manufacturing ADR (TSM) stock is $113.41.
