Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) finished Thursday with an addition of $0.97 to close at $86.41, an upside of 1.14 percent. An average of 8,022,420 shares of common stock have been traded in the last five days. There was a gain of $1.05 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 8,492,140 shares traded, while the 50-day average volume stands at 8,731,602.
TSM stock has decreased by -9.12% in the last month. The company shares reached their 1-month lowest point of $84.01 on 09/26/23. With the stock rallying to its 52-week high on 06/13/23, shares of the company touched a low of $59.43 and a high of $110.69 in 52 weeks. It has reached a new high 18 times so far this year and achieved 16.00% or $11.92 in price. In spite of this, the price is down -21.94% from the 52-week high.
Valuation Metrics
Taiwan Semiconductor Manufacturing ADR (TSM) has a trailing price-to-earnings (P/E) ratio of 14.27. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.18, the price-to-book (PB) ratio at 4.38, and the price-to-cash flow ratio at 42.22.
The company has a payout ratio of 21.29%. The company’s most recent quarterly dividend payment was $0.4724 a share, representing a down of -3.39% from $0.4890 last year.
Financial Health
The quick ratio of Taiwan Semiconductor Manufacturing ADR for the three months ended June 29 was 2.13, and the current ratio was 2.42, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.30 for the quarter ending June 29. Taiwan Semiconductor Manufacturing ADR’s EBITDA margin for the year ending June 29 is 68.86%, while its operating margin for the same period stands at 47.92%. Its gross profit as reported stood at $43.88 billion compared to revenue of $73.67 billion.
Earnings Surprise
For the three-month period that ended June 29, Taiwan Semiconductor Manufacturing ADR had $5.86 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $32.31 billion in the quarter, while revenues were grew 33.91%. The analyst consensus anticipated Taiwan Semiconductor Manufacturing ADR’s latest quarter earnings to come in at $1.08 per share, but it turned out to be $1.14, a 5.60% surprise. For the quarter, EBITDA amounted to $10.59 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Taiwan Semiconductor Manufacturing ADR (TSM) price momentum. RSI 9-day as of the close on 28 September was 39.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.97%.
As of today, TSM’s price is $85.60 +1.23% or $1.05 from its 5-day moving average. TSM is currently trading -8.83% lower than its 20-day SMA and +1.69% higher than its 100-day SMA. However, the stock’s current price level is -16.16% below the SMA50 and +7.09% above the SMA200.
The stochastic %K and %D were 15.31% and 10.93%, respectively, and the average true range (ATR) was 1.82. With the 14-day stochastic at 26.86% and the average true range at 1.89, the RSI (14) stands at 38.25%. The stock has reached -1.03 on the 9-day MACD Oscillator while the 14-day reading was at -2.45.
Analyst Ratings
Susquehanna reiterated its a Positive rating on Taiwan Semiconductor Manufacturing ADR (NYSE: TSM), but raised their price target to $128, indicating a potential price increase of 32.49% for the stock. The consensus rating for Taiwan Semiconductor Manufacturing ADR (TSM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TSM, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 26 others rate it as a “buy”.
What is TSM’s price target for the next 12 months?
Analysts predict a range of price targets between $85.00 and $135.00, with a median target of $113.00. Taking a look at these predictions, the average price target given by analysts for Taiwan Semiconductor Manufacturing ADR (TSM) stock is $113.56.
