Taiwan Semiconductor Manufacturing ADR [TSM] stock prices are up 4.06% to $133.90 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TSM shares have gain 3.37% over the last week, with a monthly amount glided 18.54%, and seem to be holding up well over a long-time horizon.
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On 27, September 2023, TSMC Announces Breakthrough Set to Redefine the Future of 3D IC. In a post published today on Yahoo Finance, New 3Dblox 2.0 and 3DFabric Alliance Achievements Detailed at 2023 OIP Ecosystem Forum.
From an analyst’s perspective:
Taiwan Semiconductor Manufacturing ADR [NYSE: TSM] stock has seen the most recent analyst activity on January 19, 2024, when Needham reiterated its Buy rating and also boosted its price target to $133 from $115. Previously, TD Cowen reaffirmed its Market Perform rating on January 12, 2024, and elevated its price target to $95. On October 23, 2023, Barclays initiated with a Overweight rating and assigned a price target of $105 on the stock. Susquehanna reiterated its Positive rating and increased its price target to $135 on July 14, 2023. Susquehanna upgraded its rating to a Positive but $126 remained the price target by the analyst firm on April 17, 2023. Daiwa Securities upgraded its rating to Buy for this stock on September 14, 2022. In a note dated June 22, 2022, Loop Capital initiated an Buy rating.
The stock price of Taiwan Semiconductor Manufacturing ADR [TSM] has been fluctuating between $81.21 and $135.17 over the past year. Currently, Wall Street analysts expect the stock to reach $126 within the next 12 months. Taiwan Semiconductor Manufacturing ADR [NYSE: TSM] shares were valued at $133.90 at the most recent close of the market. An investor can expect a potential drop of -5.9% based on the average TSM price forecast.
Analyzing the TSM fundamentals
The Taiwan Semiconductor Manufacturing ADR [NYSE:TSM] reported sales of 69.27B for trailing twelve months, representing a drop of -1.55%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.26 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 130.45 points at the first support level, and at 127.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.00, and for the 2nd resistance point, it is at 140.10.
Taiwan Semiconductor Manufacturing ADR [TSM] reported earnings per share of $1.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.37/share, meaning a difference of $0.08 and a surprise factor of 5.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.29 per share as compared to estimates of $1.17 per share, a difference of $0.12 representing a surprise of 10.30%.
Ratios To Look Out For
It’s worth pointing out that Taiwan Semiconductor Manufacturing ADR [NYSE:TSM]’s Current Ratio is 2.40. Further, the Quick Ratio stands at 2.13, while the Cash Ratio is 1.6. Considering the valuation of this stock, the price to sales ratio is 10.03, the price to book ratio is 6.16 and price to earnings (TTM) ratio is 25.84.
