Taiwan Semiconductor Manufacturing Company Limited (TSM) traded 3.34 million shares during the latest session, with a beta value of 1.06. The stock price was $92.75, reflecting a decrease of -2.16% or -$2.05 in intraday trading. TSM’s 52-week high is $110.69, down -19.34% from that peak but still up 35.92% from its 52-week low of $59.43. The company has a valuation of $443.73B.
Analysts have given TSM a consensus recommendation of “Buy,” with a mean rating of 1.70. Out of 37 analysts, 0 give TSM a “Sell” rating, 6 rate it as “Overweight,” 3 advise “Hold,” and 28 recommend it as a “Buy.” The company is estimated to earn $1.15 per share in the current quarter.
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After a -2.16% decline in the latest session, TSM has traded in the red over the past five days. The stock reached a weekly high of $96.94 on Thursday, 08/10/23, but dropped -2.16% intraday. TSM’s price performance over the past 5 days is -3.55%, and -12.14% over the past 30 days. The year-to-date price performance is 24.51%. Short interest in TSM is 13.97 million shares with a 1.51 days time to cover.
Wall Street analysts suggest a consensus price target of $114.13 for TSM, indicating a potential increase of 18.73% from the stock’s recent value. The target high price is $135.00, while the target low price is $85.00. TSM is currently trading -45.55% below the suggested target high and 8.36% above the likely low.
Comparing TSM’s share performance to its industry, the company has underperformed competitors. TSM’s shares are down -4.07% over the last 6 months, with a year-to-date growth rate of -26.48% compared to the industry average of -26.40%. Revenue is forecasted to shrink -35.80% this quarter and -34.60% for the next one. Analysts project a -12.10% decrease in revenue compared to the previous financial year.
For the current quarter, 6 analysts estimate TSM’s revenue at $16.87 billion. For Q4 2023, 6 analysts estimate revenue growth to $18.13 billion. In the last fiscal year, sales brought in $19.96 billion and $20.97 billion in the respective quarters. Analysts estimate a -15.50% decrease in current quarter sales and a -13.50% decrease in the following quarter.
Over the past 5 years, TSM’s annual earnings grew an estimated 24.30%. Projections indicate a 70.40% return in earnings for 2023, with a 6.00% annual growth rate for the next 5 years.
TSM currently has a forward dividend ratio of 1.83, with a share yield of 1.97% that has been rising over the past year. The average dividend yield for the past 5 years is 0.00%.
In terms of major holders, insiders of TSM hold 0.00% of the total outstanding shares, while institutional holders own 17.29%. FMR, LLC is the leading institutional holder with over 41.9 million shares (0.81% of shares) valued at approximately $3.9 billion. Sanders Capital, LLC holds the second-largest number of shares with 41.63 million (0.80% of shares) worth $3.87 billion. The top two Mutual Funds with the largest holdings are American Balanced Fund and Vanguard International Stock Index-Emerging Markets Stk. American Balanced Fund holds roughly 22.46 million shares (0.43% of total shares) valued at $2.09 billion, while Vanguard holds 10.55 million shares (0.20% of shares) valued at about $978.6 million.
