The trading price of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed higher on Tuesday, Jan 12, closing at $122.6, 0.33% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $121.68 and $125.20. The company’s P/E ratio in the trailing 12-month period was 36.4, while its 5Y monthly beta was 1. In examining the 52-week price action we see that the stock hit a 52-week high of $126.29 and a 52-week low of $42.7. Over the past month, the stock has gained 18.01% in value.
Taiwan Semiconductor Manufacturing Company Limited, whose market valuation is $542.3 Billion at the time of this writing. The dividend yield on the company stock is 1.41, while its Forward Dividend ratio is 1.74. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.94 per share this quarter, however they have predicted annual earnings per share of $3.44 for 2021 and $3.86 for 2022. It means analysts are expecting annual earnings per share growth of 0.6% this year and 0.12% next year.
Analysts have forecast the company to bring in revenue of $12.91 Billion for the quarter, with the likely lows of $12.7 Billion and highs of $13.12 Billion. The average estimate suggests sales will likely up by 24.2% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $47.24 Billion. The company’s revenue is forecast to grow by +36.4% over what it did in 2020.
On the technical side, indicators suggest TSM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TSM a recommendation rating is 34. Out of them, 1 rate it a Hold, while 26 recommend Buy, whereas 5 assign an Outperform rating. 1 analyst(s) have tagged Taiwan Semiconductor Manufacturing Company Limited (TSM) as Underperform, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.49, which symbolizes a positive outlook. A quick review shows that TSM’s price is currently 13% off the SMA20 and 22.09% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.01, and weekly volatility stands at 4.57%. When measured over the past 30 days, the indicator reaches 2.49%. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s beta value is currently sitting at 1, while the Average True Range indicator is currently displaying 3.56. With analysts defining $74-$149 as the low and high price targets, we arrive at a consensus price target of $112.8 for the trailing 12-month period. The current price is about -39.84% off the estimated low and 21.14% off the forecast high, based on this estimate. Investors will be thrilled if TSM’s share price rises to $116, which is the median consensus price. At that level, TSM’s share price would be -5.69% above current price.
An evaluation of the daily trading volume of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) indicates that the 3-month average is 8.12 Million. However, this figure has declined over the past 10 days to an average of 12.83 Million.
Currently, records show that 5.19 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 19.09%. The stats also highlight that short interest as of December 14, 2020, stood at 19.71 Million shares, resulting in a short ratio of 2.19 at that time. From this, we can conclude that short interest is 0.38% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 17.81 Million. However, since the stock’s price has seen +12.8% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.