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Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) Share Price Fall Recently, Although Trouble Is Still On The Horizon

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded at $94.04 at last check on Tuesday, January 24, made a downward move of -1.69% on its previous day’s price.

Looking at the stock we see that its previous close was $95.66 and the beta (5Y monthly) reads 1.14 with the day’s price range being $91.72 – $95.73. The company has a trailing 12-month PE ratio of 14.78. In terms of its 52-week price range, TSM has a high of $128.66 and a low of $59.43. The company’s stock has gained about 26.50% over that past 30 days.

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Taiwan Semiconductor Manufacturing Company Limited has a market cap of $451.57 billion. With its Forward Dividend at 1.77 and a yield of 1.85%, the company’s investors could be anxious for the TSM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.48, with the EPS growth for the year raised at $5.18 for 2022 and $5.04 for next year. These figures represent 25.70% and -2.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $20.25 billion, with a low of $20.02 billion and a high of $20.49 billion. The median projection represents growth squeezing down to 28.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $75.12 billion, or 32.20% up from figures reported last year.

There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TSM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 39 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Taiwan Semiconductor Manufacturing Company Limited (TSM) stock as a Hold, while 30 rate it as a Buy. 6 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the TSM stock currently stands at 0.69, and the most recent price level today is 15.89% off its SMA20 and 17.96% from its 50-day simple moving average. The RSI (14) is pointing at 74.04 while the volatility over the past week is 2.93% and jumps to 2.45% over the past one month. The beta value is 1.06, while the average true range (ATR) is currently pointing at 2.59. The average price target for the stock over the next 12 months is $156.34, with the estimates having a low of $72.00 and a high of $580.00. These price ends are 23.44% and -516.76% off the today’s price level respectively, although investors could be excited at the prospect of a -9.93% if the TSM share price touches on the median price of $103.38.

Let’s briefly compare Taiwan Semiconductor Manufacturing Company Limited (TSM) stock to its peers. We find that today’s price change of -1.69% and -25.46% over the past 12 months for TSM competes that of NVIDIA Corporation (NVDA), which has seen its stock price fall -0.05% in the latest trading session and is -20.53% over the last one year. Another of its peers Analog Devices Inc. (ADI) has dropped -0.06% today, and was 6.95% up over the past year, while Texas Instruments Incorporated (TXN) is also down -0.68% yet, while its price remains in the green at 2.72% over the same period. Taiwan Semiconductor Manufacturing Company Limited has a P/E ratio of 14.78 compared to NVIDIA Corporation’s 81.64 and Analog Devices Inc.’s 32.19. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), we note that the average 3-month trading volume was 15.32 million, while that of the preceding 10-day period stands at 19.09 million. Current shares outstanding are 5.19 billion.

The institutions hold 17.50%. The data shows that short shares as of Sep 29, 2022, stood at 18.39 million at a short ratio of 1.73. This represents a 0.35% short interest in shares outstanding on Sep 29, 2022. Shares short rose in September from the previous month at 17.43 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 28.42% up in year-to-date price movement.

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