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Thinking Of Investing In Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) Stock? Read This First

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -0.34% to the previous day’s close as strong demand from buyers drove the stock to $90.13.

Actively observing the price movement in the last trading, the stock closed the session at $90.44, falling within a range of $89.18 and $90.15. The value of beta (5-year monthly) was 1.24 whereas the PE ratio was 14.07 over 12-month period. Referring to stock’s 52-week performance, its high was $98.99, and the low was $59.43. On the whole, TSM has fluctuated by 9.53% over the past month.

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The company’s Forward Dividend Ratio is 2.25, with its dividend yield at 2.50%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TSM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.65, with the price of TSM currently trading nearly 4.77% and 2.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.41, while the 7-day volatility ratio is showing 1.49% which for the 30-day chart, stands at 1.69%. Furthermore, Taiwan Semiconductor Manufacturing Company Limited (TSM)’s beta value is 1.09, and its average true range (ATR) is 1.88.

A comparison of Taiwan Semiconductor Manufacturing Company Limited (TSM) with its peers suggests the former has fared considerably weaker in the market. TSM showed an intraday change of -0.34% in last session, and over the past year, it shrunk by -1.50%%. In comparison, NVIDIA Corporation (NVDA) has moved lower at -0.49% on the day and was up 80.72% over the past 12 months. On the other hand, the price of Analog Devices Inc. (ADI) has fallen -7.83% on the day. The stock, however, is off 7.21% from where it was a year ago. Additionally, there is a loss of -1.57% for Texas Instruments Incorporated (TXN) in last trading while the stock has seen an overall depriciation of -1.68%% over the past year. The PE ratio stands at 14.07 for Taiwan Semiconductor Manufacturing Company Limited, compared to 175.40 for NVIDIA Corporation, and 26.15 for Analog Devices Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.73%. Meanwhile, the Dow Jones Industrial Slipped by -0.77%.

Data on historical trading for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) indicates that the trading volumes over the past 10 days have averaged 10.73 million and over the past 3 months, they’ve averaged 9.83 million. According to company’s latest data on outstanding shares, there are 5.19 billion shares outstanding.

Taiwan Semiconductor Manufacturing Company Limited’s shares belong to company insiders and institutional investors own 17.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.7 million shares as on Apr 27, 2023, resulting in a short ratio of 1.78. According to the data, the short interest in Taiwan Semiconductor Manufacturing Company Limited (TSM) stood at 0.34% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 17.33 million. The stock has risen by 21.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSM stock heading into the next quarter.

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