Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) shares, rose in value, with the stock price down by -1.25% to the previous day’s close as strong demand from buyers drove the stock to $194.48.
Actively observing the price movement in the last trading, the stock closed the session at $196.94, falling within a range of $192.61 and $195.45. The value of beta (5-year monthly) was 1.268 whereas the PE ratio was 31.14 over 12-month period. Referring to stock’s 52-week performance, its high was $212.60, and the low was $84.95. On the whole, TSM has fluctuated by 13.02% over the past month.
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With the market capitalization of Taiwan Semiconductor Manufacturing ADR currently standing at about $1008.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 2.19, with its dividend yield at 1.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 89.41B, with a low estimate of 25.34B and a high estimate of 26.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.3B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 1.00, with the price of TSM currently trading nearly 0.84% and 8.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.41, while the 7-day volatility ratio is showing 2.20% which for the 30-day chart, stands at 2.61%. Furthermore, Taiwan Semiconductor Manufacturing ADR (TSM)’s beta value is 1.14, and its average true range (ATR) is 6.23.
A comparison of Taiwan Semiconductor Manufacturing ADR (TSM) with its peers suggests the former has fared considerably weaker in the market. TSM showed an intraday change of -1.25% in last session, and over the past year, it grew by 125.98%%.
Data on historical trading for Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) indicates that the trading volumes over the past 10 days have averaged 19.31 and over the past 3 months, they’ve averaged 15.07 million. According to company’s latest data on outstanding shares, there are 5.19 billion shares outstanding.
Nearly 0.01% of Taiwan Semiconductor Manufacturing ADR’s shares belong to company insiders and institutional investors own 16.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.4 million shares as on 2024-10-15, resulting in a short ratio of 2.06. According to the data, the short interest in Taiwan Semiconductor Manufacturing ADR (TSM) stood at 49.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 26.0 million. The stock has risen by 87.00% 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.
