While Taiwan Semiconductor Manufacturing ADR has overperformed by 0.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TSM rose by 80.36%, with highs and lows ranging from $226.40 to $112.61, whereas the simple moving average jumped by 18.01% in the last 200 days.
On July 18, 2024, TD Cowen Reiterated Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) to Hold. A report published by Needham on July 15, 2024, Reiterated its previous ‘Buy’ rating for TSM. TD Cowen also reiterated TSM shares as ‘Hold’, quoting a target price of $130 on the company’s shares in a report dated April 18, 2024. Needham resumed its ‘Buy’ rating for TSM, as published in its report on April 10, 2024. Needham’s report from January 19, 2024 suggests a price prediction of $133 for TSM shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Market Perform’.
Analysis of Taiwan Semiconductor Manufacturing ADR (TSM)
Investors in Taiwan Semiconductor Manufacturing ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $2.32 per share. Further, the quarter-over-quarter increase in sales is 36.77%, showing a positive trend in the upcoming months.
One of the most important indicators of Taiwan Semiconductor Manufacturing ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 29.96% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TSM is recording 14.79M average volume. On a monthly basis, the volatility of the stock is set at 3.54%, whereas on a weekly basis, it is put at 4.87%, with a loss of -5.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $249.35, showing growth from the present price of $209.32, which can serve as yet another indication of whether TSM is worth investing in or should be passed over.
How Do You Analyze Taiwan Semiconductor Manufacturing ADR Shares?
The Semiconductors market is dominated by Taiwan Semiconductor Manufacturing ADR (TSM) based in the Taiwan. When comparing Taiwan Semiconductor Manufacturing ADR shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 29.75, there is a growth in quarterly earnings of 54.64%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 16.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TSM shares are owned by institutional investors to the tune of 16.31% at present.
