Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM): A Business Review And Growth Forecast marketingsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketingsentinel.com Daily Mail and Mail on Sunday newspapers.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $119.40 and $121.53. The company’s P/E ratio in the trailing 12-month period was 31.97, while its 5Y monthly beta was 0.91. In examining the 52-week price action we see that the stock hit a 52-week high of $142.2 and a 52-week low of $49.38. Over the past month, the stock has gained 8.88% in value.
Taiwan Semiconductor Manufacturing Company Limited, whose market valuation is $545.54 Billion at the time of this writing. The dividend yield on the company stock is 1.48, while its Forward Dividend ratio is 1.75. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.91 per share this quarter, however they have predicted annual earnings per share of $3.94 for 2021 and $4.55 for 2022. It means analysts are expecting annual earnings per share growth of 0.16% this year and
Analysts have given a consensus recommendation of Buy for Taiwan Semiconductor Manufacturing Company Limited (TSM), translating to a mean rating of 2.2. Of 35 analyst(s) looking at the stock, 1 analyst(s) give TSM a Sell rating. 6 of those analysts rate the stock as Overweight while 2 advise Hold as 26 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.91.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) trade information
Analysts on Wall Street suggest a consensus price target of $144.22, implying an increase of 22.44% to the stock’s recent value. The extremes give us $85 and $200 for target low and target high price respectively. As such, TSM has been trading 69.79% off suggested target high and -27.84% from its likely low.
Chinese Companies Stockpile Chips for Autos, Exacerbating Global Chip Shortage
A global shortage of automotive chips has become critical this year, with almost all major automakers experiencing varying degrees of production cutbacks or short-term shutdowns resulting from a shortage caused by Chinese companies stockpiling chips.
Although Taiwan Semiconductor Manufacturing (TSMC), the world’s largest producer of chips, has activated its “super hot runs” queueing mode of production and has cut the production process in half, many orders are still delayed by 6 to 9 months for delivery.
Since this year, the shortage of automotive chips has led to an increasingly prominent phenomenon of car production. Volkswagen has not only cut production in China but also experienced major disruptions in global car production; Ford has cut production in the United States; Nissan, Honda, and Daimler have also experienced short-lived production shutdowns.