Taiwan Semiconductor Manufacturing Company Limited [NYSE: TSM] jumped around 8.49 points on Monday, while shares priced at $128.80 at the close of the session, up 7.06%. The company report on October 26, 2021 that TSMC Recognizes Partners of the Year at 2021 OIP Ecosystem Forum.
Ecosystem Partners Receive TSMC 2021 OIP Awards for Collaborative Efforts on Semiconductor Innovation.
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TSMC (TSE: 2330, NYSE: TSM) today recognized the outstanding support and contributions of 11 EDA, IP, and Cloud Alliance partners with the distinction of OIP Partner of the Year at the TSMC 2021 Open Innovation Platform® (OIP) Ecosystem Forum. The OIP Partner of the Year awards honor TSMC OIP ecosystem partners’ pursuit of excellence in next-generation design enablement over the past year. Their collaborative efforts effectively promote innovation in the semiconductor industry. TSMC announced award winners at its 2021 OIP Ecosystem Forum, a one-of-a-kind event that brings together the semiconductor design ecosystem partners and TSMC customers, providing an ideal platform to discuss the latest technologies and design solutions for HPC, mobile, automotive, and IoT applications.
Taiwan Semiconductor Manufacturing Company Limited stock is now 7.06% up from its year-to-date (YTD) trading value. TSM Stock saw the intraday high of $129.586 and lowest of $124.00 per share. The company’s 52-week high price is 142.20, which means current price is +3.87% above from all time high which was touched on 01/03/22.
Compared to the average trading volume of 7.76M shares, TSM reached a trading volume of 18425485 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Taiwan Semiconductor Manufacturing Company Limited [TSM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSM shares is $143.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Taiwan Semiconductor Manufacturing Company Limited shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on October 11, 2021. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $85 to $105. The new note on the price target was released on June 30, 2021, representing the official price target for Taiwan Semiconductor Manufacturing Company Limited stock. Previously, the target price had yet another raise to $150, while Argus analysts kept a Buy rating on TSM stock.
The Average True Range (ATR) for Taiwan Semiconductor Manufacturing Company Limited is set at 3.27, with the Price to Sales ratio for TSM stock in the period of the last 12 months amounting to 10.98. The Price to Book ratio for the last quarter was 8.93, with the Price to Cash per share for the same quarter was set at 7.69. Price to Free Cash Flow for TSM in the course of the last twelve months was 399.87 with Quick ratio for the last quarter at 1.80.
How has TSM stock performed recently?
Taiwan Semiconductor Manufacturing Company Limited [TSM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.97. With this latest performance, TSM shares gained by 5.83% in over the last four-week period, additionally plugging by 7.29% over the last 6 months – not to mention a rise of 15.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSM stock in for the last two-week period is set at 66.34, with the RSI for the last a single of trading hit 72.36, and the three-weeks RSI is set at 62.81 for Taiwan Semiconductor Manufacturing Company Limited [TSM]. The present Moving Average for the last 50 days of trading for this stock 118.88, while it was recorded at 122.60 for the last single week of trading, and 117.18 for the last 200 days.
Taiwan Semiconductor Manufacturing Company Limited [TSM]: Deeper insight into the fundamentals
Taiwan Semiconductor Manufacturing Company Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.10.
Earnings analysis for Taiwan Semiconductor Manufacturing Company Limited [TSM]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Taiwan Semiconductor Manufacturing Company Limited go to 15.80%.
Insider trade positions for Taiwan Semiconductor Manufacturing Company Limited [TSM]
702 institutional holders increased their position in Taiwan Semiconductor Manufacturing Company Limited [NYSE:TSM] by around 46,379,655 shares. Additionally, 539 investors decreased positions by around 48,135,117 shares, while 211 investors held positions by with 764,911,380 shares. The mentioned changes placed institutional holdings at 859,426,152 shares, according to the latest SEC report filing. TSM stock had 116 new institutional investments in for a total of 8,160,410 shares, while 94 institutional investors sold positions of 9,253,543 shares during the same period.