Loop Capital lifts Taiwan Semiconductor Manufacturing Company Limited [TSM] price estimate. Who else is bullish?



Taiwan Semiconductor Manufacturing Company Limited [NYSE: TSM] closed the trading session at $81.51 on 07/08/22. The day’s price range saw the stock hit a low of $79.76, while the highest price level was $82.16. The company report on June 16, 2022 that TSMC FinFlex™, N2 Process Innovations Debut at 2022 North America Technology Symposium.

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TSMC (TWSE: 2330, NYSE: TSM) today showcased the newest innovations in its advanced logic, specialty, and 3D IC technologies at the Company’s 2022 North America Technology Symposium, with the next-generation leading-edge N2 process powered by nanosheet transistors and the unique FinFlex™ technology for the N3 and N3E processes making their debut.

Resuming as an in-person event after being held online in the past two years, the North America symposium in Santa Clara, California, kicks off a series of Technology Symposiums around the world in the coming months. The Symposiums also feature an Innovation Zone that spotlights the achievements of TSMC’s emerging start-up customers.

The stocks have a year to date performance of -32.25 percent and weekly performance of -0.29 percent. The stock has been moved at -35.85 percent over the last six months. The stock has performed -13.14 percent around the most recent 30 days and changed -19.44 percent over the most recent 3-months.

If compared to the average trading volume of 10.72M shares, TSM reached to a volume of 9981633 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $139.66 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.

Loop Capital have made an estimate for Taiwan Semiconductor Manufacturing Company Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 22, 2022. The new note on the price target was released on February 07, 2022, representing the official price target for Taiwan Semiconductor Manufacturing Company Limited stock. Previously, the target price had yet another raise to $120, while Cowen analysts kept a Market Perform rating on TSM stock. On June 30, 2021, analysts increased their price target for TSM shares from 85 to 105.

The Average True Range (ATR) for Taiwan Semiconductor Manufacturing Company Limited is set at 2.88, with the Price to Sales ratio for TSM stock in the period of the last 12 months amounting to 6.90. The Price to Book ratio for the last quarter was 5.43, with the Price to Cash per share for the same quarter was set at 8.94. Price to Free Cash Flow for TSM in the course of the last twelve months was 90.38 with Quick ratio for the last quarter at 1.80.

TSM stock trade performance evaluation

Taiwan Semiconductor Manufacturing Company Limited [TSM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.29. With this latest performance, TSM shares dropped by -13.14% in over the last four-week period, additionally sinking by -35.85% over the last 6 months – not to mention a drop of -30.85% 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 42.67, with the RSI for the last a single of trading hit 45.47, and the three-weeks RSI is set at 41.81 for Taiwan Semiconductor Manufacturing Company Limited [TSM]. The present Moving Average for the last 50 days of trading for this stock 88.77, while it was recorded at 78.17 for the last single week of trading, and 108.35 for the last 200 days.

Taiwan Semiconductor Manufacturing Company Limited [TSM]: An insightful look at the core 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 per share (EPS) analysis for Taiwan Semiconductor Manufacturing Company Limited [TSM] stock

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 23.20%.

Taiwan Semiconductor Manufacturing Company Limited [TSM]: Insider Ownership positions

There are presently around $71,498 million, or 17.40% of TSM stock, in the hands of institutional investors. The top three institutional holders of TSM stocks are: SANDERS CAPITAL, LLC with ownership of 41,631,855, which is approximately -0.317% of the company’s market cap and around 0.04% of the total institutional ownership; JPMORGAN CHASE & CO, holding 38,433,451 shares of the stock with an approximate value of $3.13 billion in TSM stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.94 billion in TSM stock with ownership of nearly -0.404% of the company’s market capitalization.

702 institutional holders increased their position in Taiwan Semiconductor Manufacturing Company Limited [NYSE:TSM] by around 100,571,959 shares. Additionally, 721 investors decreased positions by around 97,040,609 shares, while 207 investors held positions by with 679,554,614 shares. The mentioned changes placed institutional holdings at 877,167,182 shares, according to the latest SEC report filing. TSM stock had 156 new institutional investments in for a total of 27,573,341 shares, while 167 institutional investors sold positions of 6,729,015 shares during the same period.