Daiwa Securities slashes price target on Taiwan Semiconductor Manufacturing Company Limited [TSM] – find out why.

Taiwan Semiconductor Manufacturing Company Limited [NYSE: TSM] gained 0.44% on the last trading session, reaching $78.23 price per share at the time. 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.

Taiwan Semiconductor Manufacturing Company Limited represents 5.19 billion in outstanding shares, while the company has a total market value of $399.35 billion with the latest information. TSM stock price has been found in the range of $76.545 to $78.23.

If compared to the average trading volume of 11.17M shares, TSM reached a trading volume of 10334220 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $119.08 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 1.70. 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.

Daiwa Securities 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 September 14, 2022. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on June 22, 2022, representing the official price target for Taiwan Semiconductor Manufacturing Company Limited stock.

The Average True Range (ATR) for Taiwan Semiconductor Manufacturing Company Limited is set at 1.94, with the Price to Sales ratio for TSM stock in the period of the last 12 months amounting to 6.64. The Price to Book ratio for the last quarter was 5.08, with the Price to Cash per share for the same quarter was set at 9.09. Price to Free Cash Flow for TSM in the course of the last twelve months was 55.44 with Quick ratio for the last quarter at 2.00.

Trading performance analysis for TSM stock

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 -4.77. With this latest performance, TSM shares dropped by -12.37% in over the last four-week period, additionally sinking by -26.70% over the last 6 months – not to mention a drop of -33.56% 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 36.05, with the RSI for the last a single of trading hit 33.10, and the three-weeks RSI is set at 38.89 for Taiwan Semiconductor Manufacturing Company Limited [TSM]. The present Moving Average for the last 50 days of trading for this stock 84.76, while it was recorded at 78.51 for the last single week of trading, and 100.62 for the last 200 days.

Taiwan Semiconductor Manufacturing Company Limited [TSM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Taiwan Semiconductor Manufacturing Company Limited [TSM] shares currently have an operating margin of +40.96 and a Gross Margin at +49.69. Taiwan Semiconductor Manufacturing Company Limited’s Net Margin is presently recorded at +37.58.

Return on Total Capital for TSM is now 25.26, given the latest momentum, and Return on Invested Capital for the company is 24.21. Return on Equity for this stock inclined to 29.69, with Return on Assets sitting at 18.39. When it comes to the capital structure of this company, Taiwan Semiconductor Manufacturing Company Limited [TSM] has a Total Debt to Total Equity ratio set at 34.86. Additionally, TSM Total Debt to Total Capital is recorded at 25.85, with Total Debt to Total Assets ending up at 20.29. Long-Term Debt to Equity for the company is recorded at 29.25, with the Long-Term Debt to Total Capital now at 21.69.

Reflecting on the efficiency of the workforce at the company, Taiwan Semiconductor Manufacturing Company Limited [TSM] managed to generate an average of $9,156,127 per employee. Receivables Turnover for the company is 9.22 with a Total Asset Turnover recorded at a value of 0.49.Taiwan Semiconductor Manufacturing Company Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.30.

Taiwan Semiconductor Manufacturing Company Limited [TSM]: An earnings per share (EPS) analysis

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 24.20%.

An analysis of insider ownership at Taiwan Semiconductor Manufacturing Company Limited [TSM]

There are presently around $68,528 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 41,488,685, which is approximately -0.344% of the company’s market cap and around 0.04% of the total institutional ownership; JPMORGAN CHASE & CO, holding 39,968,747 shares of the stock with an approximate value of $3.13 billion in TSM stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.75 billion in TSM stock with ownership of nearly -2.575% of the company’s market capitalization.

Positions in Taiwan Semiconductor Manufacturing Company Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 606 institutional holders increased their position in Taiwan Semiconductor Manufacturing Company Limited [NYSE:TSM] by around 59,957,034 shares. Additionally, 764 investors decreased positions by around 60,543,167 shares, while 200 investors held positions by with 755,477,736 shares. The mentioned changes placed institutional holdings at 875,977,937 shares, according to the latest SEC report filing. TSM stock had 102 new institutional investments in for a total of 10,079,789 shares, while 185 institutional investors sold positions of 3,686,758 shares during the same period.

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