Why Should We Buy Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock?
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a beta value of 0.90 and has seen 3.47 million shares traded in the recent trading session. The company, currently valued at $573.56B, closed the recent trade at $121.00 per share which meant it gained $0.01 on the day or 0.01% during that session. The TSM stock price is -17.52% off its 52-week high price of $142.20 and 54.94% above the 52-week low of $54.52. If we look at the companys 10-day average daily trading volume, we find that it stood at 7.74 million shares traded. The 3-month trading volume is 9.47 million shares. The consensus among analysts is that Taiwan Semiconductor Manufacturing Company Limited (TSM) is a Buy stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 7 rate it as Overweight. 2 out of 35 have rated it as a Hold, with 25 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.91. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) trade information  Sporting 0.01% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 06/14/21 when the TSM stock price touched $121.00 or saw a rise of 0.82%. Year-to-date, Taiwan Semiconductor Manufacturing Company Limited shares have moved 10.96%, while the 5-day performance has seen it change 2.34%. Over the past 30 days, the shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have changed 11.26%. Short interest in the company has seen 13.34 million shares shorted with days to cover at 1.61. Wall Street analysts have a consensus price target for the stock at $144.90, which means that the shares value could jump 16.49% from the levels at last check today. The projected low price target is $85.00 while the price target rests at a high of $200.00. In that case, then, we find that the latest price level in todays session is -65.29% off the targeted high while a plunge would see the stock lose 29.75% from the levels at last check today. Taiwan Semiconductor Manufacturing Company Limited (TSM) estimates and forecasts  Figures show that Taiwan Semiconductor Manufacturing Company Limited shares have underperformed across the wider relevant industry. The companys shares have gained 16.08% over the past 6 months, with this year growth rate of 20.06%, compared to 20.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 16.70% and 11.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 22.70%. 4 analysts offering their estimates for the company have set an average revenue estimate of $13.05 billion for the current quarter. 4 have an estimated revenue figure of $14.24 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $10.38 billion and $12.14 billion respectively for this quarter and the next, and analysts expect sales will grow by 25.60% for the current quarter and 17.40% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.10% over the past 5 years. Earnings growth for 2021 is a modest 50.00% while over the next 5 years, the companys earnings are expected to increase by 15.90%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! 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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)s Major holders  Insiders own 0.01% of the company shares, while shares held by institutions stand at 17.75% with a share float percentage of 17.75%. Investors are also buoyed by the number of investors in a company, with Taiwan Semiconductor Manufacturing Company Limited having a total of 1,871 institutions that hold shares in the company. The top two institutional holders are Sanders Capital, Llc with over 39.04 million shares worth more than $4.62 billion. As of Mar 30, 2021, Sanders Capital, Llc held 0.75% of shares outstanding. The other major institutional holder is Capital World Investors, with the holding of over 36.28 million shares as of Mar 30, 2021. The firms total holdings are worth over $4.29 billion and represent 0.70% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are American Balanced Fund and Vanguard International Stock Index-Emerging Markets Stk. As of Mar 30, 2021, the former fund manager holds about 0.57% shares in the company for having 29.76 million shares of worth $3.52 billion while later fund manager owns 19.51 million shares of worth $2.37 billion as of Jan 30, 2021, which makes it owner of about 0.38% of companys outstanding stock.