NYSE:TSM

Taiwan Semiconductor Manufacturing (TSM) Stock Forecast, Price & News

$87.65

+0.75 (+0.86%)

(As of 04:00 PM ET)

Compare

Today's Range: $87.02
▼
$88.42
50-Day Range: $84.29
▼
$100.85
52-Week Range: $59.43
▼
$110.69

Volume: 6.29 million shs
Average Volume: 11.23 million shs
Market Capitalization: $454.59 billion

P/E Ratio: 14.46
Dividend Yield: 1.70%
Price Target: $108.33

Taiwan Semiconductor Manufacturing MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23.8% Upside
$108.33 Price Target
Short Interest: Healthy
0.24% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.77
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.12%
From $4.82 to $5.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Computer And Technology Sector

130th out of 611 stocks

Semiconductors & Related Devices Industry

26th out of 91 stocks

2.5

Analyst's Opinion

Consensus Rating
Taiwan Semiconductor Manufacturing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $108.33, Taiwan Semiconductor Manufacturing has a forecasted upside of 23.8% from its current price of $87.48.
Amount of Analyst Coverage
Taiwan Semiconductor Manufacturing has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.24% of the float of Taiwan Semiconductor Manufacturing has been sold short.
Short Interest Ratio / Days to Cover
Taiwan Semiconductor Manufacturing has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Taiwan Semiconductor Manufacturing has recently decreased by 8.94%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Taiwan Semiconductor Manufacturing pays a meaningful dividend of 1.71%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Taiwan Semiconductor Manufacturing has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Taiwan Semiconductor Manufacturing is 24.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Taiwan Semiconductor Manufacturing will have a dividend payout ratio of 25.73% next year. This indicates that Taiwan Semiconductor Manufacturing will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TSM.

2.7

News and Social Media Coverage

News Sentiment
Taiwan Semiconductor Manufacturing has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Taiwan Semiconductor Manufacturing this week, compared to 14 articles on an average week.
Search Interest
Only 93 people have searched for TSM on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
86 people have added Taiwan Semiconductor Manufacturing to their MarketBeat watchlist in the last 30 days. This is an increase of 87% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Taiwan Semiconductor Manufacturing insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.11% of the stock of Taiwan Semiconductor Manufacturing is held by insiders.
Percentage Held by Institutions
Only 16.51% of the stock of Taiwan Semiconductor Manufacturing is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Taiwan Semiconductor Manufacturing are expected to grow by 20.12% in the coming year, from $4.82 to $5.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Taiwan Semiconductor Manufacturing is 14.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Taiwan Semiconductor Manufacturing is 14.44, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.56.
Price to Earnings Growth Ratio
Taiwan Semiconductor Manufacturing has a PEG Ratio of 3.02. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Taiwan Semiconductor Manufacturing has a P/B Ratio of 4.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock

Morris Chang founded Taiwan Semiconductor Manufacturing Company Limited in 1987. The company was founded as and remains to this day the world's leading pure-play semiconductor foundry. A semiconductor foundry manufactures semiconductors for other companies at their specification; clients of Taiwan Semiconductor include but are not limited to Advanced Micro Devices, Apple, NVIDIA and Broadcom. Even some semiconductor manufacturers with their own production facilities, such as Intel and Texas Instruments, use Taiwan Semiconductor to some degree.

This model aims to ensure Taiwan Semiconductor remains relevant to the semiconductor industry while never competing with its customers. The company’s mission statement says it all “to be the trusted technology and capacity provider of the global logic IC (integrated circuit) industry for years to come.”

The company has been traded on the Taiwan stock exchange since 1993 and the New York Stock Exchange in 1997. Taiwan Semiconductor is the 2nd most valuable semiconductor company on the market and is only supplanted by Nvidia, a primary customer. In regard to its growth, the stock has grown revenue and earnings by better than 15% annually for investors since its IPO.

The company operates a network of foundries throughout Taiwan. As of 2022, there seven operations foundries and 2 in the works, including 1 in Arizona and 1 in Japan. The Arizona plant will be operational by 2024 and will begin manufacturing with the 3 nm processes.

With these, Taiwan Semiconductor can manufacture nearly 15 million 300 mm wafers per year. The company’s capabilities include process nodes ranging from 2 microns to 4nm. The company also packages, tests, and markets integrated circuits, semiconductor devices and related services internationally. The company’s products include logic, mixed-signal, RF and embedded memory chips.

Taiwan Semiconductor has been focused on maintaining its leading position right from the start. To that end, the company tends to reinvest large amounts of capital to increase and expand production as well as in the advancement of semiconductor technology.

Among the company’s many advancements are the development of N7+ and then N5 and down to the current standard of N4. These technologies were the first commercially available extreme ultraviolet lithography processes. This technology allows for smaller circuitry on the microchip and increases the chip's transistor density and overall functioning. Areas of research are centered on 4 disciplines that include Logic, Interconnect, Memory and Artificial Intelligence. Specific avenues for research include transistor structure, ferroelectrics and on and off-chip interconnect systems.

Taiwan Semiconductor's revenue topped $57 billion in 2021. The company manufactured 12,302 different semiconductor devices that year, using 291 different technologies for 535 clients. Its products are used in mobile devices, telecommunications, automobiles, manufacturing and consumer technology, to name a few end markets.

The company employs more than 65,000 people and is committed to the shift to green energy and sustainability. To that end, it became the 1st semiconductor company to make the RE100 pledge which states it will use 100% renewable energy by the year 2050.

TSM Price History

30 days | 90 days | 365 days | Advanced Chart

TSM Stock News Headlines

September 22, 2023 | marketbeat.com

Challenges Hit Broadcom Stock, But Analysts See EPS Growth (TSM)

Broadcom stock was slapped by several recent developments, but it remains resilient due to its 2.28% yield and history of boosting the shareholder payout.

September 18, 2023 | marketbeat.com

Arm's Blockbuster IPO: Big Names and High Expectations (TSM)

Arm Holdings' $5 billion IPO marks the largest U.S. IPO of 2023, driven by strong investor interest. Major tech players are backing the chip designer's growth.

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 29, 2023 | finance.yahoo.com

Biden’s $100 Billion Chip Bet Caught Up in Arizona Union Showdown

September 29, 2023 | americanbankingnews.com

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Given Average Recommendation of "Buy" by Analysts

September 28, 2023 | finance.yahoo.com

Synopsys (SNPS) & TSMC to Advance Multi-Die System Design

September 27, 2023 | finance.yahoo.com

TSMC Announces Breakthrough Set to Redefine the Future of 3D IC

September 27, 2023 | americanbankingnews.com

Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Rating Upgraded by StockNews.com

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

September 26, 2023 | finance.yahoo.com

Synopsys' (SNPS) Design Flows Get Certification for N2 Process

September 25, 2023 | finance.yahoo.com

RPT-Mexico eyes US energy exports from solar farm, chip supply chain role

September 25, 2023 | investing.com

TSMC's 2nm chip production potentially delayed amid global semiconductor slowdown

September 24, 2023 | finance.yahoo.com

Intel's Meteor Lake Gamble Could Pay Off

September 22, 2023 | finance.yahoo.com

NVIDIA’s AI-Driven Sales Surge Faces Potential Production and Competition Challenges

September 22, 2023 | finance.yahoo.com

The Ironic Reason Artificial Intelligence (AI) Stock Nvidia Could Massively Underperform in 2024

September 21, 2023 | finance.yahoo.com

What Investors Need to Know About Intel and TSMC's Unique Relationship -- They're More Than Just Competitors

September 20, 2023 | seekingalpha.com

TSMC: AI Winner At Attractive Valuation

September 20, 2023 | finance.yahoo.com

Asian stocks creep lower ahead of Fed rate decision

September 19, 2023 | finance.yahoo.com

Why Intel Plunged at the End of the Day Today

September 19, 2023 | finance.yahoo.com

GLOBAL MARKETS-Shares slip, yields rise as market awaits likely hawkish tone from Fed

September 19, 2023 | finance.yahoo.com

Intel says newest laptop chips, software will handle generative AI

September 19, 2023 | msn.com

Taiwan Semiconductor, Arizona discuss adding advanced chip packaging capacity - report

September 18, 2023 | finance.yahoo.com

Asian chipmakers slide as TSMC report stokes demand fears

September 15, 2023 | finance.yahoo.com

Why Amazon Pulled Back Today

September 15, 2023 | finance.yahoo.com

China's Positive Economic News Gives Oil a Lift, but UAW Strike Is a Negative

September 15, 2023 | finance.yahoo.com

Wall Street Analysts See TSMC (TSM) as a Buy: Should You Invest?

September 15, 2023 | finance.yahoo.com

Chip Stocks Drop After Report Says TSMC Is Concerned About Slowing Demand

See More Headlines

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TSM Company Calendar

Ex-Dividend for 7/13 Dividend: 6/15/2023
Dividend Payable: 7/13/2023
Last Earnings: 7/20/2023
Ex-Dividend for 10/12 Dividend: 9/14/2023
Today: 10/02/2023
Dividend Payable: 10/12/2023
Next Earnings (Confirmed): 10/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:TSM
CUSIP: N/A
CIK: 1046179
Web: www.tsmc.com.tw
Phone: (863) 563-6688
Fax: 886-3563-7000
Employees: 73,090
Year Founded: 1987

Price Target and Rating

Average Stock Price Forecast: $108.33
High Stock Price Forecast: $135.00
Low Stock Price Forecast: $75.00
Forecasted Upside/Downside: +23.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.06
Trailing P/E Ratio: 14.45
Forward P/E Ratio: 18.17
P/E Growth: 3.02
Net Income: $32.31 billion
Net Margins: 43.31%
Pretax Margin: 48.41%
Return on Equity: 32.08%
Return on Assets: 19.39%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 2.42
Quick Ratio: 2.13

Sales & Book Value

Annual Sales: $75.88 billion
Price / Sales: 5.98
Cash Flow: $9.38 per share
Price / Cash Flow: 9.33
Book Value: $18.31 per share
Price / Book: 4.78

Miscellaneous

Outstanding Shares: 5,186,410,000
Free Float: 5,128,845,000
Market Cap: $454.12 billion
Optionable: Optionable
Beta: 1.07

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Key Executives

Dr. C. C. Wei
Vice Chairman & CEO

Mr. Jen-Chau Huang
VP & CFO

Mr. Y. P. Chin
Sr. VP of Operations & Overseas Operations Office

Dr. Horng-Dar Lin
VP of Corp. Information Technology & Chief Information Officer

Jeff Su
Director of Investor Relations

Ms. Sylvia Fang
VP of Legal, Gen. Counsel, Corp. Governance Officer & Sec.

Ms. Elizabeth Sun
Sr. Director of Corp. Communication Division

Ms. Li Mei He Ho
Sr. VP of HR

Dr. Wei-Jen Lo
Sr. VP of R&D

Mr. Richard B. Cassidy II
Sr. VP of Corp. Strategy Office and Overseas Office & Chairman of TSMC Arizona

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TSM Stock - Frequently Asked Questions

Should I buy or sell Taiwan Semiconductor Manufacturing stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taiwan Semiconductor Manufacturing in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TSM shares.
View TSM analyst ratings or view top-rated stocks.
What is Taiwan Semiconductor Manufacturing's stock price forecast for 2023?: 5 brokers have issued 1-year price objectives for Taiwan Semiconductor Manufacturing's shares. Their TSM share price forecasts range from $75.00 to $135.00. On average, they predict the company's share price to reach $108.33 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for TSM or view top-rated stocks among Wall Street analysts.
How have TSM shares performed in 2023?: Taiwan Semiconductor Manufacturing's stock was trading at $74.49 at the beginning of the year. Since then, TSM stock has increased by 17.5% and is now trading at $87.56.
View the best growth stocks for 2023 here.
When is Taiwan Semiconductor Manufacturing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our TSM earnings forecast.
How can I listen to Taiwan Semiconductor Manufacturing's earnings call?: Taiwan Semiconductor Manufacturing will be holding an earnings conference call on Thursday, October 19th at 2:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Taiwan Semiconductor Manufacturing's earnings last quarter?: Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced its quarterly earnings data on Thursday, July, 20th. The semiconductor company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The semiconductor company had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $15.52 billion. Taiwan Semiconductor Manufacturing had a trailing twelve-month return on equity of 32.08% and a net margin of 43.31%.
How often does Taiwan Semiconductor Manufacturing pay dividends? What is the dividend yield for Taiwan Semiconductor Manufacturing?: Taiwan Semiconductor Manufacturing announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Friday, December 15th will be given a dividend of $0.4724 per share on Thursday, January 11th. This represents a $1.89 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for TSM.
What ETFs hold Taiwan Semiconductor Manufacturing's stock?: ETFs with the largest weight of Taiwan Semiconductor Manufacturing (NYSE:TSM) stock in their portfolio include VanEck Semiconductor ETF (SMH), Matthews Emerging Markets ex China Active ETF (MEMX), Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM), Alpha Architect Freedom 100 Emerging Market ETF (FRDM), Engine No. 1 Transform Supply Chain ETF (SUPP), SPDR S&P Emerging Asia Pacific ETF (GMF), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and AXS Green Alpha ETF (NXTE).
Is Taiwan Semiconductor Manufacturing a good dividend stock?: Taiwan Semiconductor Manufacturing (NYSE:TSM) pays an annual dividend of $1.49 per share and currently has a dividend yield of 1.71%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TSM will have a dividend payout ratio of 25.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TSM.

What guidance has Taiwan Semiconductor Manufacturing issued on next quarter's earnings?: Taiwan Semiconductor Manufacturing issued an update on its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $16.70 billion-$17.50 billion, compared to the consensus revenue estimate of $17.68 billion.
What is Morris Chang's approval rating as Taiwan Semiconductor Manufacturing's CEO?: 289 employees have rated Taiwan Semiconductor Manufacturing Chief Executive Officer Morris Chang on Glassdoor.com. Morris Chang has an approval rating of 96% among the company's employees. This puts Morris Chang in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Taiwan Semiconductor Manufacturing own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Taiwan Semiconductor Manufacturing investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Alibaba Group (BABA), QUALCOMM (QCOM), Micron Technology (MU), Cisco Systems (CSCO), PayPal (PYPL), Tesla (TSLA) and Salesforce (CRM).
What is Taiwan Semiconductor Manufacturing's stock symbol?: Taiwan Semiconductor Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "TSM."
How do I buy shares of Taiwan Semiconductor Manufacturing?: Shares of TSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Taiwan Semiconductor Manufacturing's stock price today?: One share of TSM stock can currently be purchased for approximately $87.56.
How much money does Taiwan Semiconductor Manufacturing make?: Taiwan Semiconductor Manufacturing (NYSE:TSM) has a market capitalization of $454.12 billion and generates $75.88 billion in revenue each year. The semiconductor company earns $32.31 billion in net income (profit) each year or $6.06 on an earnings per share basis.
How many employees does Taiwan Semiconductor Manufacturing have?: The company employs 73,090 workers across the globe.
Does Taiwan Semiconductor Manufacturing have any subsidiaries?: The following companies are subsidiares of Taiwan Semiconductor Manufacturing: Growth Fund Limited, InveStar Semiconductor Development Fund Inc., InveStar Semiconductor Development Fund Inc. (II) LDC., TSMC China Company Limited, TSMC Design Technology Canada Inc., TSMC Development Inc., TSMC Europe B.V., TSMC Global Ltd., TSMC Japan Limited, TSMC Korea Limited, TSMC Nanjing Company Limited, TSMC North America, TSMC Partners Ltd., TSMC Solar Europe GmbH, TSMC Technology Inc., VentureTech Alliance Fund II L.P., VentureTech Alliance Fund III L.P., VisEra Technologies Company Ltd., and WaferTech LLC.
Read More
How can I contact Taiwan Semiconductor Manufacturing?: Taiwan Semiconductor Manufacturing's mailing address is NO. 8 LI-HSIN ROAD 6 SCIENCE-BASED INDUSTRIAL PARK, HSINCHU F5, 300-78. The official website for the company is www.tsmc.com.tw. The semiconductor company can be reached via phone at (863) 563-6688, via email at invest@tsmc.com, or via fax at 886-3563-7000.

This page (NYSE:TSM) was last updated on 10/2/2023 by MarketBeat.com Staff

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Taiwan Semiconductor Manufacturing (TSM) Stock Forecast, Price & News

Taiwan Semiconductor Manufacturing MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock

TSM Price History

TSM Stock News Headlines

TSM Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

TSM Stock - Frequently Asked Questions

Overall MarketRank^™