NYSE:TSM

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

$103.21

+2.26 (+2.24%)

(As of 05/26/2023 ET)

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Today's Range: $100.73
▼
$104.44
50-Day Range: $82.25
▼
$103.21
52-Week Range: $59.43
▼
$104.44

Volume: 26.14 million shs
Average Volume: 11.56 million shs
Market Capitalization: $535.26 billion

P/E Ratio: 15.95
Dividend Yield: 1.38%
Price Target: $99.75

Taiwan Semiconductor Manufacturing MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 3.4% Downside
$99.75 Price Target
Short Interest: Healthy
0.37% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.40
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.70%
From $5.31 to $6.25 Per Share

Overall MarketRank^™

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

2.27 out of 5 stars

Computer And Technology Sector

263rd out of 623 stocks

Semiconductors & Related Devices Industry

38th out of 89 stocks

1.4

Analyst's Opinion

Consensus Rating
Taiwan Semiconductor Manufacturing has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $99.75, Taiwan Semiconductor Manufacturing has a forecasted downside of 3.4% from its current price of $103.21.
Amount of Analyst Coverage
Taiwan Semiconductor Manufacturing has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.37% 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 1.9, 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 increased by 8.08%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Taiwan Semiconductor Manufacturing pays a meaningful dividend of 1.40%, 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 21.95%. 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 22.72% 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.

1.9

News and Social Media Coverage

News Sentiment
Taiwan Semiconductor Manufacturing has a news sentiment score of 0.40. 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 lower news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Taiwan Semiconductor Manufacturing this week, compared to 12 articles on an average week.
Search Interest
Only 196 people have searched for TSM on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
51 people have added Taiwan Semiconductor Manufacturing to their MarketBeat watchlist in the last 30 days. This is an increase of 9% 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 16.79% of the stock of Taiwan Semiconductor Manufacturing is held by institutions.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Taiwan Semiconductor Manufacturing are expected to grow by 17.70% in the coming year, from $5.31 to $6.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Taiwan Semiconductor Manufacturing is 15.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Taiwan Semiconductor Manufacturing is 15.95, 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 294.50.
Price to Earnings Growth Ratio
Taiwan Semiconductor Manufacturing has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Taiwan Semiconductor Manufacturing has a P/B Ratio of 5.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

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TSM Stock News Headlines

May 17, 2023 | marketbeat.com

Buffett's Latest Buys: What Stocks Is He Adding to His Portfolio? (TSM)

Berkshire Hathaway buys $13.2 billion stake in Occidental Petroleum. Capital One is a new large holding, while stakes in Bank of America and Citigroup increase.

May 3, 2023 | marketbeat.com

Wall Street Thinks These 3 MegaCaps Have the Biggest Gains Ahead (TSM)

Many other mega cap companies are on par if not better than the usual big names. Wall Street thinks these three will have the biggest gains over the next year.

May 27, 2023 | Behind the Markets (Ad)

BREAKING: The truth about war with China

Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.

May 2, 2023 | marketbeat.com

Why China's BYD May Be About To Overtake Tesla In The EV Market (TSM)

U.S. investors may be overlooking the potential of China-based EV maker BYD, which is aggressively ramping up production and has Tesla in its sights.

April 28, 2023 | marketbeat.com

Daqo New Energy Is a Budding Chinese Value Play

Daqo New Energy shares closed the day up amid pleasant outlook for 2023 within first quarter results, hidden value may suprise some investors with upside

May 27, 2023 | finance.yahoo.com

Is Japan Building Its Own TSMC to Manufacture AI Chips?

May 26, 2023 | finance.yahoo.com

2 Reasons to Buy TSMC Stock, and 1 Reason to Sell

May 25, 2023 | finance.yahoo.com

A Cheaper Way to Bet on AI Than Investing in Nvidia

May 27, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.

May 22, 2023 | finance.yahoo.com

TSMC Retakes Lead From Tencent for Asia’s Largest Market Cap

May 22, 2023 | finance.yahoo.com

20 Poorest Countries in Asia

May 22, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Taiwan Semiconductor Manufacturing (NYSE:TSM)

May 21, 2023 | seekingalpha.com

TSMC: Hostage Of Beijing

May 19, 2023 | finance.yahoo.com

TSMC (TSM) Stock Moves -0.08%: What You Should Know

May 19, 2023 | americanbankingnews.com

Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4%

May 18, 2023 | msn.com

Taiwan Semiconductor: Buffett Is Missing Out As He Bails Out (Rating Upgrade)

May 18, 2023 | americanbankingnews.com

Taiwan Semiconductor Manufacturing Sees Unusually Large Options Volume (NYSE:TSM)