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Is a Correction Looming Ahead for Taiwan Semiconductor Manufacturing Company Limited (TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) went up by 2.98% from its latest closing price compared to the recent 1-year high of $132.75. The company’s stock price has collected 4.63% of gains in the last five trading sessions. Barron’s reported on 11/29/22 that Buy Taiwan Semi Stock Into a Weak Chip Market, Says J.P. Morgan

Is It Worth Investing in Taiwan Semiconductor Manufacturing Company Limited (NYSE :TSM) Right Now?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) scored a price-to-earnings ratio above its average ratio, recording 14.07 x from its present earnings ratio. Plus, the 36-month beta value for TSM is at 1.06. Opinions of the stock are interesting as 30 analysts out of 39 who provided ratings for Taiwan Semiconductor Manufacturing Company Limited declared the stock was a “buy,” while 6 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $156.34, which is $4.99 above the current price. TSM currently public float of 4.86B and currently shorts hold a 0.65% ratio of that float. Today, the average trading volume of TSM was 15.13M shares.

TSM’s Market Performance

TSM stocks went up by 4.63% for the week, with a monthly jump of 19.62% and a quarterly performance of 42.99%, while its annual performance rate touched -30.52%. The volatility ratio for the week stands at 2.57% while the volatility levels for the past 30 days are set at 2.33% for Taiwan Semiconductor Manufacturing Company Limited. The simple moving average for the period of the last 20 days is 14.58% for TSM stocks with a simple moving average of 10.57% for the last 200 days.

TSM Trading at 15.89% from the 50-Day Moving Average

After a stumble in the market that brought TSM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.43% of loss for the given period.

Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares surge +20.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.04% upper at present.

During the last 5 trading sessions, TSM rose by +4.63%, which changed the moving average for the period of 200-days by -13.13% in comparison to the 20-day moving average, which settled at $80.22. In addition, Taiwan Semiconductor Manufacturing Company Limited saw 22.20% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for TSM

Current profitability levels for the company are sitting at:

  • +49.55 for the present operating margin
  • +59.56 for the gross margin

The net margin for Taiwan Semiconductor Manufacturing Company Limited stands at +44.90. The total capital return value is set at 33.28, while invested capital returns managed to touch 30.89. Equity return is now at value 31.40, with 18.20 for asset returns.

Based on Taiwan Semiconductor Manufacturing Company Limited (TSM), the company’s capital structure generated 28.98 points at debt to equity in total, while total debt to capital is 22.47. Total debt to assets is 17.19, with long-term debt to equity ratio resting at 28.32. Finally, the long-term debt to capital ratio is 21.96.

When we switch over and look at the enterprise to sales, we see a ratio of 5.45, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 10.54 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.

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