The trading price of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) floating higher at last check on Tuesday, September 21, closing at $115.16, 0.40% higher than its previous close. [>> 7 Top Picks for the Post-Pandemic Economy 3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. Click here for full details and to join for free Sponsored Taiwan Semiconductor Manufacturing Company Limited, whose market valuation is $547.83 billion at the time of this writing. The dividend yield on the company stock is 1.55%, while its Forward Dividend ratio is 1.78. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.04 per share this quarter, however they have predicted annual earnings per share of $4.05 for 2021 and $4.8 for 2022. It means analysts are expecting annual earnings per share growth of 19.50% this year and 18.50% next year. Analysts have forecast the company to bring in revenue of $14.82 billion for the current quarter, with the likely lows of $14.69 billion and highs of $14.98 billion. The average estimate suggests sales will likely up by 22.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $56.51 billion. The company’s revenue is forecast to grow by 24.20% over what it did in 2021. A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Taiwan Semiconductor Manufacturing Company Limited 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TSM has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell. Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TSM a recommendation rating is 37. Out of them, 4 rate it a Hold, while 25 recommend Buy, whereas 8 assign an Overweight rating. 0 analyst(s) have tagged Taiwan Semiconductor Manufacturing Company Limited (TSM) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares. If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.85, which symbolizes a positive outlook. A quick review shows that TSM’s price is currently -3.78% off the SMA20 and -2.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.89, and weekly volatility stands at 1.67%. When measured over the past 30 days, the indicator reaches 1.61%. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s beta value is currently sitting at 0.90, while the Average True Range indicator is currently displaying 2.45. With analysts defining $120.00-$204.00 as the low and high price targets, we arrive at a consensus price target of $150.07 for the trailing 12-month period. The current price is about -4.2% off the estimated low and -77.14% off the forecast high, based on this estimate. Investors will be thrilled if TSM’s share price rises to $139.00, which is the median consensus price. At that level, TSM’s share price would be -20.7% below current price. To see how Taiwan Semiconductor Manufacturing Company Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: TSM stock’s performance was 0.40% at last check in today’s session, and 42.96% in the past year, while NVIDIA Corporation (NVDA) has been trading 0.95% in recent session and positioned 73.21% higher than it was a year ago. Another comparable company Analog Devices Inc. (ADI) saw its stock trading 1.06% higher in today’s session but was up 47.49% in a year. Furthermore, Texas Instruments Incorporated (TXN) showed an increase of 0.51% today while its price kept inclining at 38.89% over the past year. Taiwan Semiconductor Manufacturing Company Limited has a P/E ratio of 29.79, compared to NVIDIA Corporation’s 75.43 and Analog Devices Inc.’s 37.09. Also during today’s trading, the S&P 500 Index has surged 0.61%, while the Dow Jones Industrial also saw a positive session, up 0.69% today. An evaluation of the daily trading volume of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) indicates that the 3-month average is 8.27 million. However, this figure has increased over the past 10 days to an average of 7.38 million. Currently, records show that 5.19 billion of the company’s shares remain outstanding. The institutions hold 17.20%. The stats also highlight that short interest as of Jul 29, 2021, stood at 17.93 million shares, resulting in a short ratio of 2.03 at that time. From this, we can conclude that short interest is 0.35% of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 14.96 million. However, since the stock’s price has seen 5.19% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
