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

Taiwan Semiconductor Manufacturing logo
$191.56
-1.39 (-0.72%)
(As of 04:32 PM ET)

About Taiwan Semiconductor Manufacturing Stock (NYSE:TSM)

Key Stats

Today's Range
$190.60
$194.36
50-Day Range
$156.85
$205.74
52-Week Range
$91.29
$212.60
Volume
10.70 million shs
Average Volume
15.51 million shs
Market Capitalization
$993.51 billion
P/E Ratio
30.70
Dividend Yield
1.03%
Price Target
$209.00
Consensus Rating
Moderate Buy

Company Overview

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.



Taiwan Semiconductor Manufacturing Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
74th Percentile Overall Score

TSM MarketRank™: 

Taiwan Semiconductor Manufacturing scored higher than 74% of companies evaluated by MarketBeat, and ranked 240th out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Taiwan Semiconductor Manufacturing are expected to grow by 29.26% in the coming year, from $6.63 to $8.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Taiwan Semiconductor Manufacturing is 30.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Taiwan Semiconductor Manufacturing is 30.70, 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 247.01.

  • 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 7.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Taiwan Semiconductor Manufacturing's valuation and earnings.
  • Percentage of Shares Shorted

    0.49% 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 1.7, 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 2.04%, indicating that investor sentiment is improving.
  • Dividend Yield

    Taiwan Semiconductor Manufacturing pays a meaningful dividend of 1.04%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Taiwan Semiconductor Manufacturing does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Taiwan Semiconductor Manufacturing is 31.57%. 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 22.99% next year. This indicates that Taiwan Semiconductor Manufacturing will be able to sustain or increase its dividend.

  • Read more about Taiwan Semiconductor Manufacturing's dividend.
  • Percentage of Shares Shorted

    0.49% 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 1.7, 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 2.04%, indicating that investor sentiment is improving.
  • News Sentiment

    Taiwan Semiconductor Manufacturing has a news sentiment score of 0.46. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 34 news articles for Taiwan Semiconductor Manufacturing this week, compared to 32 articles on an average week.
  • Search Interest

    228 people have searched for TSM on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.
  • MarketBeat Follows

    122 people have added Taiwan Semiconductor Manufacturing to their MarketBeat watchlist in the last 30 days. This is an increase of 61% compared to the previous 30 days.
  • 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.

  • Read more about Taiwan Semiconductor Manufacturing's insider trading history.
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TSM Stock News Headlines

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TSM Stock Analysis - Frequently Asked Questions

Taiwan Semiconductor Manufacturing's stock was trading at $104.00 on January 1st, 2024. Since then, TSM stock has increased by 84.2% and is now trading at $191.56.
View the best growth stocks for 2024 here
.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) released its quarterly earnings results on Thursday, July, 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing's revenue was up 34.6% on a year-over-year basis.

Taiwan Semiconductor Manufacturing subsidiaries include these companies: 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., and others.

Top institutional investors of Taiwan Semiconductor Manufacturing include Van ECK Associates Corp (0.35%), Fiera Capital Corp (0.21%), PineStone Asset Management Inc. (0.10%) and Allspring Global Investments Holdings LLC (0.08%).
View institutional ownership trends
.

Shares of TSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Taiwan Semiconductor Manufacturing investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), BlackRock (BLK), UnitedHealth Group (UNH) and Chevron (CVX).

Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 10/9 Dividend
9/12/2024
Dividend Payable
10/09/2024
Today
11/04/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/16/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Employees
76,478
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$209.00
High Stock Price Target
$250.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$27.82 billion
Pretax Margin
47.24%

Debt

Sales & Book Value

Annual Sales
$69.30 billion
Cash Flow
$8.75 per share
Book Value
$24.51 per share

Miscellaneous

Outstanding Shares
5,186,410,000
Free Float
5,128,845,000
Market Cap
$1.01 trillion
Optionable
Optionable
Beta
1.12

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This page (NYSE:TSM) was last updated on 11/4/2024 by MarketBeat.com Staff
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