Saturday, June 25, 2022

Investing in Taiwan Semiconductor Manufacturing Company Limited [TSM]: What You Must Know

Morgan Stanley upgraded its Taiwan Semiconductor Manufacturing Company Limited [TSM] rating to an Overweight from a an Equal-weight in a research note published on Tuesday. A number of analysts have revised their coverage, including Cowen’s analysts, who began to cover the stock in mid October with a ‘”a Market perform”‘ rating. Susquehanna also remained covering TSM and has increased its forecast on June 30, 2021 with a “Neutral” recommendation from previously “Negative” rating. Argus started covering the stock on June 22, 2021. It rated TSM as “a Buy”.


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Price Performance Review of TSM

On Tuesday, Taiwan Semiconductor Manufacturing Company Limited [NYSE:TSM] saw its stock jump 2.29% to $86.95. On the same session, the stock had its day’s lowest price of $86.00, but rose to a high of $87.75. Over the last five days, the stock has gained 1.64%. Taiwan Semiconductor Manufacturing Company Limited shares have fallen nearly -27.73% since the year began. Nevertheless, the stocks have fallen -23.82% over the past one year. While a 52-week high of $145.00 was reached on 01/13/22, a 52-week low of $83.95 was recorded on 06/17/22. SMA at 50 days reached $92.62, while 200 days put it at $110.71. A total of 9.54 million shares were traded, compared to the trading of 10.51 million shares in the previous session.

Levels Of Support And Resistance For TSM Stock

The 24-hour chart illustrates a support level at 86.05, which if violated will result in even more drops to 85.15. On the upside, there is a resistance level at 87.80. A further resistance level may holdings at 88.65. The Relative Strength Index (RSI) on the 14-day chart is 42.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.85%. Stochastics %K at 13.69% indicates the stock is a buying.

How much short interest is there in Taiwan Semiconductor Manufacturing Company Limited?

A steep rise in short interest was recorded in Taiwan Semiconductor Manufacturing Company Limited stocks on Apr 28, 2022, growing by 9.2 million shares to a total of 21.69 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 12.49 million shares. There was a rise of 42.42%, which implies that there is a positive sentiment for the stock.

Taiwan Semiconductor Manufacturing Company Limited [TSM] – Who Are The Largest Shareholders?

In filings from Sanders Capital LLC, it is revealed that the company now owns 41,631,855 shares, or roughly 0.80% of the outstanding TSM shares. In other words, the investor’s shares have fallen by -132,590 from its previous 13-F filing of 41764445.0. Additionally, Capital Research & Management Co decreased -0.40% of its stake after which the total value it holdings stand at $3,438,722,003, while Capital Research & Management Co reduced -1.01% of its stake to hold $2.81 billion in the firm. Over the last quarter, Massachusetts Financial Services sold -4,878,532 shares of Taiwan Semiconductor Manufacturing Company Limited, while Walter Scott & Partners Ltd. sold -1,137,211 shares. At present, Fisher Asset Management LLC is holding 26,188,624 shares valued at $2.5 billion. The Vanguard Group, Inc. owned 17,761,656 shares of the company at the time of its most recent 13F filing, worth $1.69 billion.

According to FactSet, Taiwan Semiconductor Manufacturing Company Limited’s share price will average $137.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 76.47 percent from its previous closing price of $85.00. Analysts expect Taiwan Semiconductor Manufacturing Company Limited stock to reach the higher price of $163.00, while the lowest price estimate is $100.00. However, 37 analysts have rated TSM stock as a Buy in their predictions for 2022.

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