We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TSMC (TSM) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, TSMC (TSM - Free Report) closed at $451.15, marking a +1.03% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The chip company's stock has climbed by 6.91% in the past month, exceeding the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of TSMC in its forthcoming earnings report. In that report, analysts expect TSMC to post earnings of $4.45 per share. This would mark year-over-year growth of 52.4%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.54 billion, up 37.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.56 per share and revenue of $167.14 billion, which would represent changes of +55.49% and +36.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TSMC. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.68% higher. TSMC presently features a Zacks Rank of #2 (Buy).
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 26.97. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 26.97.
Investors should also note that TSM has a PEG ratio of 0.99 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Semiconductor - Circuit Foundry industry stood at 0.99 at the close of the market yesterday.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
TSMC (TSM) Advances While Market Declines: Some Information for Investors
In the latest trading session, TSMC (TSM - Free Report) closed at $451.15, marking a +1.03% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The chip company's stock has climbed by 6.91% in the past month, exceeding the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of TSMC in its forthcoming earnings report. In that report, analysts expect TSMC to post earnings of $4.45 per share. This would mark year-over-year growth of 52.4%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.54 billion, up 37.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.56 per share and revenue of $167.14 billion, which would represent changes of +55.49% and +36.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TSMC. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.68% higher. TSMC presently features a Zacks Rank of #2 (Buy).
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 26.97. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 26.97.
Investors should also note that TSM has a PEG ratio of 0.99 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Semiconductor - Circuit Foundry industry stood at 0.99 at the close of the market yesterday.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.