Recent important positive changes in fundamentals have benefitted Taiwan Semiconductor Manufacturi (NYSE: TSM): the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.
Taiwan Semiconductor Manufacturi (NYSE: TSM) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TSM is expected to continue to be a major Value Builder.
Taiwan Semiconductor Manufacturi has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Taiwan Semiconductor Manufacturi has a neutral Appreciation Score of 59 but a good Power Rating of 73, with the Positive Value Trend Rating the result.
Recent Price Action
On 1/18/24, Taiwan Semiconductor Manufacturi (NYSE: TSM) stock enjoyed a very large increase of 9.8%, closing at $113.03. Moreover, this advance was accompanied by exceptionally high trading volume at 587% of normal. Relative to the market the stock has been strong over the last nine months and has risen 10.9% during the last week.
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