TSM Stock Summary and Trading Ideas (Taiwan Semiconductor Manufacturing Company Ltd. | NYSE:TSM)

Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the us in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.

Taiwan Semiconductor Manufacturing Company Ltd. trades on the NYSE stock market under the symbol TSM.

As of November 15, 2024, TSM stock price declined to $186.01 with 8,312,503 million shares trading.

TSM has a beta of 2.20, meaning it tends to be more sensitive to market movements. TSM has a correlation of 0.43 to the broad based SPY ETF.

TSM has a market cap of $964.65 billion. This is considered a Mega Cap stock.

Last quarter Taiwan Semiconductor Manufacturing Company Ltd. reported $23 billion in Revenue and $1.94 earnings per share. This beat revenue expectation by $410 million and exceeded earnings estimates by $.14.

In the last 3 years, TSM traded as high as $212.60 and as low as $59.43.

The top ETF exchange traded funds that TSM belongs to (by Net Assets): SMH, SOXX, AVEM, SOXL, CGGO.

TSM has outperformed the market in the last year with a return of +90.5%, while the SPY ETF gained +31.8%. In the last 3 month period, TSM beat the market returning +7.3%, while SPY returned +6.2%. However, in the most recent 2 weeks TSM has underperformed the stock market by returning -3.6%, while SPY returned +2.6%.

TSM support price is $184.64 and resistance is $192.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSM shares will trade within this expected range on the day.