Taiwan Semiconductor Mfg. Co.Ltd. (TSM) will release first quarter figures

What’s going on with TSM

Taiwan Semiconductor Mfg. Co.Ltd. (TSM) is expected to release first quarter numbers before the market opens on April 14. Analysts expect earnings of $4.83 per share for the quarter. During the same period last year, the company gained $3.95 and the stock is down -22.9% for the year.

Technical analysis

TSM was recently trading at $99.29, down $45.71 from its 12-month high and $1.67 above its 12-month low. InvestorsObserver assigns TSM a long-term technical rating of 21 and a short-term technical rating of 50. The stock has recent support above $94.68 and recent resistance below $106.82. Of the 6 analysts covering the stock, 3 rating it Strong Buy, 1 rating Buy, 2 rating Hold, 0 rating Sell and 0 rating Strong Sell, TSM earns an overall score of 34 from InvestorsObserver.

Analyst thoughts

TSM has posted annual earnings growth of 2.68% over the past five years, and analysts expect the company to increase earnings by 20.20% annually over the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects EPS of $1.14. TSM is currently trading at $99.29 with an average price target of $152.21.

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