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.
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.
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.