Should You Buy Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Stock After it Is Down 1.40% in a Week?

The market has been neutral on Taiwan Semiconductor Mfg. Co. Ltd. (TSM) stock recently. TSM gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Taiwan Semiconductor Mfg. Co. Ltd. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TSM!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TSM Stock Today?

Taiwan Semiconductor Mfg. Co. Ltd. (TSM) stock is down -0.13% while the S&P 500 has gained 0.01% as of 11:01 AM on Tuesday, Jun 28. TSM is down -$0.11 from the previous closing price of $85.84 on volume of 2,209,597 shares. Over the past year the S&P 500 is down -9.09% while TSM is down -28.33%. TSM earned $4.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.98. To see InvestorsObserver's Sentiment Score for Taiwan Semiconductor Mfg. Co. Ltd. click here.

More About Taiwan Semiconductor Mfg. Co. Ltd.

Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 50% market share in 2019 per Gartner. 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 U.S. 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 and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. Click Here to get the full Stock Report for Taiwan Semiconductor Mfg. Co. Ltd. stock.