Overall market sentiment has been high on Taiwan Semiconductor Mfg. Co. Ltd. (TSM) stock lately. TSM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Taiwan Semiconductor Mfg. Co. Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TSM!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TSM Stock Today?
Taiwan Semiconductor Mfg. Co. Ltd. (TSM) stock has gained 2.24% while the S&P 500 has fallen -0.09% as of 1:10 PM on Wednesday, Oct 5. TSM has risen $1.63 from the previous closing price of $72.79 on volume of 6,567,798 shares. Over the past year the S&P 500 is lower by -11.93% while TSM has fallen -31.74%. TSM earned $4.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.12.
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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.
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