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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) went down by -1.98% from its latest closing price compared to the recent 1-year high of $142.20. The company’s stock price has collected -1.60% of loss in the last five trading sessions. Barron’s reported on 04/23/21 that How Soon Before the Chip Shortage Ends? Taiwan Semi Looks to 2022.
Is It Worth Investing in Taiwan Semiconductor Manufacturing Company Limited (NYSE :TSM) Right Now?
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) scored a price-to-earnings ratio above its average ratio, recording 31.20 x from its present earnings ratio. Plus, the 36-month beta value for TSM is at 0.90. Opinions of the stock are interesting as 25 analysts out of 34 who provided ratings for Taiwan Semiconductor Manufacturing Company Limited declared the stock was a “buy,” while 6 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”