Is NYSE:TSM suited for growth investing?

In this article we will dive into TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TAIWAN SEMICONDUCTOR-SP ADR showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NYSE:TSM highlighted

• The earnings per share (EPS) of TAIWAN SEMICONDUCTOR-SP ADR have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 701.0% increase. This reflects the company's ability to improve its profitability over time.
• The quarter-to-quarter (Q2Q) revenue growth of 41.5% of TAIWAN SEMICONDUCTOR-SP ADR has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• TAIWAN SEMICONDUCTOR-SP ADR has experienced 65.63% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• TAIWAN SEMICONDUCTOR-SP ADR showcases a robust Return on Equity (ROE) of 26.0%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of TAIWAN SEMICONDUCTOR-SP ADR has been consistently solid, with a current 92.19 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. TAIWAN SEMICONDUCTOR-SP ADR exhibits strong prospects for further price appreciation.
• With a Debt-to-Equity ratio at 0.24, TAIWAN SEMICONDUCTOR-SP ADR showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• TAIWAN SEMICONDUCTOR-SP ADR demonstrates a balanced ownership structure, with institutional shareholders at 37.06%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical analysis of NYSE:TSM

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, TSM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSM is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that TSM is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, TSM also shows a nice and consistent pattern of rising prices.
• TSM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 86% of 109 stocks in the same industry.
• TSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TSM is leading the market.
• In the last month TSM has a been trading in the 191.98 - 222.20 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of TSM contains the most current technical analsysis.

How does the complete fundamental picture look for NYSE:TSM?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

We assign a fundamental rating of 5 out of 10 to TSM. TSM was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. While TSM has a great profitability rating, there are some minor concerns on its financial health. TSM is quite expensive at the moment. It does show a decent growth rate.

Check the latest full fundamental report of TSM for a complete fundamental analysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.