Is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) a Stock To Hold For The Long Haul?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been recommended as a long term growth pick according to Beta Research.  With their stock price currently trading around $41.86, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 19.50% earnings per share growth over the past 5 years and 17.30% revenue growth over that same time frame. 


Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock was 45.60%.  Over the last week of the month, it was -1.53%, 15.19% over the last quarter, and  21.62% for the past six months. 

Over the past 50 days, Taiwan Semiconductor Manufacturing Company Limited’s stock is -1.99% off of the high and 14.23% removed from the low.  Their 52-Week High and Low are as follows: -1.99% (High), 47.70%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $36.52 on the equity.   Analysts have a consensus recommendation of 2.60 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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