TSM
Taiwan Semiconductor Manufacturing Company Technology - Semiconductors Investor Relations →
Taiwan Semiconductor Manufacturing Company (TSM) closed at $397.67 as of 2026-05-01, trading 142.1% above its 200-week moving average of $164.27. The stock is currently moving closer to the line, down from 147.5% last week. The 14-week RSI sits at 68, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.84 ratio) is neutral — neither side is clearly dominating.
Over the past 1442 weeks of data, TSM has crossed below its 200-week moving average 18 times. On average, these episodes lasted 13 weeks. Historically, investors who bought TSM at the start of these episodes saw an average one-year return of +71.0%.
With a market cap of $2.1 trillion, TSM is a mega-cap stock. The company generates a free cash flow yield of 35.0%, which is notably high. Return on equity stands at 36.2%, indicating strong profitability. The stock trades at 88.2x book value.
TSM passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 27.7 years, a hypothetical investment of $100 in TSM would have grown to $25276, compared to $1144 for the S&P 500. That represents an annualized return of 22.1% vs 9.2% for the index — confirming TSM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 24% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: TSM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TSM Crosses Below the Line?
Across 18 historical episodes, buying TSM when it crossed below its 200-week moving average produced an average return of +72.9% after 12 months (median +29.0%), compared to +9.7% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +76.3% vs +20.1% for the index.
Each line shows $100 invested at the moment TSM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TSM has crossed below its 200-week MA 18 times with an average 1-year return of +71.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1998 | Nov 1998 | 8 | 29.1% | +229.9% | +21621.3% |
| Dec 1998 | Dec 1998 | 1 | 3.9% | +239.8% | +18601.8% |
| Dec 1998 | Jan 1999 | 1 | 2.4% | +290.1% | +18272.2% |
| Nov 2000 | Jan 2001 | 5 | 15.0% | +26.1% | +9260.2% |
| Feb 2001 | Apr 2001 | 7 | 13.3% | +12.4% | +8116.3% |
| May 2001 | Jun 2001 | 1 | 1.6% | +16.7% | +8223.7% |
| Jun 2001 | Jul 2001 | 5 | 5.1% | -0.9% | +8522.9% |
| Aug 2001 | Nov 2001 | 12 | 36.7% | -19.8% | +9754.7% |
| Jun 2002 | Jan 2005 | 139 | 62.4% | -18.4% | +8140.9% |
| Feb 2005 | May 2005 | 11 | 8.9% | +21.0% | +9524.4% |
| Sep 2005 | Sep 2005 | 1 | 1.9% | +28.2% | +9847.5% |
| Oct 2005 | Oct 2005 | 3 | 3.2% | +39.8% | +9910.2% |
| Sep 2008 | Mar 2009 | 25 | 26.0% | +29.1% | +7837.3% |
| Sep 2022 | Nov 2022 | 8 | 20.8% | +18.3% | +468.9% |
| Dec 2022 | Jan 2023 | 4 | 6.6% | +37.1% | +450.7% |
| May 2023 | May 2023 | 1 | 1.0% | +82.2% | +398.2% |
| Sep 2023 | Oct 2023 | 2 | 3.3% | +106.5% | +380.9% |
| Oct 2023 | Oct 2023 | 1 | 3.9% | +140.3% | +378.9% |
| Average | 13 | — | +71.0% | — |
Frequently Asked Questions
Is TSM below its 200-week moving average?
No. Taiwan Semiconductor Manufacturing Company (TSM) is currently 142.1% above its 200-week moving average of $164.27. It would need to fall to $164.27 to cross below the line.
What is TSM's 200-week moving average price?
Taiwan Semiconductor Manufacturing Company's 200-week moving average is $164.27 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TSM drops below its 200-week moving average?
TSM has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +71.0%. These dips have historically been decent entry points. These episodes lasted 13 weeks on average.
Is TSM a good value right now?
Here's what our data says about TSM as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 68. Free cash flow yield is 35.0%. Return on equity is 36.2%. Price-to-book is 88.2x. This is not a buy or sell recommendation — always do your own research.
How does TSM compare to the S&P 500?
Over the past 27.7 years, $100 invested in TSM would have grown to $25276, compared to $1144 for the S&P 500. That's 22.1% annualized vs 9.2% for the index. TSM has outperformed the broader market over this period.
Does TSM pay a dividend?
Yes. Taiwan Semiconductor Manufacturing Company currently pays a dividend yield of 88.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01