Could TSMC Stock Help You Retire a Millionaire?
Taiwan Semiconductor Manufacturing (NYSE: TSM) -- aka TSMC -- has made a lot of its investors rich since it publicly listed its ADR shares in the U.S. in 1997. If you had invested $33,000 in that initial offering, and reinvested your dividends over the years (after it started paying them in 2004), your TSMC holdings would be worth about $1.08 million today.
But could TSMC's long-term catalysts allow it to turn a $33,000 investment into more than $1 million again over the next three decades?
Image source: TSMC.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€368.50
-1.070%
The stock is one of the favorites of our community with 28 Buy predictions and 2 Sell predictions.
With a target price of 403 € there is a slightly positive potential of 9.36% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 368.5 €.
