Taiwan Semiconductor Manufacturing (NYSE:TSM) trading down 2.3%

Vaseline2 weeks ago

0 4 minutes read

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Your Free Report ) traded down 2.3% during mid-day trading on Monday. The stock traded as high as $173.36 and last traded at $173.93. About 4,563,386 shares were traded mid-day, down 71% from the average daily volume of 15,499,328 shares. Shares previously closed at $177.97.

Analyst upgrades and downgrades

TSM has been the subject of several research reports. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th . One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00, according to MarketBeat.com.

Check out our latest research report on semiconductor manufacturing in Taiwan

Taiwan Semiconductor Manufacturing Price Performance

Want more great investment ideas?

The firm has a market cap of $899.32 billion, a P/E ratio of 33.13, a PEG ratio of 1.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21, and a current ratio of 2.47. The firm has a 50-day moving average of $167.50 and a 200-day moving average of $159.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% year over year. During the same period in the previous year, the firm posted EPS of $1.14. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Raises Dividends

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This represents an annualized dividend of $1.95 and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.71%.

Taiwan Semiconductor Manufacturing Institutional Trading

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in Taiwan Semiconductor Manufacturing by 9.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,848 shares of the semiconductor company’s stock worth $920,000 after acquiring an another 743 shares during that period. Evoke Wealth LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 28.2% during the 4th quarter. Evoke Wealth LLC now owns 4,035 shares of the semiconductor company’s stock valued at $421,000 after buying an additional 888 shares. in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 52.0% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,484 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 508 shares during the period. Jones Financial Companies Lllp boosted its stake in Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Jones Financial Companies Lllp now owns 736 shares of the semiconductor company’s stock worth $77,000 after buying an additional 229 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Taiwan Semiconductor Manufacturing by 9.5% during the fourth quarter. CIBC Asset Management Inc now owns 60,734 shares of the semiconductor company’s stock valued at $6,316,000 after acquiring an additional 5,293 shares during the period. 16.51% of shares are held by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

(Get a free report)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and internationally. It offers a wide range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS), mixed-signal, radio-frequency, embedded memory, bipolar CMOS mixed-signal, and others.