Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) shares were down 3.2% on Monday . The company traded as low as $168.11 and last traded at $168.32. Approximately 6,785,591 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 15,101,097 shares. The stock had previously closed at $173.96.
Wall Street Analysts Forecast Growth
TSM has been the topic of several research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $173.60.
Read Our Latest Research Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Stock Down 3.8 %
The company has a market cap of $867.95 billion, a PE ratio of 32.06, a PEG ratio of 1.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a fifty day simple moving average of $152.18 and a 200 day simple moving average of $132.58.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.
Institutional Trading of Taiwan Semiconductor Manufacturing
Several large investors have recently added to or reduced their stakes in the stock. Cadence Bank grew its position in Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after acquiring an additional 69 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 1st quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 74 shares in the last quarter. Toth Financial Advisory Corp increased its stake in Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after buying an additional 74 shares during the period. Principle Wealth Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 1.3% in the 1st quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 77 shares during the last quarter. Finally, BOKF NA grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 81 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Company Profile
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 provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
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