Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 11,390,000 shares, a drop of 47.6% from the May 31st total of 21,740,000 shares. Based on an average daily volume of 10,520,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short.
Shares of TSM traded down $4.75 during mid-day trading on Friday, reaching $77.00. 19,525,629 shares of the company’s stock traded hands, compared to its average volume of 12,510,958. The stock has a market cap of $399.33 billion, a P/E ratio of 16.89 and a beta of 0.94. The stock’s 50-day moving average is $90.23 and its two-hundred day moving average is $106.24. Taiwan Semiconductor Manufacturing has a 12 month low of $76.18 and a 12 month high of $145.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its earnings results on Thursday, April 14th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. The firm had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% and a net margin of 38.44%. The company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Research analysts predict that Taiwan Semiconductor Manufacturing will post 5.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.4625 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.40%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.46%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Temasek Holdings Private Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $28,768,000. American Trust boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. American Trust now owns 52,944 shares of the semiconductor company’s stock valued at $5,520,000 after purchasing an additional 2,897 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 119,030 shares of the semiconductor company’s stock valued at $12,410,000 after purchasing an additional 17,000 shares during the period. Bank of America Corp DE boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.7% in the first quarter. Bank of America Corp. DE now owns 12,366,535 shares of the semiconductor company’s stock valued at $1,289,334,000 after purchasing an additional 987,792 shares during the period. Finally, Finer Wealth Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.7% in the first quarter. Finer Wealth Management Inc. Now owns 2,974 shares of the semiconductor company’s shares valued at $310,000 after purchasing an additional 569 during the period.
Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They issued a “buy” rating for the company. Loop Capital assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Finally, lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.50.
Taiwan Semiconductor Manufacturing Company Profile (Get Rating)
Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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