Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) gapped down prior to trading on Friday. The stock had previously closed at $81.75, but opened at $79.02. Taiwan Semiconductor Manufacturing shares last traded at $77.81, with a volume of 194,026 shares trading hands.
A number of research analysts recently weighed in on TSM shares. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They issued a “buy” rating for the company. Loop Capital began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They issued a “buy” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. Finally, downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $137.50.
The firm has a market cap of $399.33 billion, a PE ratio of 16.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The firm’s 50-day moving average price is $89.85 and its two-hundred day moving average price is $105.87.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. The business had revenue of $491.08 billion during the quarter, compared to the consensus estimate of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 15th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.46%.
Several large investors have recently modified their holdings of TSM. Rise Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $26,000. Curi Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $28,000. Asset Dedication LLC raised its position in Taiwan Semiconductor Manufacturing by 176.2% in the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $37,000.
About Taiwan Semiconductor Manufacturing (NYSE:TSM)
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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