Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $139.62, but opened at $135.44. Taiwan Semiconductor Manufacturing shares last traded at $135.92, with a volume of 4,224,599 shares trading hands.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.25.
View Our Latest Analysis on TSM
Taiwan Semiconductor Manufacturing Trading Down 1.9 %
The stock has a 50 day simple moving average of $123.28 and a 200-day simple moving average of $104.45. The firm has a market capitalization of $710.43 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.21 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.17 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.59%.
Institutional Trading of Taiwan Semiconductor Manufacturing
Hedge funds have recently bought and sold shares of the stock. Sanders Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after buying an additional 1,501,548 shares during the period. Capital World Investors boosted its holdings in Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after buying an additional 4,240,928 shares during the period. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after buying an additional 7,045,899 shares during the period. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after buying an additional 442,289 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after buying an additional 1,649,279 shares during the period. Institutional investors own 16.51% of the company’s stock.
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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