Taiwan Semiconductor Manufacturing Co. (TSM) Reaches New 1-Year High at $27.37
Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.37 and last traded at $27.27, with a volume of 3,461,295 shares trading hands. The stock had previously closed at $26.73.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Friday. Daiwa Capital Markets upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $16.00 to $17.00 and gave the stock a “negative” rating in a report on Monday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $24.33.
The company has a 50-day moving average price of $25.66 and a 200-day moving average price of $24.21. The stock has a market capitalization of $141.32 billion and a PE ratio of 15.80.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 14th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business earned $203.50 billion during the quarter. The firm’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the business earned $3.05 EPS. Equities analysts predict that Taiwan Semiconductor Manufacturing Co. will post $12.78 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Thursday, July 21st. Stockholders of record on Wednesday, June 29th will be given a $0.744 dividend. The ex-dividend date of this dividend is Monday, June 27th.
Other large investors have modified their holdings of the company. Buckingham Capital Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 13.3% in the third quarter. Buckingham Capital Management Inc. now owns 50,053 shares of the company’s stock worth $1,039,000 after buying an additional 5,880 shares during the period. I.G. Investment Management LTD. boosted its stake in Taiwan Semiconductor Manufacturing by 9.3% in the fourth quarter. I.G. Investment Management LTD. now owns 868,424 shares of the company’s stock valued at $19,757,000 after buying an additional 74,035 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 2.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 165,527 shares of the company’s stock valued at $3,766,000 after buying an additional 4,480 shares during the last quarter. US Bancorp DE boosted its stake in Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. US Bancorp DE now owns 897,189 shares of the company’s stock valued at $20,411,000 after buying an additional 11,477 shares during the last quarter. Finally, Carmignac Gestion purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $105,018,000.
Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.
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