Taiwan Semiconductor Manufacturing (TSM) Earning Positive Media Coverage, Study Finds
Media coverage about Taiwan Semiconductor Manufacturing (NYSE:TSM) has trended positive on Monday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Taiwan Semiconductor Manufacturing earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.3676086367344 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Taiwan Shares Likely To Remain Rangebound (rttnews.com)
- Broadcom Limited (AVGO) Ex-Dividend Date Scheduled for September 18, (nasdaq.com)
- Zacks Investment Research Upgrades Taiwan Semiconductor Manufacturing Company Ltd. (TSM) to “Hold” (americanbankingnews.com)
- These Are the 27 Companies You Must Watch Ahead of Apple’s Big Launch Event – TheStreet.com (thestreet.com)
- Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Short Interest Update (americanbankingnews.com)
Shares of Taiwan Semiconductor Manufacturing (TSM) traded up 1.12% during mid-day trading on Monday, hitting $38.07. 6,179,576 shares of the company were exchanged. The company has a 50 day moving average of $36.70 and a 200 day moving average of $34.89. Taiwan Semiconductor Manufacturing has a 52 week low of $28.34 and a 52 week high of $38.12. The company has a market capitalization of $197.43 billion, a P/E ratio of 17.11 and a beta of 0.76.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.08). The business had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. Equities analysts anticipate that Taiwan Semiconductor Manufacturing will post $2.15 earnings per share for the current year.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has a consensus rating of “Hold” and an average target price of $31.67.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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