Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) gapped up before the market opened on Thursday . The stock had previously closed at $40.74, but opened at $41.63. Taiwan Semiconductor Mfg. shares last traded at $43.19, with a volume of 11,049,537 shares traded.
Several equities analysts have issued reports on TSM shares. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, June 5th. Finally, Goldman Sachs Group set a €40.50 ($47.09) target price on Koninklijke Philips and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.00.
The company has a quick ratio of 2.33, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $223.99 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.41 and a beta of 1.03. The company has a 50-day simple moving average of $39.84.
Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same period last year, the business posted $2.79 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2 earnings per share for the current year.
The business also recently declared an annual dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, June 25th were issued a $1.2756 dividend. The ex-dividend date was Monday, June 24th. This represents a yield of 2.56%. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 45.54%.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. Lazard Asset Management LLC increased its holdings in Taiwan Semiconductor Mfg. by 32.8% in the 1st quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock valued at $645,953,000 after purchasing an additional 3,897,469 shares in the last quarter. Bank of Montreal Can increased its holdings in Taiwan Semiconductor Mfg. by 158.7% in the 1st quarter. Bank of Montreal Can now owns 6,081,941 shares of the semiconductor company’s stock valued at $249,116,000 after purchasing an additional 3,731,319 shares in the last quarter. FMR LLC increased its holdings in Taiwan Semiconductor Mfg. by 22.1% in the 4th quarter. FMR LLC now owns 15,770,209 shares of the semiconductor company’s stock valued at $582,078,000 after purchasing an additional 2,854,186 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in Taiwan Semiconductor Mfg. by 3,765.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,309,198 shares of the semiconductor company’s stock valued at $230,920,000 after purchasing an additional 2,249,451 shares in the last quarter. Finally, Sanders Capital LLC increased its holdings in Taiwan Semiconductor Mfg. by 6.1% in the 1st quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock valued at $1,625,456,000 after purchasing an additional 2,078,500 shares in the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.
About Taiwan Semiconductor Mfg. (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.