Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.1% – Defense World
Posted by Defense World Staff on Jun 22nd, 2024 
Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $177.78 and last traded at $179.57. Approximately 8,281,059 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 14,970,727 shares. The stock had previously closed at $179.69.
TSM has been the topic of a number of research reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.
Read Our Latest Report on TSM
The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company’s 50-day moving average price is $152.18 and its 200 day moving average price is $132.09. The stock has a market capitalization of $902.23 billion, a P/E ratio of 33.14, a P/E/G ratio of 1.20 and a beta of 1.11.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.
A number of institutional investors and hedge funds have recently bought and sold shares of TSM. Prudential PLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 19.4% in the 3rd quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 476 shares during the last quarter. LPL Financial LLC boosted its stake in Taiwan Semiconductor Manufacturing by 8.2% during the third quarter. LPL Financial LLC now owns 567,360 shares of the semiconductor company’s stock worth $49,304,000 after buying an additional 42,771 shares during the period. Stifel Financial Corp increased its position in Taiwan Semiconductor Manufacturing by 2.9% during the third quarter. Stifel Financial Corp now owns 609,492 shares of the semiconductor company’s stock valued at $52,965,000 after acquiring an additional 17,053 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 34.9% in the third quarter. Federated Hermes Inc. now owns 492,329 shares of the semiconductor company’s stock valued at $42,783,000 after acquiring an additional 127,368 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 44.1% in the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock worth $303,336,000 after acquiring an additional 1,068,723 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.
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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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
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