Taiwan Semiconductor Manufacturing (NYSE:TSM) Hits New 12-Month High at $189.70 – Defense World
Posted by Defense World Staff on Jul 8th, 2024 
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $189.70 and last traded at $189.70, with a volume of 747963 shares trading hands. The stock had previously closed at $183.99.
A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.60.
Check Out Our Latest Research Report on TSM
The company has a 50-day moving average of $160.27 and a 200 day moving average of $137.77. 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 firm has a market cap of $986.61 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.26 and a beta of 1.14.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.
A number of institutional investors have recently made changes to their positions in TSM. Versant Capital Management Inc raised its stake in shares of Taiwan Semiconductor Manufacturing by 13.0% in the second quarter. Versant Capital Management Inc now owns 763 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $697,000. Heritage Wealth Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $311,000. Stokes Family Office LLC boosted its position in Taiwan Semiconductor Manufacturing by 38.7% in the 2nd quarter. Stokes Family Office LLC now owns 2,566 shares of the semiconductor company’s stock valued at $446,000 after buying an additional 716 shares during the last quarter. Finally, Institutional & Family Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 94.4% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 276 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 134 shares during the period. 16.51% of the stock is 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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