Taiwan Semiconductor Manufacturing (NYSE:TSM) Reaches New 52-Week High at $160.04 – Defense World
Posted by Defense World Staff on May 25th, 2024 
Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $160.04 and last traded at $157.77, with a volume of 5474695 shares. The stock had previously closed at $156.15.
A number of brokerages recently issued reports on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.
View Our Latest Report on Taiwan Semiconductor Manufacturing
The stock has a 50-day simple moving average of $142.03 and a two-hundred day simple moving average of $122.60. The firm has a market capitalization of $829.72 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC grew its stake in Taiwan Semiconductor Manufacturing by 2.0% during the 3rd quarter. Corient Private Wealth LLC now owns 399,141 shares of the semiconductor company’s stock worth $34,690,000 after buying an additional 7,908 shares during the last quarter. NBC Securities Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $362,000. Ieq Capital LLC grew its stake in Taiwan Semiconductor Manufacturing by 12.9% during the 3rd quarter. Ieq Capital LLC now owns 6,552 shares of the semiconductor company’s stock worth $569,000 after buying an additional 747 shares during the last quarter. Lincoln National Corp grew its stake in Taiwan Semiconductor Manufacturing by 3.4% during the 3rd quarter. Lincoln National Corp now owns 6,873 shares of the semiconductor company’s stock worth $597,000 after buying an additional 228 shares during the last quarter. Finally, LGT Group Foundation grew its stake in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. LGT Group Foundation now owns 62,857 shares of the semiconductor company’s stock worth $5,509,000 after buying an additional 6,331 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other 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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