Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.9% – Defense World
Posted by Defense World Staff on May 29th, 2024 
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) shares shot up 1.9% during mid-day trading on Monday . The stock traded as high as $160.66 and last traded at $160.00. 11,908,200 shares traded hands during trading, a decline of 21% from the average session volume of 15,002,098 shares. The stock had previously closed at $157.09.
Several research firms have recently issued reports on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.
Check Out Our Latest Analysis on Taiwan Semiconductor Manufacturing
The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The stock has a market capitalization of $827.39 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.15 and a beta of 1.13. The firm has a 50-day simple moving average of $142.99 and a 200 day simple moving average of $123.95.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted 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 firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.52%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $27,000. North Star Investment Management Corp. increased its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the period. Tsfg LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 193 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $33,000. Finally, Cherry Tree Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $33,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
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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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