Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.1% – Defense World
Posted by Defense World Staff on Jun 28th, 2024 
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) shares traded down 0.1% during trading on Wednesday . The stock traded as low as $171.92 and last traded at $172.40. 5,609,591 shares were traded during mid-day trading, a decline of 63% from the average session volume of 15,127,421 shares. The stock had previously closed at $172.60.
TSM has been the topic of several research analyst reports. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. 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 research 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. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $173.60.
Check Out Our Latest Stock Analysis on TSM
The stock’s 50 day moving average price is $154.04 and its 200 day moving average price is $133.84. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $890.45 billion, a PE ratio of 32.70, a P/E/G ratio of 1.18 and a beta of 1.11.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping 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 company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.
A number of institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.7% during the third quarter. Toronto Dominion Bank now owns 14,176 shares of the semiconductor company’s stock valued at $1,232,000 after acquiring an additional 631 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 20,690 shares of the semiconductor company’s stock worth $1,798,000 after purchasing an additional 495 shares during the last quarter. Eventide Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 88.2% in the 3rd quarter. Eventide Asset Management LLC now owns 6,849 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 3,209 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 116 shares during the last quarter. Finally, Hudson Portfolio Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.9% during the third quarter. Hudson Portfolio Management LLC now owns 19,113 shares of the semiconductor company’s stock worth $1,661,000 after buying an additional 715 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.
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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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