Taiwan Semiconductor Manufacturing (NYSE:TSM) Sets New 52-Week High at $129.02


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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $129.02 and last traded at $128.99, with a volume of 406430 shares trading hands. The stock had previously closed at $119.23.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Thursday, January 7th. Sanford C. Bernstein raised Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price target on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing has an average rating of “Buy” and an average target price of $105.00.

The company has a current ratio of 1.40, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $106.83 and a 200 day moving average price of $86.79. The stock has a market cap of $690.16 billion, a PE ratio of 41.14, a PEG ratio of 1.18 and a beta of 0.93.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 29.40%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 3.48 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, March 18th will be issued a dividend of $0.3463 per share. The ex-dividend date is Wednesday, March 17th. This represents a yield of 1.5%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 65.12%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lavaca Capital LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 15.6% during the 4th quarter. Lavaca Capital LLC now owns 6,657 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 900 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $240,000. Pinnacle Financial Partners Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $278,000. Global Retirement Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 8.7% during the 4th quarter. Global Retirement Partners LLC now owns 36,411 shares of the semiconductor company’s stock worth $3,970,000 after purchasing an additional 2,905 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 5.9% during the 4th quarter. Sowell Financial Services LLC now owns 20,421 shares of the semiconductor company’s stock worth $2,227,000 after purchasing an additional 1,143 shares in the last quarter. 18.52% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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