Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.2% - Here's What Happened

Key Points

• Taiwan Semiconductor Manufacturing Company's stock decreased by 3.2% during trading, reaching a low of $223.70, with a volume decline of 46% from its average daily trading.
• The company reported a 44.4% increase in revenue compared to the same quarter last year, with earnings per share of $2.47, beating expectations by $0.34.
• Equities research analysts have a buy rating on the stock, with an average price target of $258.33, indicating positive sentiment for its future performance.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) was down 3.2% during trading on Wednesday . The stock traded as low as $223.70 and last traded at $225.34. Approximately 8,088,055 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 15,006,401 shares. The stock had previously closed at $232.70.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

The business has a fifty day moving average of $231.57 and a 200-day moving average of $198.26. The firm has a market cap of $1.18 trillion, a PE ratio of 25.85, a PEG ratio of 1.15 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter last year, the firm posted $1.48 EPS. The company's revenue was up 44.4% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently modified their holdings of TSM. New Vernon Capital Holdings II LLC grew its position in Taiwan Semiconductor Manufacturing by 16,500.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 6,707,064 shares of the semiconductor company's stock worth $1,113,373,000 after acquiring an additional 6,666,660 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock worth $2,872,814,000 after acquiring an additional 6,180,445 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after acquiring an additional 4,158,772 shares during the last quarter. Nuveen LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $482,676,000. Finally, Jennison Associates LLC grew its position in Taiwan Semiconductor Manufacturing by 36.8% during the 1st quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock worth $1,578,499,000 after acquiring an additional 2,559,512 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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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