Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support, account management, and engineering services, as well as manufactures masks. Its products are used in mobile devices, high performance computing, automotive electronics, and internet of things markets. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Susquehanna Bancshares dropped their price target on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, July 14th. Cowen set a $100.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Thursday, April 14th. Finally, Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.14.
Taiwan Semiconductor Manufacturing Price Performance
Shares of NYSE:TSM traded down $2.73 during mid-day trading on Tuesday, hitting $85.21. 13,009,441 shares of the stock were exchanged, compared to its average volume of 12,561,293. Taiwan Semiconductor Manufacturing has a twelve month low of $73.74 and a twelve month high of $145.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The stock's fifty day simple moving average is $86.03 and its two-hundred day simple moving average is $98.09. The company has a market cap of $441.91 billion, a P/E ratio of 16.98 and a beta of 0.98.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Rating) last released its quarterly earnings results on Thursday, July 14th. The semiconductor company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.68 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing will post 6.3 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.4625 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 15th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.19%.