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.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Susquehanna cut their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, July 14th. Loop Capital initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They set a "buy" rating for the company. Susquehanna Bancshares decreased their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, July 14th. Finally, Cowen set a $100.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.14.
Taiwan Semiconductor Manufacturing Trading Up 1.5 %
Shares of Taiwan Semiconductor Manufacturing stock opened at $90.86 on Friday. 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 company's 50 day moving average is $85.51 and its 200 day moving average is $97.47.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Rating) last released its quarterly earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. The firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.68 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.31% and a net margin of 40.53%. Research analysts predict that Taiwan Semiconductor Manufacturing will post 6.3 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be paid a $0.458 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.19%.