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.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM opened at $89.77 on Monday. The company has a market cap of $465.55 billion, a PE ratio of 17.33 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $86.15 and a 200-day moving average price of $98.35. Taiwan Semiconductor Manufacturing has a 12-month low of $73.74 and a 12-month high of $145.00.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Rating) last issued its quarterly earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.05. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.68 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.31% and a net margin of 40.53%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing will post 6.3 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 16th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.19%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TSM. Susquehanna cut their price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, July 14th. Loop Capital initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They issued a "buy" rating for the company. Susquehanna Bancshares cut their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, July 14th. Cowen set a $100.00 target price on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Finally, downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average target price of $120.14.