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 Upgrades and Downgrades
Several research analysts recently issued reports on TSM shares. Loop Capital began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a "buy" rating on the stock. Susquehanna cut their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, July 14th. Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Finally, Susquehanna Bancshares cut their price target on shares of 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.14.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM Stock traded up $0.71 during trading hours on Monday, hitting $91.57. The company's stock had a trading volume of 15,944,149 shares, compared to its average volume of 12,559,163. The stock has a market cap of $474.89 billion, a PE ratio of 17.68 and a beta of 0.98. Taiwan Semiconductor Manufacturing has a 12-month low of $73.74 and a 12-month high of $145.00. The company has a 50 day moving average of $85.48 and a 200 day moving average of $96.97. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Rating) last posted 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. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing will post 6.3 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 16th will be given a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.19%.