Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) issued its quarterly earnings data on Thursday. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The business had revenue of $260.41 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same period last year, the business earned $2.91 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year.

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 30.53 on Friday. The firm has a market cap of $158.33 billion, a price-to-earnings ratio of 17.65 and a beta of 0.95. Taiwan Semiconductor Manufacturing has a one year low of $20.45 and a one year high of $31.48. The stock’s 50 day moving average price is $29.81 and its 200 day moving average price is $27.01.

Earnings History for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Several hedge funds and other institutional investors have recently bought and sold shares of TSM. American Century Companies Inc. boosted its position in Taiwan Semiconductor Manufacturing by 11.4% in the second quarter. American Century Companies Inc. now owns 221,966 shares of the company’s stock valued at $5,822,000 after buying an additional 22,760 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 173.2% in the second quarter. BlackRock Investment Management LLC now owns 2,241,562 shares of the company’s stock valued at $58,796,000 after buying an additional 1,421,127 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Taiwan Semiconductor Manufacturing by 34.2% in the second quarter. Segall Bryant & Hamill LLC now owns 14,900 shares of the company’s stock valued at $391,000 after buying an additional 3,800 shares in the last quarter. Trexquant Investment LP purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $795,000. Finally, Alliancebernstein L.P. boosted its position in Taiwan Semiconductor Manufacturing by 4.0% in the second quarter. Alliancebernstein L.P. now owns 2,190,305 shares of the company’s stock valued at $57,452,000 after buying an additional 84,367 shares in the last quarter. 19.51% of the stock is owned by institutional investors.

TSM has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 8th. JPMorgan Chase & Co. downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Nomura downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, September 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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