Taiwan Semiconductor Manufacturing (NYSE:TSM) Reaches New 1-Year High at $145.00

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $145.00 and last traded at $139.19, with a volume of 51728703 shares changing hands. The stock had previously closed at $132.23.

A number of research analysts have issued reports on TSM shares. Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a report on Tuesday. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Susquehanna Bancshares restated a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. DZ Bank started coverage on Taiwan Semiconductor Manufacturing in a research report on Wednesday. They issued a “buy” rating and a $145.00 price objective for the company. Finally, Susquehanna restated a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and an average price target of $139.76.

The company has a 50-day moving average of $122.01 and a 200 day moving average of $118.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 2.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Taiwan Semiconductor Manufacturing had a return on equity of 29.78% and a net margin of 37.58%. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.89 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th will be issued a dividend of $0.3911 per share. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 annualized dividend and a yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 38.11%.

Large investors have recently added to or reduced their stakes in the stock. Meitav Dash Investments Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 10.7% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 265,020 shares of the semiconductor company’s stock worth $31,846,000 after acquiring an additional 25,590 shares during the period. Centaurus Financial Inc. increased its position in Taiwan Semiconductor Manufacturing by 95.3% during the second quarter. Centaurus Financial Inc. now owns 1,764 shares of the semiconductor company’s stock worth $212,000 after buying an additional 861 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Taiwan Semiconductor Manufacturing by 62.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,165 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 450 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 6.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 99,918 shares of the semiconductor company’s stock valued at $12,006,000 after acquiring an additional 6,327 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Taiwan Semiconductor Manufacturing by 5.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 53,527 shares of the semiconductor company’s stock valued at $6,432,000 after acquiring an additional 2,838 shares during the last quarter.

Taiwan Semiconductor Manufacturing Company Profile (NYSE:TSM)

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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