Taiwan Semiconductor Mfg. (NYSE:TSM) Reaches New 1-Year High at $61.57

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $61.57 and last traded at $61.38, with a volume of 2052471 shares. The stock had previously closed at $58.62.

Several research analysts have commented on the company. Macquarie downgraded Taiwan Semiconductor Mfg. from an “outperform” rating to a “neutral” rating in a report on Friday, March 27th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Susquehanna Bancshares cut Taiwan Semiconductor Mfg. from a “positive” rating to a “negative” rating and set a $40.00 target price on the stock. in a research report on Friday, April 17th. Finally, Wedbush began coverage on Taiwan Semiconductor Mfg. in a research report on Monday, April 27th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

The firm has a market capitalization of $320.91 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.26 and a beta of 0.88. The business has a 50 day simple moving average of $54.56 and a 200-day simple moving average of $54.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.36.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, April 16th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Taiwan Semiconductor Mfg. had a net margin of 34.54% and a return on equity of 24.82%. The business had revenue of $10.31 billion for the quarter. Equities analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.3304 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.18%. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is presently 61.86%.

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Taiwan Semiconductor Mfg. by 157.5% in the 1st quarter. Wellington Management Group LLP now owns 28,863,936 shares of the semiconductor company’s stock valued at $1,379,407,000 after buying an additional 17,654,228 shares during the last quarter. Capital World Investors grew its position in shares of Taiwan Semiconductor Mfg. by 14.0% in the 4th quarter. Capital World Investors now owns 62,946,855 shares of the semiconductor company’s stock valued at $3,657,203,000 after buying an additional 7,745,472 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Taiwan Semiconductor Mfg. by 6.7% in the 1st quarter. JPMorgan Chase & Co. now owns 75,185,700 shares of the semiconductor company’s stock valued at $3,593,125,000 after buying an additional 4,709,074 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Taiwan Semiconductor Mfg. by 15,994.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,539,195 shares of the semiconductor company’s stock valued at $263,727,000 after buying an additional 4,510,991 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Taiwan Semiconductor Mfg. by 13.2% in the 1st quarter. Capital International Investors now owns 37,459,080 shares of the semiconductor company’s stock valued at $1,790,170,000 after buying an additional 4,358,929 shares during the last quarter. Institutional investors own 18.68% of the company’s stock.

Taiwan Semiconductor Mfg. Company Profile (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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