Taiwan Semiconductor Manufacturing (NYSE:TSM) Hits New 52-Week High at $145.00

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

A number of research firms have recently commented on TSM. Atlantic Securities upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $125.00 to $170.00 in a report on Thursday. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Thursday. Susquehanna restated a “hold” rating and issued a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. DZ Bank began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. They issued a “buy” rating and a $145.00 price target on the stock. Finally, Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $139.76.

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 2.09. The company’s fifty day simple moving average is $121.13 and its 200-day simple moving average is $118.06. The company has a market capitalization of $721.85 billion, a P/E ratio of 36.78, a PEG ratio of 1.65 and a beta of 0.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 net margin of 37.93% and a return on equity of 29.08%. The company had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.89 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.18 EPS for the current year.

The firm also recently announced 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. This represents a $1.56 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 39.85%.

Large investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock valued at $4,494,000 after buying an additional 3,599 shares in the last quarter. Carret Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 55.1% in the 3rd quarter. Carret Asset Management LLC now owns 24,060 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 8,550 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.8% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,430 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 206 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 196.2% in the 3rd quarter. CENTRAL TRUST Co now owns 41,800 shares of the semiconductor company’s stock valued at $4,667,000 after buying an additional 27,689 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.0% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 828,709 shares of the semiconductor company’s stock valued at $92,521,000 after buying an additional 39,722 shares in 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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