Taiwan Semiconductor Manufacturing (NYSE:TSM) Reaches New 12-Month Low at $85.02

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $85.02 and last traded at $85.25, with a volume of 187083 shares trading hands. The stock had previously closed at $88.68.

Several brokerages recently commented on TSM. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Finally, StockNews.com began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $139.29.

The business’s 50 day moving average is $94.28 and its two-hundred day moving average is $109.43. The firm has a market cap of $443.98 billion, a P/E ratio of 18.80 and a beta of 0.94. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 0.28.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The business had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 2.16%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.89%.

A number of large investors have recently bought and sold shares of TSM. Carret Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 10.2% during the fourth quarter. Carret Asset Management LLC now owns 26,510 shares of the semiconductor company’s stock valued at $3,189,000 after buying an additional 2,450 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $3,253,000. Alliance Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 14.5% during the fourth quarter. Alliance Wealth Advisors LLC now owns 2,402 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 305 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 7.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 178,970 shares of the semiconductor company’s stock worth $21,531,000 after purchasing an additional 12,733 shares during the last quarter. Finally, Altium Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 26.5% during the fourth quarter. Altium Wealth Management LLC now owns 5,229 shares of the semiconductor company’s stock worth $629,000 after purchasing an additional 1,094 shares during the last quarter.

About Taiwan Semiconductor Manufacturing (NYSE:TSM)

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.

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