Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01, MarketWatch Earnings reports. Taiwan Semiconductor Manufacturing had a net margin of 35.71% and a return on equity of 24.84%. The firm had revenue of $252.11 billion for the quarter, compared to analyst estimates of $249.49 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The company’s revenue was down 3.2% on a year-over-year basis.
Shares of Taiwan Semiconductor Manufacturing (NYSE TSM) traded up 2.31% on Friday, hitting $42.15. 4,822,846 shares of the stock traded hands. The stock has a market cap of $218.59 billion, a PE ratio of 18.86 and a beta of 0.74. The stock has a 50 day moving average of $38.82 and a 200-day moving average of $36.22. Taiwan Semiconductor Manufacturing has a 1-year low of $28.34 and a 1-year high of $42.18.
A number of equities research analysts have commented on TSM shares. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 10th. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Daiwa Capital Markets lowered shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a report on Thursday, October 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average target price of $27.00.
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Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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