Taiwan Semiconductor Mfg. (TSM) Shares Gap Down to $38.12

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) gapped down prior to trading on Monday . The stock had previously closed at $39.94, but opened at $38.12. Taiwan Semiconductor Mfg. shares last traded at $36.51, with a volume of 10519227 shares traded.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Taiwan Semiconductor Mfg. currently has a consensus rating of “Hold” and an average price target of $46.00.

The company has a market capitalization of $197.69 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The company has a quick ratio of 2.47, a current ratio of 2.71 and a debt-to-equity ratio of 0.05.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, April 19th. The semiconductor company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The company had revenue of $248.08 billion for the quarter, compared to analyst estimates of $250.89 billion. Taiwan Semiconductor Mfg. had a return on equity of 23.36% and a net margin of 34.83%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $3.38 EPS. research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.35 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, July 19th. Shareholders of record on Tuesday, June 26th will be paid a dividend of $1.3454 per share. The ex-dividend date is Monday, June 25th. This represents a yield of 3.49%. This is a positive change from Taiwan Semiconductor Mfg.’s previous annual dividend of $0.93. Taiwan Semiconductor Mfg.’s payout ratio is 42.40%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Securities Inc. boosted its stake in Taiwan Semiconductor Mfg. by 6.2% during the first quarter. Comerica Securities Inc. now owns 22,396 shares of the semiconductor company’s stock worth $980,000 after buying an additional 1,315 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in Taiwan Semiconductor Mfg. by 10.8% during the fourth quarter. Sawtooth Solutions LLC now owns 13,715 shares of the semiconductor company’s stock worth $544,000 after buying an additional 1,333 shares during the last quarter. Mitchell Capital Management Co. boosted its stake in Taiwan Semiconductor Mfg. by 17.2% during the first quarter. Mitchell Capital Management Co. now owns 10,279 shares of the semiconductor company’s stock worth $450,000 after buying an additional 1,506 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Taiwan Semiconductor Mfg. by 1.9% during the first quarter. Wetherby Asset Management Inc. now owns 83,387 shares of the semiconductor company’s stock worth $3,649,000 after buying an additional 1,565 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Taiwan Semiconductor Mfg. by 6.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,186 shares of the semiconductor company’s stock worth $1,277,000 after buying an additional 1,773 shares during the last quarter. 19.23% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

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