Taiwan Semiconductor Mfg. Co. Ltd. Stock Rating Lowered by Nomura (TSM)

Share on StockTwits

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was downgraded by Nomura from a “buy” rating to a “neutral” rating in a research note issued on Friday.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 1.39% during mid-day trading on Friday, hitting $20.48. The stock had a trading volume of 19,052,370 shares. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $15.70 and a 52 week high of $23.07. The stock’s 50-day moving average is $21.48 and its 200-day moving average is $19.52. The company has a market cap of $106.2 billion and a price-to-earnings ratio of 15.72. Taiwan Semiconductor Mfg. Co. Ltd. also was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 45,689,661 shares, a decrease of 10.4% from the June 13th total of 50,985,326 shares. Based on an average trading volume of 7,149,444 shares, the short-interest ratio is currently 6.4 days. Currently, 0.0% of the company’s stock are sold short.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $183.02 billion for the quarter, compared to the consensus estimate of $182.55 billion. During the same quarter last year, the company posted $2.00 earnings per share. On average, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post $1.53 earnings per share for the current fiscal year.

The company also recently announced a annual dividend, which is scheduled for Wednesday, August 6th. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.5018 per share. This represents a dividend yield of 2.35%. The ex-dividend date is Monday, July 14th.

A number of other firms have also recently commented on TSM. Analysts at Zacks upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $23.70 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Taiwan Semiconductor Mfg. Co. Ltd. in a research note on Wednesday. Finally, analysts at Susquehanna downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. to a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Taiwan Semiconductor Mfg. Co. Ltd. currently has a consensus rating of “Buy” and an average target price of $23.70.

Taiwan Semiconductor Manufacturing Co, Ltd. is principally engaged in the research, development, manufacture and distribution of integrated circuit (NYSE:TSM) related products.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Equities Research Analysts’ Ratings Reiterations for September, 16th
Equities Research Analysts’ Ratings Reiterations for September, 16th
Research Analysts’ Price Target Changes for September, 16th
Research Analysts’ Price Target Changes for September, 16th
Piper Jaffray Initiates Coverage on Vantiv
Piper Jaffray Initiates Coverage on Vantiv
Whiting Petroleum Corp Now Covered by Cann
Whiting Petroleum Corp Now Covered by Cann
The Western Union Company Now Covered by Analysts at Sterne Agee
The Western Union Company Now Covered by Analysts at Sterne Agee
XPO Logistics PT Raised to $43.00 at Deutsche Bank
XPO Logistics PT Raised to $43.00 at Deutsche Bank


Leave a Reply

 
© 2006-2014 Mideast Time.