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.
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