Taiwan Semiconductor Mfg. (TSM) Hits New 1-Year Low at $35.22

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $35.22 and last traded at $35.63, with a volume of 601858 shares trading hands. The stock had previously closed at $36.05.

TSM has been the subject of several recent research reports. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Zacks Investment Research lowered shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.00.

The company has a current ratio of 2.67, a quick ratio of 1.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $184.83 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.08 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $257.92 billion. During the same period in the previous year, the firm earned $3.47 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $114,000. Gamble Jones Investment Counsel acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $115,000. First Hawaiian Bank acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $124,000. LFA Lugano Financial Advisors SA acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $140,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Taiwan Semiconductor Mfg. during the 2nd quarter worth $120,000. 19.18% of the stock is currently owned by hedge funds and other institutional investors.

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Taiwan Semiconductor Mfg. Company Profile (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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