Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Get Free Report)’s stock price was down 2.9% during trading on Monday . The stock traded as low as $420.29 and last traded at $421.4330. 14,180,300 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 13,904,271 shares. The stock had previously closed at $434.11.
Key Taiwan Semiconductor Manufacturing News
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: TSMC posted record June revenue and beat second-quarter sales expectations, signaling continued strength in AI-related chip demand and reinforcing confidence ahead of earnings. Reuters: TSMC Q2 revenue jumps 36% from a year earlier, beating market expectations
- Positive Sentiment: The company’s first-half revenue rose 35.6% from a year earlier, showing that growth remains robust even after an already strong prior quarter. CNBC: TSMC, the world’s largest contract chipmaker, reports 68% surge in June revenue
- Positive Sentiment: TSMC also announced plans to add two advanced chip packaging plants in Taiwan, which supports its long-term capacity expansion and AI supply-chain position. Reuters: TSMC to add 2 advanced chip packaging plants in Chiayi, Taiwan minister says
- Neutral Sentiment: Broader market weakness and geopolitical tensions weighed on sentiment across technology stocks, which may be limiting enthusiasm despite TSMC’s strong operating results. Yahoo Finance: Stock Market Today: Nasdaq Slides On New U.S.-Iran Strikes
- Negative Sentiment: Some commentary questioned whether the AI spending boom can last, and a comparison piece argued Intel may have more upside from valuation and execution improvements, which could cap TSMC’s valuation. Barron’s: Why TSMC’s Record Revenue Isn’t Reviving the AI Trade
Analyst Ratings Changes
A number of equities analysts recently issued reports on TSM shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, June 17th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a “buy” rating in a report on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 17th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $500.00 to $575.00 and gave the company a “positive” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and an average target price of $449.38.
Taiwan Semiconductor Manufacturing Stock Down 2.9%
The company has a current ratio of 2.49, a quick ratio of 2.31 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.09 and a beta of 1.36. The business has a fifty day moving average price of $426.14 and a two-hundred day moving average price of $374.46.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The semiconductor company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.31 by $0.18. Taiwan Semiconductor Manufacturing had a return on equity of 36.81% and a net margin of 46.97%.The business had revenue of $35.49 billion during the quarter, compared to analysts’ expectations of $35.47 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.39 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a dividend of $1.1136 per share. This represents a $4.45 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 24.71%.
Insider Activity
In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of $79.19 per share, with a total value of $79,190.00. Following the acquisition, the vice president directly owned 5,000 shares of the company’s stock, valued at $395,950. This represents a 25.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Bor-Zen Tien bought 1,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average cost of $76.64 per share, for a total transaction of $76,640.00. Following the purchase, the vice president owned 12,051 shares of the company’s stock, valued at $923,588.64. This trade represents a 9.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 6,857 shares of company stock valued at $512,334. 1.11% of the stock is owned by company insiders.
Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in Taiwan Semiconductor Manufacturing by 66.3% during the 4th quarter. Capital Research Global Investors now owns 3,215,353 shares of the semiconductor company’s stock worth $976,821,000 after acquiring an additional 1,281,648 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $961,000. Meridian Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 27.9% during the fourth quarter. Meridian Wealth Management LLC now owns 65,974 shares of the semiconductor company’s stock worth $20,049,000 after purchasing an additional 14,406 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 273.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 81,189 shares of the semiconductor company’s stock worth $27,438,000 after purchasing an additional 59,435 shares during the period. Finally, Boyer Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $648,000. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.
TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.
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