Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded down 6.39% during mid-day trading on Wednesday, hitting $21.035. 28,540,856 shares of the company’s stock traded hands. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $15.70 and a 52-week high of $23.07. The stock has a 50-day moving average of $21.50 and a 200-day moving average of $19.48. The company has a market cap of $109.1 billion and a price-to-earnings ratio of 18.12. Taiwan Semiconductor Mfg. Co. Ltd. also saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 45,689,661 shares, a decline of 10.4% from the June 13th total of 50,985,326 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,149,444 shares, the days-to-cover ratio is presently 6.4 days.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) last announced its earnings results on Wednesday, July 16th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $2.00 earnings per share. On average, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post $1.46 earnings per share for the current fiscal year.
The company also recently announced a annual dividend, which is scheduled for Wednesday, August 6th. Investors 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 analysts have also recently weighed in on TSM. Analysts at Susquehanna downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. to a “neutral” rating in a research note on Wednesday. Analysts at HSBC downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.20.
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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