Taiwan Semiconductor Mfg. (NYSE:TSM) posted its earnings results on Thursday. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01), Morningstar.com reports. Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm had revenue of $241 billion for the quarter, compared to analysts’ expectations of $236.65 billion. During the same period in the previous year, the company earned $2.79 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Taiwan Semiconductor Mfg. updated its Q3 2019 guidance to EPS.

Shares of Taiwan Semiconductor Mfg. stock opened at $43.83 on Friday. The stock has a market cap of $223.99 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.41 and a beta of 1.03. Taiwan Semiconductor Mfg. has a twelve month low of $34.22 and a twelve month high of $45.64. The company has a 50-day moving average of $39.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 2.33.

The business also recently declared an annual dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, June 25th were paid a $1.2756 dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend was Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio is presently 45.54%.

A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in Taiwan Semiconductor Mfg. by 32.8% in the 1st quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock valued at $645,953,000 after acquiring an additional 3,897,469 shares during the last quarter. Bank of Montreal Can raised its holdings in Taiwan Semiconductor Mfg. by 158.7% in the 1st quarter. Bank of Montreal Can now owns 6,081,941 shares of the semiconductor company’s stock valued at $249,116,000 after acquiring an additional 3,731,319 shares during the last quarter. FMR LLC raised its holdings in Taiwan Semiconductor Mfg. by 22.1% in the 4th quarter. FMR LLC now owns 15,770,209 shares of the semiconductor company’s stock valued at $582,078,000 after acquiring an additional 2,854,186 shares during the last quarter. Harris Associates L P raised its holdings in Taiwan Semiconductor Mfg. by 425.3% in the 4th quarter. Harris Associates L P now owns 2,928,771 shares of the semiconductor company’s stock valued at $108,101,000 after acquiring an additional 2,371,200 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in Taiwan Semiconductor Mfg. by 3,765.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,309,198 shares of the semiconductor company’s stock valued at $230,920,000 after acquiring an additional 2,249,451 shares during the last quarter. 19.64% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, June 5th. Goldman Sachs Group set a €40.50 ($47.09) target price on shares of Koninklijke Philips and gave the stock a “buy” rating in a research note on Tuesday, May 7th. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. has a consensus rating of “Buy” and a consensus target price of $48.00.

Taiwan Semiconductor Mfg. Company Profile

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.

See Also: How do buyers and sellers choose a strike price?

Earnings History for Taiwan Semiconductor Mfg. (NYSE:TSM)

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.