Taiwan Semiconductor Manufacturing (NYSE:TSM) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $12.90 billion-$13.20 billion, compared to the consensus revenue estimate of $13.15 billion.
Several research analysts recently issued reports on the company. Susquehanna restated a sell rating and set a $74.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Sanford C. Bernstein upgraded Taiwan Semiconductor Manufacturing from a market perform rating to an outperform rating and set a $149.00 price objective for the company in a research report on Tuesday, January 12th. Atlantic Securities started coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, April 19th. They set a neutral rating for the company. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a sell rating to a hold rating in a research note on Saturday, April 17th. Finally, Susquehanna Bancshares reaffirmed a sell rating and issued a $74.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing has an average rating of Hold and a consensus target price of $110.60.
Shares of NYSE TSM traded down $0.58 during trading on Tuesday, hitting $115.36. 9,284,351 shares of the company traded hands, compared to its average volume of 12,730,716. Taiwan Semiconductor Manufacturing has a 1 year low of $49.38 and a 1 year high of $142.20. The company has a 50-day moving average price of $118.53 and a 200-day moving average price of $112.67. The firm has a market capitalization of $598.27 billion, a P/E ratio of 34.10, a P/E/G ratio of 1.26 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 1.75 and a debt-to-equity ratio of 0.14.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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