Stock on the Move: Taiwan Semiconductor (TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported earnings for the three months ended Mar2016 on April 14, 2016. The company earned $0.38 per share on revenue of $6.14B. Analysts had been modeling earning per share of $0.38 with $6.17B in revenue.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing of electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.

Taiwan Semiconductor Manufacturing Company Limited earnings per share showed an increasing trend of 16.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 197%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual growth over the past 5 fiscal years of 13.4% when sales grew 15. It reported -8.3% sales drop, and -18% EPS decline in the last quarter.

The stock is trading at $24.72, up 42.73% from 52-week low of $17.32. The stock trades down -7.14% from its peak of $26.62 and 0.16% above the consensus price target of $24.76. Its volume clocked up at 8 million shares which is higher than the average volume of 7.19 million shares. Its market capitalization currently stands at $128.61B.