Stocks at New Highs, New Lows for 11/12

by Alyssa Oursler | November 12, 2012 11:13 am

Let’s take a look at one stock hitting a new 52-week high, and one finding a new 52-week low today:

New High: Taiwan Semiconductors

Shares of Taiwan Semiconductor (NYSE:TSM[1]), which have been on their way up since late July, continued to climb this morning as analysts at Goldman Sachs upgraded the company from a “neutral” rating to a “conviction buy.”

The stock gained more than 1% right after the bell, sending it to a new high just under $17 and bringing its total year-to-date gains to more than 28%.

The company — the world’s biggest contract chipmaker — has been on a solid streak. Late last month, it posted a record third-quarter profit[2] thanks to increased demand in China.

More recently, the company reported that sales in October[3] hit a new high. The company boasted revenue of $1.17 billion for the month — a jump of around 15% month-over-month and 33% year-over-year.

Taiwan Semiconductors has expressed reservations about its performance for the final two months of the year, though. The company expects sales to dwindle some thanks to inventory adjustments.

Taiwan Semiconductor provides chips to tech giants like Qualcomm (NASDAQ:QCOMM[4]) and Advanced Micro Devices (NYSE:AMD[5]).

New Low: Strayer Education

For-profit school Strayer Education (NASDAQ:STRA[6]) took a hit Monday morning on the heels of its Q3 report. The stock lost nearly 5% not long after the market opened. STRA now trades at a 52-week low of just over $44 — 54% off its $97 price-tag at the start of the year.

The company posted an EPS of 36 cents per share — 4 cents above the consensus — but that was a significant slip from the $1.20 per share it made a year ago. The top line also dwindled a dismal 9%, while enrollment dipped 5% in the fall term.

Strayer is not alone in its struggles. The industry is being slowed by increased regulations in the face the high drop-out rate and record levels of debt its students face. Plus, there is increased competition across the education landscape.

Apollo Group (NASDAQ:APOL[7]), DeVry (NYSE:DV[8]) and Corinthian College (NYSE:COCO[9]) all plunged on Friday. Career Education Cor (NASDAQ:CECO[10]) and Bridgepoint Education (NYSE:BPI[11]) lost 4% and 3% respectively this morning on the heels of Strayer’s slip.

As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.

  1. TSM:
  2. record third-quarter profit:
  3. sales in October:
  4. QCOMM:
  5. AMD:
  6. STRA:
  7. APOL:
  8. DV:
  9. COCO:
  10. CECO:
  11. BPI:

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