5 Companies Hit 52-Week Highs

Dollar Tree, Micron among companies achieving milestones

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Oct 17, 2017
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Dollar Tree reached the 52-week high of $91.50

Dollar Tree Inc. (DLTR, Financial)Â operates discount retail stores in the U.S. and Canada. It operates the stores under the names of Dollar Tree, Family Dollar and Dollar Tree Canada. Dollar Tree had around 14,300 stores in 48 states and five Canadian provinces as of the end of fiscal 2016. In July 2015, the company completed its acquisition of Family Dollar, roughly doubling its store base. The combined company sells goods at prices of $1 to $10, through convenient and small (average 8,000 square feet) stores, primarily in suburban areas.

The price of Dollar Tree shares has reached $91.50, which is 0.7% off the 52-week high of $92.15. Dollar Tree has a market cap of $21.67 billion; its shares were traded around $91.50 with a price-earnings (P/E) ratio of 23.46 and a price-sales (P/S) ratio of 1.02. Dollar Tree had an annual average earnings growth of 20.20% over the past 10 years. GuruFocus rated Dollar Tree the business predictability rank of 5 stars.

The company recently reported for the second fiscal quarter that consolidated net sales increased 5.7% to $5.28 billion from $5.00 billion in the prior year's second quarter. Enterprise same-store sales increased 2.4%. Gross profit increased 7.6% to $1.63 billion compared to $1.51 billion in the prior year's second quarter. Net income compared to the prior year's second quarter increased $63.6 million to $233.8 million, and diluted earnings per share increased 36.1% to 98 cents compared to 72 cents in the prior year's quarter.

Chairman Emeritus Macon F. Brock Jr. sold 63,000 shares for $91.04 per share on Oct. 13. The stock price has increased by 0.51% since.

Interactive Brokers Group reached the 52-week high of $47.72

Interactive Brokers Group Inc. (IBKR, Financial)Â is an automated electronic broker and market maker engaged in routing orders and executing and processing trades in securities, futures, foreign exchange instruments and mutual funds.

The price of Interactive Brokers Group shares has reached $47.72, which is 0.9% off the 52-week high of $48.15. Interactive Brokers Group has a market cap of $19.7 billion; its shares were traded around $47.72 with a P/E ratio of 47.25 and a P/S ratio of 15.06. Interactive Brokers Group's trailing 12-month dividend yield is 0.84%. The forward dividend yield is 0.84%. Interactive Brokers Group had an annual average earnings growth of 2.50% over the past five years.

Interactive Brokers Group recently reported diluted earnings per share on a comprehensive basis of 41 cents for the quarter ended June 30 compared to diluted earnings per share on a comprehensive basis of 36 cents for the same period in 2016. Net revenues were $387 million and income before income taxes was $204 million this quarter, compared to net revenues of $369 million and income before income taxes of $213 million for the same period in 2016.

Chief Financial Officer Paul Jonathan Brody sold 11,241 shares for $47.73 per share on Oct. 12. The stock price has decreased by 0.02% since.

Micron Technology reached the 52-week high of $41.49

Micron Technology Inc. (MU, Financialalong with its subsidiaries manufactures semiconductor systems. Its product portfolio consists of memory and storage technologies such as DRAM, NAND, NOR and 3D XPoint memory. Micron Technology has historically focused on providing dynamic random-access memory for PCs and servers. The firm has expanded into the NAND flash memory market over the past decade. It has also gained a meaningful presence in the NOR flash market with its 2010 Numonyx acquisition and is increasing its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

The price of Micron Technology shares has reached $41.49, which is 1.4% off the 52-week high of $42.07. Micron Technology has a market cap of $46.22 billion; its shares were traded around $41.49 with a P/E ratio of 9.60 and P/S ratio of 2.34.

Micron Technology had an annual average earnings growth of 16.60% over the past 10 years. GuruFocus rated Micron Technology the business predictability rank of 3 stars.

Executive Vice President, Technology Development, Scott J. DeBoer sold 16,950 shares for $41.40 per share on Oct. 10. The stock price has increased by 0.22% since.

Marsh & McLennan reached the 52-week high of $83.91

Marsh & McLennan Companies Inc. (MMC, Financial)Â is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory and management consulting. Its four main operating companies are Marsh, Mercer, Oliver Wyman Group and Guy Carpenter.

The price of Marsh & McLennan shares has reached $83.91, which is 0.7% off the 52-week high of $84.52. Marsh & McLennan has a market cap of $43.01 billion; its shares were traded around $83.91 with a P/E ratio of 23.17 and P/S ratio of 3.24. Marsh & McLennan's trailing 12-month dividend yield is 1.70%. The forward dividend yield is 1.79%. Marsh & McLennan had an annual average earnings growth of 9.60% over the past 10 years. GuruFocus rated Marsh & McLennan the business predictability rank of 2 stars.

The company recently reported that consolidated revenue was $3.5 billion in the second quarter, an increase of 4% compared with the second quarter of 2016. On an underlying basis, revenue increased 3%. Operating income was $764 million, an increase of 5% from the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, increased 7% to $788 million. Net income attributable to the company was $501 million. On a per share basis, net income per share attributable to the company rose 7% to 96 cents from 90 cents last year. Adjusted earnings per share of $1.00 was up 10%.

Taiwan Semiconductor Manufacturing reached the 52-week high of $40.89

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM, Financial)Â engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices. In addition, it also manufactures masks. Taiwan Semiconductor Manufacturing is the world's largest dedicated chip foundry, with almost 54.5% market share in 2016 (according to Gartner's March data). Taiwan Semiconductor was founded in 1987 as a joint venture of Philips, the government of Taiwan and private investors. It went public as an ADR in the U.S. in 1997. Taiwan Semiconductor's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business.

The price of Taiwan Semiconductor shares has reached $40.89, which is -0.1% off the 52-week high of $40.86. Taiwan Semiconductor has a market cap of $204.13 billion; its shares were traded around $40.89 with a P/E ratio of 17.71 and a P/S ratio of 6.36. Taiwan Semiconductor's trailing 12-month dividend yield is 2.84%. The forward dividend yield of Taiwan Semiconductor is 2.84%. Taiwan Semiconductor had an annual average earnings growth of 14.10% over the past 10 years. GuruFocus rated Taiwan Semiconductor the business predictability rank of 3 stars.

The company recently announced consolidated revenue of 213.86 billion Taiwan new dollars ($7.092 billion), net income of 66.27 billion Taiwan new dollars and diluted earnings per share of 2.56 Taiwan new dollars for the second quarter ended June 30. Year over year, second-quarter revenue decreased 3.6% while net income and diluted EPS both decreased 8.6%. Compared to the first quarter, second-quarter results represent an 8.6% decrease in revenue, and a 24.4% decrease in net income.

Disclosure: I do not own these stocks.