Taiwan Semiconductor Manufacturing Company Limited Forecasted to Earn Q4 2024 Earnings of $1.83 Per Share (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Investment analysts at Wedbush lowered their Q4 2024 earnings estimates for shares of Taiwan Semiconductor Manufacturing in a research note issued on Wednesday, July 10th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will earn $1.83 per share for the quarter, down from their previous estimate of $1.84. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.13 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q2 2025 earnings at $1.94 EPS, Q1 2026 earnings at $2.02 EPS and Q2 2026 earnings at $2.39 EPS.

Several other research firms also recently weighed in on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $191.01 on Thursday. The company’s 50-day moving average price is $163.30 and its 200-day moving average price is $139.30. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The company has a market cap of $990.66 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.28 and a beta of 1.14. Taiwan Semiconductor Manufacturing has a twelve month low of $84.01 and a twelve month high of $192.80.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently made changes to their positions in the stock. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. LifeSteps Financial Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. North Star Investment Management Corp. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Tsfg LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 193 shares in the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $33,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.