Q2 2024 EPS Estimates for Taiwan Semiconductor Manufacturing Company Limited Raised by Wedbush (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Research analysts at Wedbush raised their Q2 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 post earnings per share of $1.42 for the quarter, up from their prior forecast of $1.33. 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 Q3 2024 earnings at $1.68 EPS, FY2024 earnings at $6.26 EPS, Q1 2025 earnings at $1.64 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $2.46 EPS, FY2025 earnings at $8.43 EPS and FY2026 earnings at $10.22 EPS.

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

Several other research firms have also commented on TSM. TD Cowen boosted their price objective 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. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays upped 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. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $183.60.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $187.39 on Friday. Taiwan Semiconductor Manufacturing has a 1 year low of $84.01 and a 1 year high of $193.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The company’s 50-day moving average is $165.18 and its 200 day moving average is $140.20. The stock has a market capitalization of $971.88 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.31 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date of this dividend 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 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of TSM. B. Riley Wealth Advisors Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 23,643 shares of the semiconductor company’s stock worth $2,066,000 after acquiring an additional 372 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 509.9% during the third quarter. Sunbelt Securities Inc. now owns 1,104 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 923 shares during the last quarter. Anchor Investment Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $896,000. DNB Asset Management AS lifted its position in Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. DNB Asset Management AS now owns 1,091,562 shares of the semiconductor company’s stock valued at $113,479,000 after purchasing an additional 47,992 shares during the last quarter. Finally, Baron Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 12.3% during the fourth quarter. Baron Wealth Management LLC now owns 4,845 shares of the semiconductor company’s stock valued at $504,000 after purchasing an additional 532 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

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.