Wedbush Analysts Increase Earnings Estimates for TSM

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Equities researchers at Wedbush upped their FY2024 EPS estimates for Taiwan Semiconductor Manufacturing in a research report issued on Friday, November 8th. Wedbush analyst M. Bryson now anticipates that the semiconductor company will post earnings per share of $6.89 for the year, up from their previous forecast of $6.43. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.73 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2024 earnings at $2.12 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $2.03 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $8.81 EPS, Q1 2026 earnings at $2.29 EPS, Q2 2026 earnings at $2.52 EPS and FY2026 earnings at $10.61 EPS.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion.

A number of other equities analysts also recently commented on TSM. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

NYSE TSM opened at $201.20 on Monday. Taiwan Semiconductor Manufacturing has a 12 month low of $91.60 and a 12 month high of $212.60. The company’s 50-day moving average price is $183.11 and its 200-day moving average price is $170.32. The stock has a market cap of $1.04 trillion, a PE ratio of 32.24, a PEG ratio of 0.97 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in Taiwan Semiconductor Manufacturing by 17.7% in the third quarter. LPL Financial LLC now owns 1,149,145 shares of the semiconductor company’s stock valued at $199,572,000 after purchasing an additional 172,918 shares during the last quarter. Tradewinds LLC. grew its position in shares of Taiwan Semiconductor Manufacturing by 60.3% in the 3rd quarter. Tradewinds LLC. now owns 2,139 shares of the semiconductor company’s stock worth $371,000 after buying an additional 805 shares during the last quarter. Cypress Capital Group lifted its position in Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. Cypress Capital Group now owns 19,259 shares of the semiconductor company’s stock valued at $3,345,000 after acquiring an additional 300 shares during the last quarter. Overbrook Management Corp acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $8,962,000. Finally, King Luther Capital Management Corp grew its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the third quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock worth $1,201,000 after purchasing an additional 101 shares during the last quarter. 16.51% of the stock is currently 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.