Wedbush Weighs in on Taiwan Semiconductor Manufacturing Company Limited’s Q2 2024 Earnings (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Equities researchers at Wedbush reduced their Q2 2024 EPS estimates for Taiwan Semiconductor Manufacturing in a research report issued on Thursday, April 18th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will earn $1.33 per share for the quarter, down from their previous forecast of $1.36. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.10 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q3 2024 earnings at $1.52 EPS, Q4 2024 earnings at $1.84 EPS, FY2024 earnings at $6.03 EPS, Q1 2025 earnings at $1.55 EPS, Q2 2025 earnings at $1.74 EPS, Q3 2025 earnings at $2.06 EPS, Q4 2025 earnings at $2.35 EPS and FY2025 earnings at $7.70 EPS.

A number of other research firms have also issued reports on TSM. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 3.5 %

TSM stock opened at $127.70 on Monday. Taiwan Semiconductor Manufacturing has a 52-week low of $81.21 and a 52-week high of $158.40. The company’s 50 day simple moving average is $136.50 and its 200-day simple moving average is $113.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a market capitalization of $662.30 billion, a P/E ratio of 24.32, a P/E/G ratio of 0.98 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. The business had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Toth Financial Advisory Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 74 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,778 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock worth $431,000 after purchasing an additional 90 shares during the last quarter. Avestar Capital LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 95 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

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.