Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Expected to Earn Q2 2024 Earnings of $1.33 Per Share

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Research analysts at Wedbush lowered their Q2 2024 EPS estimates for Taiwan Semiconductor Manufacturing in a report released on Thursday, April 18th. Wedbush analyst M. Bryson now expects that the semiconductor company will post earnings per share of $1.33 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.

TSM has been the subject of several other research reports. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $133.49 on Monday. The stock has a market cap of $692.33 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The company has a fifty day simple moving average of $136.61 and a 200-day simple moving average of $114.01. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing has a 12-month low of $81.21 and a 12-month high of $158.40.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Wealth Management LLC DE grew its stake in Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 671 shares during the last quarter. CapWealth Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after purchasing an additional 21,329 shares in the last quarter. LGT Capital Partners LTD. lifted its holdings in Taiwan Semiconductor Manufacturing by 4.4% in the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock worth $13,874,000 after purchasing an additional 11,427 shares during the last quarter. Finally, Verus Capital Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 53.6% in the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 1,119 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.