Analysts Set Expectations for Taiwan Semiconductor Manufacturing Company Limited’s Q3 2024 Earnings (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Analysts at Wedbush lifted their Q3 2024 earnings estimates for shares of Taiwan Semiconductor Manufacturing in a report released on Thursday, July 18th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will post earnings per share of $1.71 for the quarter, up from their prior forecast of $1.68. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2024 earnings at $1.82 EPS, FY2024 earnings at $6.32 EPS and FY2026 earnings at $10.08 EPS.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share.

Several other equities research analysts also recently issued reports on TSM. Susquehanna boosted their price objective 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, July 11th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 3.5 %

Shares of NYSE:TSM opened at $165.77 on Friday. Taiwan Semiconductor Manufacturing has a 1 year low of $84.01 and a 1 year high of $193.47. The stock has a 50-day simple moving average of $168.40 and a 200-day simple moving average of $142.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The stock has a market capitalization of $859.75 billion, a P/E ratio of 31.58, a PEG ratio of 1.10 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the business. CapWealth Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after buying an additional 21,329 shares in the last quarter. Dodge & Cox acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,396,000. Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $553,000. Finally, Credit Capital Investments LLC grew its stake in Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.