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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Research analysts at Wedbush dropped their Q2 2024 earnings per share (EPS) estimates for shares of Taiwan Semiconductor Manufacturing in a report issued on Thursday, April 18th. Wedbush analyst M. Bryson now expects 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.

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $129.77 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The business’s fifty day moving average is $136.49 and its 200 day moving average is $113.70. The company has a market capitalization of $673.04 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. Taiwan Semiconductor Manufacturing has a fifty-two week low of $81.21 and a fifty-two week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.36%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several hedge funds have recently bought and sold shares of the stock. Capital World Investors lifted its position in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the last quarter. Harding Loevner LP increased its stake in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after acquiring an additional 2,008,043 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Taiwan Semiconductor Manufacturing by 6.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after acquiring an additional 1,649,279 shares during the last quarter. Hedge funds and other institutional investors 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.