FY2024 Earnings Forecast for TSM Issued By Wedbush

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) - Investment analysts at Wedbush lifted their FY2024 earnings per share (EPS) estimates for shares of Taiwan Semiconductor Manufacturing in a report released on Thursday, October 17th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will earn $6.43 per share for the year, up from their previous forecast of $6.32. The consensus estimate for Taiwan Semiconductor Manufacturing's current full-year earnings is $6.63 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing's Q4 2024 earnings at $1.85 EPS, Q1 2025 earnings at $1.67 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.05 EPS, Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.87 EPS and FY2026 earnings at $10.25 EPS.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.97%. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Taiwan Semiconductor Manufacturing's quarterly revenue was up 34.6% on a year-over-year basis.

Several other equities analysts have also recently issued reports on the company. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.12 on Monday, reaching $201.90. 14,806,181 shares of the stock were exchanged, compared to its average volume of 15,626,742. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.05 trillion, a PE ratio of 32.36, a PEG ratio of 1.16 and a beta of 1.14. Taiwan Semiconductor Manufacturing has a 1-year low of $84.95 and a 1-year high of $212.60. The business has a fifty day moving average price of $176.00 and a two-hundred day moving average price of $164.86.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BOKF NA grew its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company's stock valued at $249,000 after buying an additional 81 shares during the period. Cetera Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company's stock valued at $10,787,000 after purchasing an additional 35,404 shares in the last quarter. ProShare Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $210,000. Empowered Funds LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 53.8% during the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company's stock valued at $2,837,000 after acquiring an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $437,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 dividend of $0.4871 per share. The ex-dividend date of this dividend 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 payout ratio is 31.57%.

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.