Research Analysts Set Expectations for TSM FY2024 Earnings

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Investment analysts at Wedbush decreased their FY2024 earnings per share estimates for shares of Taiwan Semiconductor Manufacturing in a report issued on Tuesday, December 10th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will post earnings per share of $6.83 for the year, down from their previous estimate of $6.89. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.95 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2024 earnings at $2.10 EPS, Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $2.01 EPS, Q4 2025 earnings at $2.55 EPS, FY2025 earnings at $8.72 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.50 EPS and FY2026 earnings at $10.51 EPS.

Other research analysts also recently issued research reports about the company. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $200.99 on Friday. The business has a 50 day moving average of $193.04 and a 200-day moving average of $178.12. The firm has a market cap of $1.04 trillion, a PE ratio of 32.21, a P/E/G ratio of 0.93 and a beta of 1.09. Taiwan Semiconductor Manufacturing has a 12-month low of $98.80 and a 12-month high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently modified their holdings of the business. FWG Holdings LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 50 shares during the period. Defender Capital LLC. increased its holdings in Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 56 shares during the period. Hardy Reed LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after acquiring an additional 56 shares during the period. Logan Capital Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares in the last quarter. Finally, Heron Bay Capital Management grew its position in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.09%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.25%.

About Taiwan Semiconductor Manufacturing

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.