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

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

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

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $133.49 on Monday. The firm has a market cap of $692.33 billion, a P/E ratio of 25.43, a PEG ratio of 0.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The firm has a 50-day moving average of $136.61 and a 200 day moving average of $114.01.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently modified their holdings of the stock. Tsfg LLC raised its position in Taiwan Semiconductor Manufacturing by 470.7% in the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after buying an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Sachetta LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Finally, First Financial Corp IN purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $40,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.