Wedbush Comments on Taiwan Semiconductor Manufacturing Company Limited’s Q2 2024 Earnings (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Analysts at Wedbush cut their Q2 2024 earnings estimates for Taiwan Semiconductor Manufacturing in a research report issued to clients and investors 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 estimate 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 subject of a number of other research reports. TD Cowen lifted their price target 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. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday. Susquehanna lifted their price objective 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. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.6 %

Shares of NYSE TSM opened at $129.77 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing has a 1 year low of $81.21 and a 1 year high of $158.40. The stock has a market capitalization of $673.04 billion, a P/E ratio of 24.72, a P/E/G ratio of 0.92 and a beta of 1.15. The company has a 50-day moving average price of $136.49 and a 200-day moving average price of $113.70.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $25,000. Financial Gravity Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. Sachetta LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $31,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Cuts Dividend

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