Wedbush Has Pessimistic View of TSM FY2024 Earnings

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Analysts at Wedbush lowered their FY2024 earnings estimates for Taiwan Semiconductor Manufacturing in a report released on Tuesday, December 10th. Wedbush analyst M. Bryson now expects that the semiconductor company will earn $6.83 per share for the year, down from their prior forecast of $6.89. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.97 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.

A number of other research firms also recently commented on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

NYSE:TSM opened at $201.00 on Friday. The stock’s 50 day moving average price is $192.64 and its 200 day moving average price is $177.70. Taiwan Semiconductor Manufacturing has a 52 week low of $98.80 and a 52 week high of $212.60. The company has a market capitalization of $1.04 trillion, a P/E ratio of 31.97, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

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

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of TSM. Fiduciary Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $315,000. Miracle Mile Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 58.8% in the second quarter. Miracle Mile Advisors LLC now owns 2,653 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 982 shares during the period. Pure Financial Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth $283,000. Brookstone Capital Management lifted its position in Taiwan Semiconductor Manufacturing by 14.8% in the second quarter. Brookstone Capital Management now owns 8,538 shares of the semiconductor company’s stock worth $1,462,000 after purchasing an additional 1,102 shares during the period. Finally, Timber Creek Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.6% in the second quarter. Timber Creek Capital Management LLC now owns 58,388 shares of the semiconductor company’s stock worth $10,149,000 after purchasing an additional 332 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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. This represents a $2.19 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.