Wedbush Comments on Taiwan Semiconductor Manufacturing Company Limited’s Q4 2024 Earnings (NYSE:TSM) – American Banking and Market News
Posted by ABMN Staff on Jul 12th, 2024 
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) – Wedbush decreased their Q4 2024 earnings estimates for shares of Taiwan Semiconductor Manufacturing in a research report issued to clients and investors on Wednesday, July 10th. Wedbush analyst M. Bryson now expects that the semiconductor company will earn $1.83 per share for the quarter, down from their prior forecast of $1.84. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.13 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q2 2025 earnings at $1.94 EPS, Q1 2026 earnings at $2.02 EPS and Q2 2026 earnings at $2.39 EPS.
A number of other brokerages have also recently weighed in on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a report on Thursday. Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.60.
View Our Latest Stock Analysis on TSM
Shares of TSM opened at $184.47 on Thursday. The stock has a market capitalization of $956.74 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The business’s fifty day moving average price is $164.26 and its 200 day moving average price is $139.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing has a 12-month low of $84.01 and a 12-month high of $193.47.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion.
Several large investors have recently added to or reduced their stakes in TSM. American Century Companies Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 56.2% in the third quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock worth $301,859,000 after purchasing an additional 1,250,290 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 23,643 shares of the semiconductor company’s stock valued at $2,066,000 after acquiring an additional 372 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 509.9% during the third quarter. Sunbelt Securities Inc. now owns 1,104 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 923 shares during the period. Anchor Investment Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $896,000. Finally, DNB Asset Management AS lifted its position in Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. DNB Asset Management AS now owns 1,091,562 shares of the semiconductor company’s stock worth $113,479,000 after purchasing an additional 47,992 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.
(Get Free Report)
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.
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