Wedbush Has Optimistic Outlook of TSM FY2024 Earnings

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Investment analysts at Wedbush lifted their FY2024 earnings per share (EPS) estimates for shares of Taiwan Semiconductor Manufacturing in a report released on Friday, November 8th. Wedbush analyst M. Bryson now anticipates that the semiconductor company will post earnings per share of $6.89 for the year, up from their previous estimate of $6.43. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.73 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2024 earnings at $2.12 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $2.03 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $8.81 EPS, Q1 2026 earnings at $2.29 EPS, Q2 2026 earnings at $2.52 EPS and FY2026 earnings at $10.61 EPS.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion.

TSM has been the subject of a number of other research reports. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $191.73 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The company has a 50 day moving average price of $183.56 and a 200-day moving average price of $170.99. Taiwan Semiconductor Manufacturing has a 1-year low of $95.25 and a 1-year high of $212.60. The firm has a market cap of $994.39 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently made changes to their positions in TSM. FWG Holdings LLC grew its holdings 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 worth $539,000 after buying an additional 50 shares in the last quarter. Defender Capital LLC. raised its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the last quarter. Seed Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 57 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares during the last quarter. Finally, Heron Bay Capital Management grew its position in shares of Taiwan Semiconductor Manufacturing by 1.0% in the second 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.

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.