Wedbush Has Bullish Estimate for TSM FY2024 Earnings

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Stock analysts at Wedbush increased their FY2024 EPS estimates for Taiwan Semiconductor Manufacturing in a research report issued on Thursday, October 17th. Wedbush analyst M. Bryson now expects that the semiconductor company will earn $6.43 per share for the year, up from their previous estimate of $6.32. The consensus estimate for Taiwan Semiconductor Manufacturing’s current full-year earnings is $6.63 per share. Wedbush also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2024 earnings at $1.85 EPS, Q1 2025 earnings at $1.67 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.05 EPS, Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.87 EPS and FY2026 earnings at $10.25 EPS.

Other equities analysts have also issued reports about the stock. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $201.90 on Monday. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 32.36, a PEG ratio of 1.16 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $176.00 and a 200 day moving average price of $164.86. Taiwan Semiconductor Manufacturing has a 52 week low of $84.95 and a 52 week high of $212.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Argus Investors Counsel Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 7.1% in the third quarter. Argus Investors Counsel Inc. now owns 2,121 shares of the semiconductor company’s stock valued at $368,000 after acquiring an additional 140 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 522.2% in the third quarter. Oakworth Capital Inc. now owns 448 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 376 shares in the last quarter. Defender Capital LLC. increased its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 56 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 6.4% in the third quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock valued at $4,004,000 after buying an additional 1,389 shares during the last quarter. Finally, Winch Advisory Services LLC increased its holdings in Taiwan Semiconductor Manufacturing by 5.2% in the third quarter. Winch Advisory Services LLC now owns 1,281 shares of the semiconductor company’s stock valued at $222,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.