Taiwan Semiconductor Manufacturing (TSM) to Release Earnings on Thursday

Taiwan Semiconductor Manufacturing (NYSE:TSM) is scheduled to release its earnings data after the market closes on Thursday, April 18th. Analysts expect Taiwan Semiconductor Manufacturing to post earnings of $1.29 per share for the quarter. Taiwan Semiconductor Manufacturing has set its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, analysts expect Taiwan Semiconductor Manufacturing to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $140.17 on Tuesday. The stock has a market cap of $726.98 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The stock has a 50 day moving average price of $135.95 and a 200-day moving average price of $112.05. Taiwan Semiconductor Manufacturing has a one year low of $81.21 and a one year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. Chilton Capital Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $34,000. Retirement Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 82.5% in the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 151 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $44,000. 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.