What is Wedbush’s Forecast for TSM FY2024 Earnings?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Equities research analysts at Wedbush cut their FY2024 earnings per share (EPS) estimates for Taiwan Semiconductor Manufacturing in a research report issued to clients and investors on Tuesday, December 10th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will post earnings per share of $6.83 for the year, down from their previous estimate 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 equities analysts also recently issued reports on TSM. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $191.50 on Friday. Taiwan Semiconductor Manufacturing has a 1 year low of $98.80 and a 1 year high of $212.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a fifty day moving average price of $192.40 and a 200 day moving average price of $177.61. The stock has a market cap of $993.20 billion, a P/E ratio of 30.69, a P/E/G ratio of 0.90 and a beta of 1.09.

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

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the business. Fiduciary Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $315,000. Miracle Mile Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 58.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 2,653 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 982 shares during the period. Pure Financial Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $283,000. Brookstone Capital Management grew its holdings in shares of Taiwan Semiconductor Manufacturing by 14.8% during the 2nd 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 raised its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 2nd quarter. Timber Creek Capital Management LLC now owns 58,388 shares of the semiconductor company’s stock valued at $10,149,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. Taiwan Semiconductor Manufacturing’s payout ratio 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.