Taiwan Semiconductor Manufacturing (TSM) Set to Announce Quarterly Earnings on Thursday

Taiwan Semiconductor Manufacturing (NYSE:TSM) is scheduled to be announcing its earnings results before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Taiwan Semiconductor Manufacturing has set its Q3 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. 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 Trading Down 2.6 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $187.12 on Wednesday. Taiwan Semiconductor Manufacturing has a 1 year low of $84.95 and a 1 year high of $194.25. The firm has a market cap of $970.48 billion, a PE ratio of 33.47, a PEG ratio of 1.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The company has a 50 day simple moving average of $173.17 and a two-hundred day simple moving average of $163.22.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 35.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Susquehanna restated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.