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

Posted by Defense World Staff on Apr 13th, 2023

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, April 20th. Analysts expect Taiwan Semiconductor Manufacturing to post earnings of $1.21 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last issued its earnings results on Thursday, January 12th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.02. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $20.29 billion. Taiwan Semiconductor Manufacturing had a return on equity of 37.99% and a net margin of 44.81%. On average, analysts expect Taiwan Semiconductor Manufacturing to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $86.87 on Thursday. The stock has a market capitalization of $450.51 billion, a PE ratio of 13.24, a P/E/G ratio of 0.79 and a beta of 1.11. The business has a 50 day simple moving average of $91.10 and a two-hundred day simple moving average of $81.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.94. Taiwan Semiconductor Manufacturing has a 1-year low of $59.43 and a 1-year high of $104.50.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 16th will be issued a dividend of $0.3597 per share. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 21.65%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KGI Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, March 29th. They issued an “outperform” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Friday, March 10th. Finally, StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 16th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.25.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Taiwan Semiconductor Manufacturing by 199.4% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 470 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 313 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 25.1% during the 4th quarter. FinTrust Capital Advisors LLC now owns 623 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 125 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $48,000. Finally, Zions Bancorporation N.A. raised its position in Taiwan Semiconductor Manufacturing by 29.2% during the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 16.79% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.