Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) will release its earnings data before the market opens on Thursday, July 20th. Analysts expect Taiwan Semiconductor Manufacturing to post earnings of $1.08 per share for the quarter. Taiwan Semiconductor Manufacturing has set its Q2 2023 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 – Get Free Report) last posted its earnings results on Thursday, April 20th. The semiconductor company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.10. The business had revenue of $16.72 billion for the quarter, compared to analysts’ expectations of $17.30 billion. Taiwan Semiconductor Manufacturing had a net margin of 44.72% and a return on equity of 36.02%. On average, analysts expect Taiwan Semiconductor Manufacturing to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Taiwan Semiconductor Manufacturing Price Performance
TSM opened at $103.91 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.29. The stock has a market capitalization of $538.89 billion, a P/E ratio of 16.06 and a beta of 1.08. The company’s 50-day simple moving average is $97.61 and its two-hundred day simple moving average is $91.40. Taiwan Semiconductor Manufacturing has a 52-week low of $59.43 and a 52-week high of $110.69.
Taiwan Semiconductor Manufacturing Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on TSM shares. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $110.00 to $118.00 in a research note on Thursday, June 1st. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. KGI Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, March 29th. They issued an “outperform” rating on the stock. Finally, Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “positive” rating and set a $126.00 price objective on the stock in a research note on Monday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.75.
Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing
A number of institutional investors have recently added to or reduced their stakes in TSM. Arete Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $237,000. SkyView Investment Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $338,000. Centaurus Financial Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 138.9% in the first quarter. Centaurus Financial Inc. now owns 4,676 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 2,719 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% in the first quarter. Advisory Services Network LLC now owns 53,795 shares of the semiconductor company’s stock valued at $5,004,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% in the first quarter. Rockefeller Capital Management L.P. now owns 504,286 shares of the semiconductor company’s stock valued at $46,908,000 after purchasing an additional 31,720 shares in the last quarter. 16.41% of the stock is 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.
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