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

Taiwan Semiconductor Manufacturing (NYSE:TSM) will announce 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 interested in participating in the company’s conference call can do so using this link.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The firm’s revenue 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 Stock Performance

NYSE TSM opened at $187.12 on Wednesday. Taiwan Semiconductor Manufacturing has a 52-week low of $84.95 and a 52-week high of $194.25. The company has a 50-day simple moving average of $173.17 and a 200 day simple moving average of $163.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market capitalization of $970.48 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.24%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Susquehanna restated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen raised 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. Finally, Needham & Company LLC raised 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.