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TSM to report earnings after market close on April 18

Taiwan Semiconductor Manufacturing is set to announce its earnings results after the market closes on Thursday, April 18th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Taiwan Semiconductor Manufacturing has set its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. 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 Up 0.6 %
NYSE:TSM opened at $146.21 on Thursday. The stock’s 50 day moving average price is $134.31 and its 200 day moving average price is $110.65. Taiwan Semiconductor Manufacturing has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a market capitalization of $758.31 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.98%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. PCA Investment Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. Chilton Capital Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $34,000. Retirement Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 82.5% in the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 151 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $44,000. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.00. Defense World

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