Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Expected to Announce Earnings of $0.63 Per Share

Wall Street brokerages forecast that Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) will post $0.63 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Taiwan Semiconductor Mfg.’s earnings. Taiwan Semiconductor Mfg. reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year-over-year growth rate of 1.6%. The company is scheduled to issue its next earnings report before the market opens on Thursday, January 17th.

According to Zacks, analysts expect that Taiwan Semiconductor Mfg. will report full-year earnings of $2.20 per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of $2.50 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Taiwan Semiconductor Mfg..

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $257.92 billion. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $3.47 EPS.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 16th. Finally, CLSA downgraded shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.00.

TSM stock traded up $0.65 during trading on Thursday, hitting $36.29. The company had a trading volume of 21,916,924 shares, compared to its average volume of 10,634,727. The company has a market capitalization of $186.91 billion, a PE ratio of 16.72, a P/E/G ratio of 0.96 and a beta of 1.06. Taiwan Semiconductor Mfg. has a 52-week low of $34.22 and a 52-week high of $46.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.67 and a quick ratio of 2.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. Bank of New York Mellon Corp increased its holdings in shares of Taiwan Semiconductor Mfg. by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock valued at $1,633,286,000 after purchasing an additional 2,367,792 shares in the last quarter. Capital International Investors increased its holdings in shares of Taiwan Semiconductor Mfg. by 363.5% during the 3rd quarter. Capital International Investors now owns 35,218,259 shares of the semiconductor company’s stock valued at $1,555,238,000 after purchasing an additional 27,619,505 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 35,141,990 shares of the semiconductor company’s stock valued at $1,551,870,000 after purchasing an additional 952,889 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 33,060,656 shares of the semiconductor company’s stock valued at $1,611,238,000 after purchasing an additional 102,415 shares in the last quarter. Finally, WCM Investment Management CA increased its holdings in shares of Taiwan Semiconductor Mfg. by 4.0% during the 3rd quarter. WCM Investment Management CA now owns 23,540,605 shares of the semiconductor company’s stock valued at $1,039,553,000 after purchasing an additional 903,416 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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