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Third Quarter 2022 Earnings Forecast for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Released by Wedbush

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) – Wedbush raised its earnings per share estimate for the third quarter of 2022 for Taiwan Semiconductor Manufacturing in a report released Thursday, July 14. Wedbush analyst Bryson now expects the semiconductor company to post earnings per share of $1.75 for the quarter, up from its previous estimate of $1.60. The consensus estimate for Taiwan Semiconductor Manufacturing’s current annual profit is $6.31 per share. Wedbush also released estimates for Taiwan Semiconductor Manufacturing Q4 2022 earnings at $1.77 EPS, FY2022 earnings at $6.47 EPS, Q1 2023 earnings at $1.47 EPS, Q3 2023 earnings at $1.87 EPS, Q4 2023 earnings at $1.89 EPS and FY2023 earnings at $6.85 EPS.

Other equity research analysts have also published research reports on the company. StockNews.com began covering Taiwan Semiconductor Manufacturing in a research note on Thursday, March 31. They set a “buy” rating for the company. Loop Capital began covering Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21. They set a “buy” rating for the company. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14 research note. Needham & Company LLC restated a “buy” rating and set a price target of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 research note. Finally, Susquehanna Bancshares lowered its price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday. Four equity research analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Taiwan Semiconductor Manufacturing Price Performance

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TSM stock opened at $85.63 on Monday. The company has a debt ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. Taiwan Semiconductor Manufacturing has a 1-year low of $73.74 and a 1-year high of $145.00. The company has a market capitalization of $444.08 billion, a P/E ratio of 16.53 and a beta of 0.99. The stock has a 50-day simple moving average of $87.15 and a 200-day simple moving average of $102.99.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its results on Thursday, April 14. The semiconductor company reported earnings per share (EPS) of $1.40 for the quarter, beating consensus analyst estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing recorded a return on equity of 34.31% and a net margin of 40.53%. The company posted revenue of $491.08 billion in the quarter, versus analyst estimates of $471.53 billion. In the same quarter last year, the company earned $0.96 per share. The company’s revenue for the quarter increased by 35.5% compared to the same quarter last year.

Taiwan Semiconductor Manufacturing Institutional Trade

Several hedge funds have recently changed their positions in the stock. Arthur M. Cohen & Associates LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 7,268 shares of the semiconductor company worth $874,000 after buying 85 more shares in the last quarter. Regal Investment Advisors LLC increased its holdings of Taiwan Semiconductor Manufacturing shares by 3.9% in the fourth quarter. Regal Investment Advisors LLC now owns 2,389 shares of the semiconductor company worth $287,000 after buying 89 more shares in the last quarter. Girard Partners Ltd. increased its holdings of Taiwan Semiconductor Manufacturing shares by 3.3% in the fourth quarter. Girard Partners Ltd. now owns 2,790 shares of the semiconductor company worth $335,000 after buying 90 more shares in the last quarter. WP Advisors LLC increased its holdings of Taiwan Semiconductor Manufacturing shares by 1.7% in the fourth quarter. WP Advisors LLC now owns 6,019 shares of the semiconductor company worth $724,000 after buying 100 more shares in the last quarter. Finally, Fiduciary Trust Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company worth $249,000 after buying 100 more shares in the last quarter.

Taiwan’s semiconductor manufacturing boosts dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13. Shareholders of record on Friday, September 16 will receive a dividend of $0.4625 per share. This represents a dividend of $1.85 on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, September 15. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 28.19%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Earnings history and estimates for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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