Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) – Investment analysts at KeyCorp decreased their Q3 2017 earnings estimates for shares of Taiwan Semiconductor Manufacturing in a research note issued to investors on Thursday. KeyCorp analyst M. Mcconnell now anticipates that the semiconductor company will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.59. KeyCorp also issued estimates for Taiwan Semiconductor Manufacturing’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.14 EPS, Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.63 EPS and FY2018 earnings at $2.34 EPS.

Several other equities research analysts have also issued reports on TSM. Rosenblatt Securities set a $27.00 target price on shares of Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a report on Saturday, April 15th. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, June 15th. HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group lowered shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.67.

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Taiwan Semiconductor Manufacturing (NYSE TSM) opened at 35.91 on Monday. The stock has a market cap of $186.23 billion, a PE ratio of 16.25 and a beta of 0.76. The firm has a 50 day moving average of $35.71 and a 200-day moving average of $32.54. Taiwan Semiconductor Manufacturing has a 52-week low of $26.97 and a 52-week high of $36.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. The business had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.75% and a net margin of 36.11%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share.

The company also recently announced an annual dividend, which will be paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th will be issued a $0.927 dividend. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, June 26th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 43.06%.

Several large investors have recently added to or reduced their stakes in TSM. Advisory Services Network LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $184,000. U S Global Investors Inc purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $187,000. Ingalls & Snyder LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $205,000. BBR Partners LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $206,000. Finally, Banco BTG Pactual S.A. purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $207,000. Hedge funds and other institutional investors own 19.81% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Earnings History and Estimates for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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