Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) - Research analysts at KeyCorp cut their Q3 2017 EPS estimates for Taiwan Semiconductor Manufacturing in a note issued to investors on Thursday. KeyCorp analyst M. Mcconnell now anticipates that the semiconductor company will earn $0.55 per share for the quarter, down from their prior 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.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.75%. The firm had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis.
WARNING: “Q3 2017 EPS Estimates for Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Decreased by Analyst” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/06/q3-2017-eps-estimates-for-taiwan-semiconductor-manufacturing-company-ltd-tsm-decreased-by-analyst-updated-updated.html.
TSM has been the subject of a number of other reports. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, Rosenblatt Securities set a $27.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research note on Saturday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.67.
Shares of Taiwan Semiconductor Manufacturing (NYSE TSM) opened at 35.87 on Monday. Taiwan Semiconductor Manufacturing has a 12 month low of $27.28 and a 12 month high of $36.92. The company has a 50-day moving average price of $35.74 and a 200-day moving average price of $33.11. The company has a market capitalization of $186.02 billion, a price-to-earnings ratio of 16.23 and a beta of 0.77.
Several institutional investors have recently made changes to their positions in TSM. BlackRock Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 70,175.6% in the first quarter. BlackRock Inc. now owns 18,320,853 shares of the semiconductor company’s stock worth $601,657,000 after buying an additional 18,294,783 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 22.3% in the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock worth $1,205,116,000 after buying an additional 6,281,847 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Taiwan Semiconductor Manufacturing by 63.6% in the first quarter. Wellington Management Group LLP now owns 11,775,414 shares of the semiconductor company’s stock worth $386,705,000 after buying an additional 4,579,517 shares in the last quarter. Vontobel Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 36.3% in the second quarter. Vontobel Asset Management Inc. now owns 14,342,431 shares of the semiconductor company’s stock worth $513,720,000 after buying an additional 3,819,919 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 6.2% in the first quarter. Vanguard Group Inc. now owns 39,143,222 shares of the semiconductor company’s stock worth $1,285,463,000 after buying an additional 2,272,816 shares in the last quarter. 19.81% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced an annual dividend, which will be paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th will be paid a dividend of $0.927 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date is Monday, June 26th. This represents a dividend yield of 3.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 42.59%.
About Taiwan Semiconductor Manufacturing
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.
Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
