Taiwan Semiconductor Mfg. (NYSE:TSM) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Taiwan Semiconductor Mfg. (NYSE:TSM) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01), Morningstar.com reports. Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The company had revenue of $241 billion for the quarter, compared to the consensus estimate of $236.65 billion. During the same quarter in the previous year, the business earned $2.79 earnings per share. Taiwan Semiconductor Mfg.’s revenue was up 3.3% compared to the same quarter last year. Taiwan Semiconductor Mfg. updated its Q3 2019 guidance to EPS.

Shares of TSM stock opened at $43.83 on Friday. The company has a market cap of $227.31 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 3.46 and a beta of 1.03. Taiwan Semiconductor Mfg. has a fifty-two week low of $34.22 and a fifty-two week high of $45.64. The stock has a 50 day simple moving average of $39.84. The company has a current ratio of 2.62, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03.

The firm also recently disclosed an annual dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th were given a $1.2756 dividend. The ex-dividend date was Monday, June 24th. This represents a dividend yield of 2.56%. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 45.54%.

Several equities analysts recently issued reports on TSM shares. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, June 5th. Finally, Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $48.00.

Several hedge funds have recently modified their holdings of the company. Sanders Capital LLC grew its position in shares of Taiwan Semiconductor Mfg. by 6.1% in the 1st quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock worth $1,625,456,000 after buying an additional 2,078,500 shares during the last quarter. WCM Investment Management LLC grew its position in shares of Taiwan Semiconductor Mfg. by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock worth $1,016,291,000 after buying an additional 171,725 shares during the last quarter. FMR LLC grew its position in shares of Taiwan Semiconductor Mfg. by 17.0% in the 1st quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock worth $756,013,000 after buying an additional 2,687,148 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Taiwan Semiconductor Mfg. by 32.8% in the 1st quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock worth $645,953,000 after buying an additional 3,897,469 shares during the last quarter. Finally, Fiera Capital Corp grew its position in shares of Taiwan Semiconductor Mfg. by 1.6% in the 1st quarter. Fiera Capital Corp now owns 13,575,179 shares of the semiconductor company’s stock worth $556,040,000 after buying an additional 214,720 shares during the last quarter. Hedge funds and other institutional investors own 19.64% 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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Earnings History for Taiwan Semiconductor Mfg. (NYSE:TSM)

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