Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is scheduled to be posting its Q316 quarterly earnings results on Thursday, October 13th. Analysts expect Taiwan Semiconductor Manufacturing to post earnings of $0.57 per share and revenue of $7.99 billion for the quarter.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by $4.11. The company had revenue of $6.84 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 33.94% and a return on equity of 23.38%. Taiwan Semiconductor Manufacturing’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 EPS. On average, analysts expect Taiwan Semiconductor Manufacturing to post $1.94 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.

Earnings History for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) opened at 30.73 on Wednesday. Taiwan Semiconductor Manufacturing Co. has a 12-month low of $20.45 and a 12-month high of $31.48. The company has a 50 day moving average of $29.67 and a 200-day moving average of $26.96. The stock has a market capitalization of $159.37 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95.

Several large investors have recently modified their holdings of TSM. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $443,000. Capital International Ltd. CA raised its stake in shares of Taiwan Semiconductor Manufacturing by 14.1% in the second quarter. Capital International Ltd. CA now owns 1,863,800 shares of the company’s stock valued at $48,887,000 after buying an additional 230,900 shares during the period. Jane Street Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 106.5% in the second quarter. Jane Street Group LLC now owns 56,702 shares of the company’s stock valued at $1,487,000 after buying an additional 29,239 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 48.5% in the second quarter. Cubist Systematic Strategies LLC now owns 137,294 shares of the company’s stock valued at $3,601,000 after buying an additional 44,815 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Taiwan Semiconductor Manufacturing by 86.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 949,642 shares of the company’s stock valued at $24,909,000 after buying an additional 440,100 shares during the period. 19.51% of the stock is currently owned by institutional investors and hedge funds.

TSM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, September 21st. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, October 4th. Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, September 19th. Nomura lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average target price of $29.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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