Taiwan Semiconductor Mfg. Co. Ltd. (TSM) to Post Q1 2019 Earnings of $0.60 Per Share, KeyCorp Forecasts

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) – Investment analysts at KeyCorp issued their Q1 2019 earnings estimates for shares of Taiwan Semiconductor Mfg. in a report released on Thursday. KeyCorp analyst M. Mcconnell expects that the semiconductor company will post earnings of $0.60 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Taiwan Semiconductor Mfg.’s Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $2.58 EPS.

A number of other research firms also recently issued reports on TSM. Goldman Sachs Group upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. HSBC upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Daiwa Capital Markets downgraded Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.50.

Taiwan Semiconductor Mfg. (NYSE:TSM) traded up $0.10 during trading on Monday, hitting $44.67. The company’s stock had a trading volume of 6,543,600 shares, compared to its average volume of 6,451,054. The company has a market cap of $231,400.00, a P/E ratio of 19.77, a P/E/G ratio of 1.21 and a beta of 0.74. Taiwan Semiconductor Mfg. has a 1-year low of $29.57 and a 1-year high of $45.54. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 24.18% and a net margin of 35.08%.

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $113,000. AGF Investments Inc. lifted its holdings in Taiwan Semiconductor Mfg. by 63.8% in the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 1,416 shares in the last quarter. Hexavest Inc. lifted its holdings in Taiwan Semiconductor Mfg. by 124.8% in the 4th quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 2,644 shares in the last quarter. Conning Inc. purchased a new position in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new position in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $202,000. 19.41% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Taiwan Semiconductor Mfg. Co. Ltd. (TSM) to Post Q1 2019 Earnings of $0.60 Per Share, KeyCorp Forecasts” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/22/taiwan-semiconductor-mfg-co-ltd-tsm-to-post-q1-2019-earnings-of-0-60-per-share-keycorp-forecasts.html.

Taiwan Semiconductor Mfg. 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 Mfg. (NYSE:TSM)

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply