Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) gapped down prior to trading on Thursday . The stock had previously closed at $26.10, but opened at $26.15. Taiwan Semiconductor Manufacturing shares last traded at $26.28, with a volume of 3,820,809 shares.

A number of analysts recently weighed in on TSM shares. Daiwa Capital Markets raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. Goldman Sachs Group Inc. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $16.00 to $17.00 and gave the stock a “negative” rating in a research note on Monday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.50.

The company has a 50-day moving average price of $25.56 and a 200 day moving average price of $24.19. The stock has a market capitalization of $136.45 billion and a price-to-earnings ratio of 15.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 14th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company earned $203.50 billion during the quarter. During the same period in the previous year, the business earned $3.05 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. Analysts predict that Taiwan Semiconductor Manufacturing Co. will post $12.78 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Thursday, July 21st. Investors of record on Wednesday, June 29th will be given a dividend of $0.744 per share. The ex-dividend date is Monday, June 27th.

Other hedge funds have modified their holdings of the company. Mandatum Life Insurance Co Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,064,000. Daiwa Securities Group Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 48,000 shares of the company’s stock worth $1,092,000 after buying an additional 8,000 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 59,341 shares of the company’s stock worth $1,350,000 after buying an additional 3,165 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 40.0% in the fourth quarter. American Century Companies Inc. now owns 65,862 shares of the company’s stock worth $1,498,000 after buying an additional 18,803 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 40.3% in the fourth quarter. Brown Advisory Inc. now owns 76,674 shares of the company’s stock worth $1,744,000 after buying an additional 22,016 shares during the last quarter.

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.

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