Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) gapped down before the market opened 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 changing hands.

Several equities research analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $16.00 to $17.00 and gave the company a “negative” rating in a research report on Monday, March 21st. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Goldman Sachs Group Inc. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Daiwa Capital Markets raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.33.

The firm’s 50-day moving average price is $25.66 and its 200-day moving average price is $24.21. The firm has a market capitalization of $138.62 billion and a PE ratio of 15.50.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 14th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company earned $203.50 billion during the quarter. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.05 EPS. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Co. will post $12.78 EPS for the current year.

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

Other large investors recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Neuberger Berman Group LLC now owns 1,236,998 shares of the company’s stock valued at $28,142,000 after buying an additional 14,344 shares in the last quarter. Nationwide Fund Advisors bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $3,524,000. American Century Companies Inc. raised its stake in Taiwan Semiconductor Manufacturing by 40.0% in the fourth quarter. American Century Companies Inc. now owns 65,862 shares of the company’s stock valued at $1,498,000 after buying an additional 18,803 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 48,000 shares of the company’s stock valued at $1,092,000 after buying an additional 8,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Taiwan Semiconductor Manufacturing by 60.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 409,614 shares of the company’s stock valued at $9,318,000 after buying an additional 154,684 shares in 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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