Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares dropped 1% on Tuesday . The stock traded as low as $26.84 and last traded at $26.94, with a volume of 5,240,024 shares trading hands. The stock had previously closed at $27.20.

TSM has been the topic of several analyst reports. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $16.00 to $17.00 and gave the company a “negative” rating in a research note on Monday, March 21st. Daiwa Capital Markets upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Goldman Sachs Group Inc. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Nomura cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.33.

The stock has a market capitalization of $139.87 billion and a PE ratio of 15.68. The stock has a 50-day moving average of $25.83 and a 200 day moving average of $24.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 14th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $203.50 billion for the quarter. During the same quarter in the prior year, the firm earned $3.05 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts predict that Taiwan Semiconductor Manufacturing Co. will post $12.78 EPS for the current year.

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

Other institutional investors recently bought and sold shares of the company. Mandatum Life Insurance Co Ltd bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $1,064,000. Daiwa Securities Group Inc. raised its position 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 during the period. Buckingham Capital Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 13.3% in the third quarter. Buckingham Capital Management Inc. now owns 50,053 shares of the company’s stock valued at $1,039,000 after buying an additional 5,880 shares during the period. Wetherby Asset Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 5.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 59,341 shares of the company’s stock valued at $1,350,000 after buying an additional 3,165 shares during the period. Finally, American Century Companies Inc. raised its position 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 during the period.

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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