Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) hit a new 52-week high during trading on Monday . The stock traded as high as $27.37 and last traded at $27.27, with a volume of 3,461,295 shares. The stock had previously closed at $26.73.

Several analysts have recently commented on the company. Nomura cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. cut Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Friday, July 8th. Goldman Sachs Group Inc. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Daiwa Capital Markets upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.33.

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

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 14th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company earned $203.50 billion during the quarter. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.05 earnings per share. On average, equities analysts expect 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 issued a $0.744 dividend. The ex-dividend date is Monday, June 27th.

Several institutional investors have bought and sold shares of TSM. WCM Investment Management CA boosted its position in Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. WCM Investment Management CA now owns 24,238,537 shares of the company’s stock worth $551,426,000 after buying an additional 472,880 shares during the period. Veritas Asset Management LLP boosted its position in Taiwan Semiconductor Manufacturing by 0.5% in the fourth quarter. Veritas Asset Management LLP now owns 22,667,400 shares of the company’s stock worth $515,683,000 after buying an additional 110,800 shares during the period. Carmignac Gestion acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $105,018,000. Edge Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Edge Asset Management Inc. now owns 3,421,597 shares of the company’s stock worth $77,842,000 after buying an additional 28,610 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,272,540 shares of the company’s stock worth $28,950,000 after buying an additional 15,340 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.