Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares saw an uptick in trading volume on Thursday . 6,516,862 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 7,884,890 shares.The stock last traded at $26.88 and had previously closed at $26.89.

A number of research firms have commented on TSM. Nomura lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 8th. Goldman Sachs Group Inc. lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Daiwa Capital Markets raised Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.33.

The firm’s 50-day moving average is $25.98 and its 200-day moving average is $24.32. The company has a market cap of $140.59 billion and a PE ratio of 15.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $4.54 by $4.11. During the same quarter in the previous year, the business posted $3.08 EPS. The business earned $6.84 billion during the quarter, compared to analysts’ expectations of $217.47 billion. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Co. will post $12.78 EPS for the current fiscal 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 paid a dividend of $0.744 per share. The ex-dividend date of this dividend is Monday, June 27th.

Several institutional investors have modified their holdings of the stock. Mandatum Life Insurance Co Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $1,064,000. Buckingham Capital Management Inc. raised its position in shares of 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 last quarter. Wetherby Asset Management Inc. raised its position 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 valued at $1,350,000 after buying an additional 3,165 shares during the last quarter. American Century Companies Inc. raised its position 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 valued at $1,498,000 after buying an additional 18,803 shares during the last quarter. Finally, Brown Advisory Inc. raised its position 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 valued at $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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