Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) saw unusually-strong trading volume on Thursday . Approximately 6,516,862 shares traded hands during 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 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 report on Friday, June 3rd. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $16.00 to $17.00 and gave the stock a “negative” rating in a report on Monday, March 21st. 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, Nomura lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.33.

The company’s 50-day moving average is $26.04 and its 200-day moving average is $24.35. The firm has a market cap of $140.07 billion and a P/E ratio of 16.03.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by $4.11. The company had revenue of $6.84 billion for the quarter. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.08 EPS. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.86 earnings per share for the current 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 issued a $0.744 dividend. The ex-dividend date of this dividend is Monday, June 27th.

Other institutional investors have bought and sold shares of the company. Wetherby Asset Management Inc. increased 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 worth $1,350,000 after buying an additional 3,165 shares during the last quarter. Pittenger & Anderson Inc. increased its position in Taiwan Semiconductor Manufacturing by 2.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 165,527 shares of the company’s stock worth $3,766,000 after buying an additional 4,480 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in Taiwan Semiconductor Manufacturing by 3.6% in the fourth quarter. Meridian Investment Counsel Inc. now owns 146,667 shares of the company’s stock worth $3,337,000 after buying an additional 5,075 shares during the last quarter. Buckingham Capital Management Inc. increased 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 worth $1,039,000 after buying an additional 5,880 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in Taiwan Semiconductor Manufacturing by 9.7% in the fourth quarter. Stevens Capital Management LP now owns 103,255 shares of the company’s stock worth $2,349,000 after buying an additional 9,106 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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