Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares reached a new 52-week high on Monday . The company traded as high as $27.54 and last traded at $27.46, with a volume of 3,737,504 shares changing hands. The stock had previously closed at $27.01.

A number of research analysts recently weighed in on the stock. Nomura lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 8th. Susquehanna raised their price target 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. Finally, Daiwa Capital Markets raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average target price of $24.33.

The company has a market cap of $142.43 billion and a price-to-earnings ratio of 16.251. The company has a 50 day moving average of $26.05 and a 200 day moving average of $24.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $4.11. During the same quarter last year, the business earned $3.08 EPS. The firm earned $6.84 billion during the quarter. Taiwan Semiconductor Manufacturing’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.86 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Thursday, July 21st. Stockholders 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.

A number of large investors have recently modified their holdings of the stock. Buckingham Capital Management Inc. raised its stake 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 worth $1,039,000 after buying an additional 5,880 shares in the last quarter. Mandatum Life Insurance Co Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $1,064,000. Wetherby Asset Management Inc. raised its stake 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 worth $1,350,000 after buying an additional 3,165 shares in the last quarter. American Century Companies Inc. raised its stake 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 worth $1,498,000 after buying an additional 18,803 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake 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 worth $1,744,000 after buying an additional 22,016 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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