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

Several equities analysts have weighed in on the company. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Daiwa Capital Markets raised Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research report on Friday, June 3rd. JPMorgan Chase & Co. downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, Nomura downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.33.

The stock has a market cap of $141.42 billion and a PE ratio of 16.14. The firm’s 50-day moving average price is $26.16 and its 200 day moving average price is $24.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 14th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by $4.11. The business earned $6.84 billion during the quarter. During the same period in the prior year, the business earned $3.08 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in TSM. Buckingham Capital Management Inc. increased its stake 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 period. I.G. Investment Management LTD. increased its stake in Taiwan Semiconductor Manufacturing by 9.3% in the fourth quarter. I.G. Investment Management LTD. now owns 868,424 shares of the company’s stock worth $19,757,000 after buying an additional 74,035 shares during the period. Pittenger & Anderson Inc. increased its stake 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 period. US Bancorp DE increased its stake in Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. US Bancorp DE now owns 897,189 shares of the company’s stock worth $20,411,000 after buying an additional 11,477 shares during the period. Finally, Carmignac Gestion purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $105,018,000.

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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