Taiwan Semiconductor Manufacturing Co. (NYSE:TSM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $27.88 and last traded at $27.84, with a volume of 3,932,078 shares traded. The stock had previously closed at $27.74.

TSM has been the subject of several research analyst reports. Nomura lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Daiwa Capital Markets raised Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. 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, Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus target price of $24.33.

The stock has a market capitalization of $144.59 billion and a PE ratio of 16.40. The stock has a 50 day moving average of $26.38 and a 200 day moving average of $24.51.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 had revenue of $6.84 billion for the quarter. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.08 earnings per share. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current year.

The business also recently announced a dividend, which was paid on Thursday, July 21st. Shareholders of record on Wednesday, June 29th were paid a dividend of $0.744 per share. The ex-dividend date of this dividend was Monday, June 27th.

Several large investors recently bought and sold shares of the company. Carmignac Gestion bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $105,018,000. Meridian Investment Counsel Inc. raised its stake 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 valued at $3,337,000 after buying an additional 5,075 shares during the period. Freestone Capital Holdings LLC raised its stake in Taiwan Semiconductor Manufacturing by 14.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 126,102 shares of the company’s stock valued at $2,869,000 after buying an additional 15,751 shares during the period. Bailard Inc. raised its stake in Taiwan Semiconductor Manufacturing by 120.4% in the fourth quarter. Bailard Inc. now owns 100,000 shares of the company’s stock valued at $2,275,000 after buying an additional 54,637 shares during the period. Finally, WCM Investment Management CA raised its stake 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 valued at $551,426,000 after buying an additional 472,880 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.

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