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

A number of research firms have weighed in on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Nomura downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Daiwa Capital Markets upgraded shares of 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 assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.33.

The firm has a market capitalization of $146.92 billion and a price-to-earnings ratio of 16.71. The stock’s 50-day moving average price is $26.53 and its 200-day moving average price is $24.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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. During the same period in the previous year, the firm posted $3.08 EPS. The company earned $6.84 billion during the quarter. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current fiscal year.

The firm also recently declared a dividend, which was paid on Thursday, July 21st. Investors of record on Wednesday, June 29th were paid a $0.744 dividend. The ex-dividend date of this dividend was Monday, June 27th.

A number of large investors have bought and sold shares of TSM. Mandatum Life Insurance Co Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $1,064,000. Buckingham Capital Management Inc. boosted 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 valued at $1,039,000 after buying an additional 5,880 shares during the last quarter. Brown Advisory Inc. boosted its position in 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. Bailard Inc. boosted its position 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 last quarter. Finally, Freestone Capital Holdings LLC boosted its position 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 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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