Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares hit a new 52-week high on Monday . The stock traded as high as $28.63 and last traded at $28.62, with a volume of 4,217,497 shares trading hands. The stock had previously closed at $27.78.

Several research analysts have weighed in on the company. Nomura downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, July 12th. JPMorgan Chase & Co. downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Friday, July 8th. Goldman Sachs Group Inc. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Daiwa Capital Markets upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average price target of $24.33.

The company has a market capitalization of $148.35 billion and a PE ratio of 16.876. The stock’s 50 day moving average is $26.68 and its 200 day moving average is $24.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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. The company had revenue of $6.84 billion for the quarter. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.08 earnings per share. Analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.88 earnings per share for the current year.

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

Other institutional investors have recently bought and sold shares of the company. Carmignac Gestion purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $105,018,000. Principal Financial Group Inc. raised its position in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,272,540 shares of the company’s stock worth $28,950,000 after buying an additional 15,340 shares in the last quarter. US Bancorp DE raised its position 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 in the last quarter. I.G. Investment Management LTD. raised its position 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 in the last quarter. Finally, Pittenger & Anderson Inc. raised 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 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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