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

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Goldman Sachs Group Inc. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Daiwa Capital Markets raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. JPMorgan Chase & Co. cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, Nomura cut shares of 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 given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and an average target price of $24.33.

The firm has a market capitalization of $146.04 billion and a P/E ratio of 16.61. The stock’s 50-day moving average price is $26.83 and its 200 day moving average price is $24.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) 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. During the same quarter in the prior year, the business earned $3.08 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.88 earnings per share for the current 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 dividend of $0.744 per share. The ex-dividend date of this dividend was Monday, June 27th.

A number of hedge funds and institutional investors have recently bought and sold shares of TSM. 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 worth $1,039,000 after buying an additional 5,880 shares during the period. I.G. Investment Management LTD. boosted 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 during the period. Pittenger & Anderson Inc. boosted 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 during the period. US Bancorp DE boosted 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 during the period. Finally, Carmignac Gestion purchased a new position 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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