Taiwan Semiconductor Manufacturing Co. (NYSE:TSM)’s share price reached a new 52-week high on Monday . The stock traded as high as $29.08 and last traded at $29.04, with a volume of 3,103,858 shares traded. The stock had previously closed at $28.79.

Several equities research analysts have commented on TSM shares. 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 upgraded 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 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 research note on Friday, July 8th. One equities 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 issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.33.

The company has a market capitalization of $150.53 billion and a price-to-earnings ratio of 16.948. The stock’s 50 day moving average price is $27.06 and its 200-day moving average price is $25.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 14th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $4.11. The firm earned $6.84 billion during the quarter. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 earnings per share. Equities research analysts expect that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current year.

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

Several hedge funds have modified their holdings of the company. I.G. Investment Management LTD. boosted its stake in shares of 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 valued at $19,757,000 after buying an additional 74,035 shares during the period. Principal Financial Group Inc. boosted its stake in shares of 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 valued at $28,950,000 after buying an additional 15,340 shares during the period. US Bancorp DE boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. US Bancorp DE now owns 897,189 shares of the company’s stock valued at $20,411,000 after buying an additional 11,477 shares during the period. Buckingham Capital Management Inc. boosted its stake in shares of 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 period. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 165,527 shares of the company’s stock valued at $3,766,000 after buying an additional 4,480 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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