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 changing hands. The stock had previously closed at $28.79.

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

The company has a market capitalization of $152.26 billion and a price-to-earnings ratio of 17.19. The company has a 50 day moving average of $27.24 and a 200-day moving average of $25.16.

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 earned $6.84 billion during the quarter. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS 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 issued a $0.744 dividend. The ex-dividend date of this dividend was Monday, June 27th.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 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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