Investors purchased shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) on weakness during trading hours on Thursday. $51.40 million flowed into the stock on the tick-up and $31.47 million flowed out of the stock on the tick-down, for a money net flow of $19.93 million into the stock. Of all companies tracked, Taiwan Semiconductor Manufacturing had the 5th highest net in-flow for the day. Taiwan Semiconductor Manufacturing traded down ($0.08) for the day and closed at $29.14

TSM has been the topic of a number of recent research reports. Nomura lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 8th. Goldman Sachs Group Inc. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Daiwa Capital Markets raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.33.

The stock has a market capitalization of $151.64 billion and a P/E ratio of 17.00. The company’s 50 day moving average is $27.46 and its 200 day moving average is $25.27.

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 consensus estimate of $4.54 by $4.11. The company had revenue of $6.84 billion for the quarter. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.08 EPS. Analysts expect that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Thursday, July 21st. Shareholders of record on Wednesday, June 29th were given a dividend of $0.744 per share. The ex-dividend date was Monday, June 27th.

A number of hedge funds and institutional investors recently modified their holdings of the stock. Principal Financial Group Inc. increased its position 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 worth $28,950,000 after buying an additional 15,340 shares during the last quarter. I.G. Investment Management LTD. increased its position 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 worth $19,757,000 after buying an additional 74,035 shares during the last quarter. US Bancorp DE increased its position 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 worth $20,411,000 after buying an additional 11,477 shares during the last quarter. Finally, Buckingham Capital Management Inc. increased its position 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 worth $1,039,000 after buying an additional 5,880 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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