Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.45 and last traded at $29.35, with a volume of 1,075,027 shares. The stock had previously closed at $29.24.

A number of equities research analysts have issued reports on the stock. Nomura downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note 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 price target on the stock in a research note on Friday, July 8th. Goldman Sachs Group Inc. downgraded 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 upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.33.

The firm has a market capitalization of $152.48 billion and a price-to-earnings ratio of 17.0945. The stock’s 50-day moving average price is $27.46 and its 200 day moving average price is $25.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data 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. During the same period in the previous year, the company posted $3.08 EPS. The company earned $6.84 billion during the quarter. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that Taiwan Semiconductor Manufacturing Co. will post $1.88 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Thursday, July 21st. Investors of record on Wednesday, June 29th were paid a $0.744 dividend. The ex-dividend date of this dividend was Monday, June 27th.

Other large investors recently made changes to their positions in the company. 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 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. 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. Finally, 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.

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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