Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) reached a new 52-week high during trading on Tuesday . The company traded as high as $29.72 and last traded at $29.45, with a volume of 3,572,841 shares trading hands. The stock had previously closed at $29.14.

A number of research firms have recently commented on TSM. 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 target price on the stock in a research note on Friday, July 8th. 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. Finally, Goldman Sachs Group lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.33.

The firm has a market cap of $152.94 billion and a PE ratio of 17.25. The firm’s 50-day moving average price is $28.52 and its 200-day moving average price is $25.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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. During the same quarter in the prior year, the firm earned $3.08 EPS. The business had revenue of $6.84 billion for the quarter. Taiwan Semiconductor Manufacturing’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current fiscal year.

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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