Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.56 and last traded at $30.50, with a volume of 8,099,470 shares changing hands. The stock had previously closed at $29.90.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday. Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Nomura lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, July 12th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, Daiwa Capital Markets upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a research report on Friday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.33.

The stock has a market cap of $158.18 billion, a PE ratio of 17.84 and a beta of 0.94. The stock has a 50-day moving average price of $29.02 and a 200 day moving average price of $26.43.

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Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by $4.11. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The firm earned $6.84 billion during the quarter. During the same quarter last year, the firm posted $3.08 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.89 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in TSM. KAMES CAPITAL plc increased its stake in shares of Taiwan Semiconductor Manufacturing by 12.7% in the second quarter. KAMES CAPITAL plc now owns 3,053,029 shares of the company’s stock worth $80,051,000 after buying an additional 344,477 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 153.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 369,958 shares of the company’s stock worth $9,704,000 after buying an additional 223,826 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,058 shares of the company’s stock worth $290,000 after buying an additional 986 shares during the last quarter. Howe & Rusling Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock worth $121,000 after buying an additional 458 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 93.0% in the second quarter. Sterling Capital Management LLC now owns 14,853 shares of the company’s stock worth $390,000 after buying an additional 7,156 shares during the last quarter. 19.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

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.

5 Day Chart for NYSE:TSM

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