Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $42.34 and last traded at $42.33, with a volume of 2,742,117 shares trading hands. The stock had previously closed at $42.15.

Several research firms recently commented on TSM. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. Daiwa Capital Markets downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. KeyCorp restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Finally, J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.00.

The stock has a market capitalization of $219.53 billion, a price-to-earnings ratio of 19.07 and a beta of 0.74. The firm has a 50 day moving average of $39.31 and a 200-day moving average of $36.50.

A number of hedge funds have recently bought and sold shares of TSM. Fisher Asset Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 22.3% during the 2nd quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock valued at $1,205,116,000 after buying an additional 6,281,847 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $152,774,000. Vanguard Group Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 10.6% during the 2nd quarter. Vanguard Group Inc. now owns 43,283,137 shares of the semiconductor company’s stock valued at $1,513,179,000 after buying an additional 4,139,915 shares in the last quarter. Vontobel Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 36.3% during the 2nd quarter. Vontobel Asset Management Inc. now owns 14,342,431 shares of the semiconductor company’s stock valued at $513,720,000 after buying an additional 3,819,919 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Taiwan Semiconductor Manufacturing by 114.2% during the 2nd quarter. Janus Henderson Group PLC now owns 7,081,407 shares of the semiconductor company’s stock valued at $247,533,000 after buying an additional 3,775,916 shares in the last quarter. 19.42% of the stock is owned by institutional investors and hedge funds.

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About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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