Glenmede Trust Co. NA Sells 632 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Glenmede Trust Co. NA lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,496 shares of the semiconductor company’s stock after selling 632 shares during the period. Glenmede Trust Co. NA’s holdings in Taiwan Semiconductor Manufacturing were worth $12,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Burney Co. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $228,000. Cetera Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after purchasing an additional 35,404 shares in the last quarter. Old Port Advisors lifted its stake in Taiwan Semiconductor Manufacturing by 20.3% during the first quarter. Old Port Advisors now owns 2,475 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 417 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 2nd quarter. Confluence Investment Management LLC now owns 10,700 shares of the semiconductor company’s stock valued at $1,860,000 after purchasing an additional 146 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 35.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 5,360 shares of the semiconductor company’s stock worth $932,000 after buying an additional 1,390 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $184.79 on Friday. The stock’s 50-day moving average is $189.16 and its 200-day moving average is $175.02. The stock has a market cap of $958.40 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.