Glynn Capital Management LLC Buys 10,178 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Glynn Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 111,333 shares of the semiconductor company’s stock after purchasing an additional 10,178 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.2% of Glynn Capital Management LLC’s holdings, making the stock its 7th largest holding. Glynn Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $21,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $29,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $40,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.8 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $173.09 on Wednesday. The company’s fifty day moving average price is $197.58 and its two-hundred day moving average price is $192.08. The firm has a market capitalization of $897.70 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Taiwan Semiconductor Manufacturing 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.