Glenmede Trust Co. NA Has $120,000 Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Glenmede Trust Co. NA maintained its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,227 shares of the semiconductor company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Taiwan Semiconductor Manufacturing were worth $120,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Augustine Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 1.6% in the first quarter. Augustine Asset Management Inc. now owns 169,322 shares of the semiconductor company’s stock worth $5,560,000 after buying an additional 2,668 shares during the last quarter. Harding Loevner LP boosted its position in Taiwan Semiconductor Manufacturing by 2.0% in the first quarter. Harding Loevner LP now owns 14,421,861 shares of the semiconductor company’s stock worth $473,614,000 after buying an additional 276,621 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 427,505 shares of the semiconductor company’s stock worth $14,039,000 after buying an additional 13,740 shares during the last quarter. Cumberland Partners Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $2,034,000. Finally, Wetherby Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 7.6% in the first quarter. Wetherby Asset Management Inc. now owns 76,717 shares of the semiconductor company’s stock worth $2,519,000 after buying an additional 5,406 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 1.03% on Tuesday, hitting $36.42. 3,820,354 shares of the stock traded hands. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.20 and a 52 week high of $36.96. The firm has a market cap of $188.87 billion, a P/E ratio of 16.41 and a beta of 0.77. The stock has a 50-day moving average price of $35.76 and a 200 day moving average price of $33.91.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The company had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. During the same period in the prior year, the firm posted $2.80 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were issued a dividend of $0.927 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, June 26th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 42.59%.

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A number of equities analysts recently commented on TSM shares. BidaskClub cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Credit Suisse Group AG downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

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.