Synovus Financial Corp Grows Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Synovus Financial Corp grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 299.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,955 shares of the semiconductor company's stock after acquiring an additional 23,213 shares during the quarter. Synovus Financial Corp's holdings in Taiwan Semiconductor Manufacturing were worth $5,376,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% during the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company's stock worth $9,721,138,000 after purchasing an additional 3,783,802 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company's stock valued at $4,995,984,000 after buying an additional 359,854 shares during the period. Van ECK Associates Corp boosted its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company's stock worth $3,176,423,000 after acquiring an additional 122,828 shares during the last quarter. WCM Investment Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 14.1% in the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company's stock worth $1,733,104,000 after acquiring an additional 1,206,359 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Taiwan Semiconductor Manufacturing by 19.9% in the 3rd quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company's stock valued at $1,126,420,000 after acquiring an additional 1,075,425 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $9.53 during trading hours on Friday, reaching $200.99. The stock had a trading volume of 19,476,980 shares, compared to its average volume of 15,145,534. 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 Company Limited has a 1 year low of $98.80 and a 1 year high of $212.60. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 0.90 and a beta of 1.09. The firm has a 50 day simple moving average of $193.04 and a two-hundred day simple moving average of $177.99.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. 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 1.09%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 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.