Fiera Capital Corp Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fiera Capital Corp lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,115,744 shares of the semiconductor company’s stock after selling 1,065,568 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.8% of Fiera Capital Corp’s holdings, making the stock its 2nd biggest position. Fiera Capital Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,930,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hollencrest Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 71.5% in the 3rd quarter. Hollencrest Capital Management now owns 3,425 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 1,428 shares in the last quarter. Granite Group Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.2% in the 3rd quarter. Granite Group Advisors LLC now owns 2,561 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 279 shares in the last quarter. Quantum Private Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 13.4% in the 3rd quarter. Quantum Private Wealth LLC now owns 11,573 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 1,368 shares in the last quarter. Summit Global Investments boosted its stake in shares of Taiwan Semiconductor Manufacturing by 186.8% in the 3rd quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock valued at $2,217,000 after purchasing an additional 8,315 shares in the last quarter. Finally, Valley Brook Capital Group Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.0% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,590 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.1 %

NYSE TSM traded up $0.16 during trading on Friday, hitting $201.35. The company had a trading volume of 7,149,880 shares, compared to its average volume of 15,465,979. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $91.60 and a one year high of $212.60. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The company’s fifty day moving average is $181.89 and its 200-day moving average is $169.35.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

About Taiwan Semiconductor Manufacturing

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.