Fiera Capital Corp Sells 1,065,568 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fiera Capital Corp lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,115,744 shares of the semiconductor company’s stock after selling 1,065,568 shares during the period. Taiwan Semiconductor Manufacturing accounts for 5.8% of Fiera Capital Corp’s portfolio, making the stock its 2nd largest holding. Fiera Capital Corp owned about 0.21% of Taiwan Semiconductor Manufacturing worth $1,930,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.1 %

Taiwan Semiconductor Manufacturing stock traded up $0.16 during midday trading on Friday, hitting $201.35. 7,149,880 shares of the stock were exchanged, compared to its average volume of 15,465,979. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.60 and a 52-week high of $212.60. The stock has a market capitalization 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 business’s 50-day moving average price is $181.89 and its 200-day moving average price is $169.35. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23.

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 given a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.97%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen raised their target price 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. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barclays raised 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 note on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.00.

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.