Fiera Capital Corp reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,693,545 shares of the semiconductor company’s stock after selling 209,155 shares during the period. Taiwan Semiconductor Manufacturing accounts for 3.3% of Fiera Capital Corp’s portfolio, making the stock its 7th largest position. Fiera Capital Corp owned approximately 0.30% of Taiwan Semiconductor Manufacturing worth $890,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 39.6% during the first quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock valued at $1,600,868,000 after purchasing an additional 3,839,316 shares in the last quarter. BlackRock Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 23.5% in the first quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after purchasing an additional 2,613,327 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 55.2% in the first quarter. Van ECK Associates Corp now owns 7,227,419 shares of the semiconductor company’s stock worth $854,859,000 after purchasing an additional 2,570,257 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Taiwan Semiconductor Manufacturing by 22.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,730,800 shares of the semiconductor company’s stock worth $1,505,798,000 after purchasing an additional 2,302,444 shares during the last quarter. Finally, Hardman Johnston Global Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 40,884.2% in the first quarter. Hardman Johnston Global Advisors LLC now owns 2,207,000 shares of the semiconductor company’s stock worth $261,044,000 after purchasing an additional 2,201,615 shares during the last quarter. 16.55% of the stock is owned by institutional investors.

Shares of TSM stock traded down $2.60 on Friday, hitting $118.19. 316,526 shares of the stock traded hands, compared to its average volume of 10,310,362. The firm has a market cap of $612.94 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.90 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $76.17 and a 52 week high of $142.20. The firm has a 50 day simple moving average of $117.96 and a two-hundred day simple moving average of $117.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a $0.4941 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 41.59%.

TSM has been the topic of several analyst reports. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price target on the stock. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Finally, Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $127.72.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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