Ativo Capital Management LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,049 shares of the semiconductor company’s stock after selling 6,293 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.2% of Ativo Capital Management LLC’s portfolio, making the stock its 11th biggest position. Ativo Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Credit Agricole S A grew its stake in shares of Taiwan Semiconductor Manufacturing by 104.8% during the first quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock valued at $1,850,000 after purchasing an additional 8,006 shares during the last quarter. Sit Investment Associates Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 38.8% during the first quarter. Sit Investment Associates Inc. now owns 11,800 shares of the semiconductor company’s stock valued at $1,396,000 after purchasing an additional 3,300 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.6% during the second quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock valued at $4,494,000 after purchasing an additional 3,599 shares during the last quarter. TCW Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $2,768,000. Finally, Kingfisher Capital LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 6.3% during the second quarter. Kingfisher Capital LLC now owns 29,089 shares of the semiconductor company’s stock valued at $3,495,000 after purchasing an additional 1,728 shares during the last quarter. 16.55% of the stock is currently owned by institutional investors and hedge funds. Shares of NYSE:TSM opened at $110.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $83.16 and a 12 month high of $142.20. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $116.39 and its 200 day simple moving average is $116.94. The firm has a market cap of $570.68 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.90 and a beta of 0.89. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be issued a dividend of $0.4941 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 46.31%. Several equities analysts recently weighed in on TSM shares. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, September 16th. Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective on the stock. Finally, Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $127.72. Taiwan Semiconductor Manufacturing Company Profile 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. Featured Article: Why is momentum important to successful trading? Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). 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