Fiera Capital Corp owns $2.12B stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fiera Capital Corp lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent SEC disclosure. The institutional investor owned 12,181,312 shares of the semiconductor company’s stock after selling 749,567 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 6.6% of Fiera Capital Corp’s portfolio, making the stock its 2nd biggest holding. Fiera Capital Corp owned 0.23% of Taiwan Semiconductor Manufacturing worth $2,117,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. 16.51% of the shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00, based on data from MarketBeat.com.

Get the latest stock report on semiconductor manufacturing in Taiwan

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $177.97 on Monday. The company’s 50-day moving average price is $167.50, and its two-hundred-day moving average price is $159.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21, and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $193.47. The firm has a market cap of $923.03 billion, a P/E ratio of 33.90, a PEG ratio of 1.07 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. In the same period last year, the company earned $1.14 per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Raises Dividends

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12. This represents a dividend of $1.95 on an annualized basis and a yield of 1.09%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 37.71%.

Taiwan Semiconductor Manufacturing Company Profile

(Free report)

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 offers a wide range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS), mixed-signal, radio-frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Read more

Want to see what other hedge funds own TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report).

Receive daily news and ratings for Taiwan Semiconductor Manufacturing – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com’s FREE daily email newsletter.