Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,162 shares of the semiconductor company’s stock after selling 5,018 shares during the period. National Bank of Canada FI’s holdings in Taiwan Semiconductor Manufacturing were worth $45,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Finally, North Star Investment Management Corp. boosted its stake in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.7 %

NYSE:TSM opened at $163.62 on Friday. The stock has a fifty day simple moving average of $170.13 and a 200 day simple moving average of $154.88. The firm has a market capitalization of $848.60 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 37.52%.

Analyst Ratings Changes

TSM has been the topic of a number of research reports. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Susquehanna restated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.