Fiera Capital Corp Sells 1,172,680 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fiera Capital Corp reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,943,064 shares of the semiconductor company’s stock after selling 1,172,680 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 6.2% of Fiera Capital Corp’s investment portfolio, making the stock its largest holding. Fiera Capital Corp owned approximately 0.19% of Taiwan Semiconductor Manufacturing worth $1,963,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Archer Investment Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $38,000. Finally, OLD Second National Bank of Aurora boosted its position in shares of Taiwan Semiconductor Manufacturing by 169.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.1 %

NYSE TSM opened at $206.38 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s 50-day moving average is $205.18 and its 200-day moving average is $188.45. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $122.91 and a one year high of $226.40. The firm has a market cap of $1.07 trillion, a P/E ratio of 29.32, a P/E/G ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

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.