National Bank of Canada FI Sells 1,780,928 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

National Bank of Canada FI lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 89.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,255 shares of the semiconductor company's stock after selling 1,780,928 shares during the quarter. National Bank of Canada FI's holdings in Taiwan Semiconductor Manufacturing were worth $21,843,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 211 shares during the period. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV increased its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $37,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

Shares of NYSE:TSM traded down $1.74 during mid-day trading on Tuesday, reaching $141.09. 8,676,531 shares of the stock were exchanged, compared to its average volume of 15,388,322. The stock's 50 day simple moving average is $138.61 and its 200-day simple moving average is $117.32. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.53 and a one year high of $158.40. The company has a market cap of $731.75 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 32.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, April 18th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a report on Tuesday, April 2nd. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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.