Mitsubishi UFJ Trust & Banking Corp Has $74.77 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Mitsubishi UFJ Trust & Banking Corp has significantly increased its holdings in Taiwan Semiconductor Manufacturing Company, raising its position by 40.8% to own 450,390 shares valued at approximately $74.77 million.
• Analysts have a generally positive outlook on the stock, with multiple firms, including Barclays and Needham & Company, issuing high target prices ranging up to $270.00 for its shares.
• Taiwan Semiconductor Manufacturing recently announced a quarterly dividend of $0.6499 per share, reflecting an annualized yield of 1.1% and a dividend payout ratio of 28.16%.

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 40.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 450,390 shares of the semiconductor company's stock after buying an additional 130,551 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Taiwan Semiconductor Manufacturing were worth $74,765,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSM. DekaBank Deutsche Girozentrale grew its stake in Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock valued at $214,442,000 after purchasing an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,661,000. Sentry LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $222,000. Compound Global Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Polymer Capital Management HK LTD grew its stake in Taiwan Semiconductor Manufacturing by 47.7% in the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after purchasing an additional 27,938 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSM. Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $6.34 during mid-day trading on Friday, hitting $235.28. 13,529,531 shares of the stock were exchanged, compared to its average volume of 12,369,697. The stock has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The firm's 50-day simple moving average is $222.20 and its 200 day simple moving average is $195.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.16%.

Taiwan Semiconductor Manufacturing Company 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.