Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Invests $715,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,872 shares of the semiconductor company's stock, valued at approximately $715,000. Taiwan Semiconductor Manufacturing makes up 4.1% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.'s portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Congress Wealth Management LLC DE grew its position in Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company's stock valued at $2,686,000 after buying an additional 671 shares during the period. CapWealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock valued at $12,720,000 after buying an additional 21,329 shares during the period. Verus Capital Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company's stock valued at $279,000 after buying an additional 1,119 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company's stock valued at $442,000 after buying an additional 2,534 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Taiwan Semiconductor Manufacturing by 23.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company's stock worth $1,200,000 after purchasing an additional 2,663 shares during the period. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Down 1.8 %

NYSE:TSM traded down $2.42 during trading hours on Wednesday, hitting $134.92. The company had a trading volume of 12,561,874 shares, compared to its average volume of 15,647,009. The company has a market capitalization of $699.75 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The stock has a 50-day moving average price of $137.73 and a 200 day moving average price of $115.76. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $82.44 and a 52 week high of $158.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 32.76%.

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.