Mitsubishi UFJ Asset Management Co. Ltd. Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.3% in the fourth quarter, HoldingsChannel reports. The fund owned 23,430 shares of the semiconductor company’s stock after selling 2,130 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $212,000. Benjamin Edwards Inc. lifted its position in Taiwan Semiconductor Manufacturing by 258.5% in the third quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company’s stock worth $3,059,000 after buying an additional 12,695 shares during the last quarter. Ascent Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 2.5% during the third quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company’s stock worth $888,000 after buying an additional 123 shares during the period. Hilltop Holdings Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 83.6% in the third quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company’s stock valued at $2,127,000 after acquiring an additional 5,579 shares during the period. Finally, HighVista Strategies LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $1,789,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $168.46 on Wednesday. The firm has a market capitalization of $873.72 billion, a P/E ratio of 23.93, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $190.44 and a 200 day moving average price of $192.64.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted 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 return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.63%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

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.