Mitsubishi UFJ Trust & Banking Corp decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 734,972 shares of the semiconductor company’s stock after selling 50,181 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $88,314,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.6% in the second quarter. Sanders Capital LLC now owns 40,434,002 shares of the semiconductor company’s stock valued at $5,343,491,000 after purchasing an additional 1,391,488 shares during the period. Vontobel Holding Ltd. increased its position in Taiwan Semiconductor Manufacturing by 0.8% during the first quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock worth $2,374,041,000 after acquiring an additional 168,757 shares during the period. Fiera Capital Corp increased its position in Taiwan Semiconductor Manufacturing by 0.6% during the first quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock worth $1,880,971,000 after acquiring an additional 93,751 shares during the period. BlackRock Inc. increased its position in Taiwan Semiconductor Manufacturing by 7.5% during the second quarter. BlackRock Inc. now owns 14,779,562 shares of the semiconductor company’s stock worth $1,775,913,000 after acquiring an additional 1,025,507 shares during the period. Finally, Jennison Associates LLC increased its position in Taiwan Semiconductor Manufacturing by 39.6% during the first quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after acquiring an additional 3,839,316 shares during the period. 16.55% of the stock is currently owned by institutional investors.

Get Taiwan Semiconductor Manufacturing alerts: A number of equities analysts recently issued reports on TSM shares. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Finally, Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $127.72.

Shares of NYSE:TSM traded up $0.35 on Tuesday, hitting $115.05. The stock had a trading volume of 215,923 shares, compared to its average volume of 10,305,277. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $76.17 and a twelve month high of $142.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The firm’s 50 day moving average price is $117.74 and its 200-day moving average price is $117.40. The company has a market capitalization of $596.66 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The company had revenue of $372.15 billion for the quarter, compared to the consensus estimate of $372.58 billion. During the same quarter in the previous year, the company earned $4.66 EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be paid a $0.4941 dividend. This represents a $1.98 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, December 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is currently 46.31%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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