Greenleaf Trust Lowers Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Greenleaf Trust cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,658 shares of the semiconductor company's stock after selling 11,848 shares during the period. Greenleaf Trust's holdings in Taiwan Semiconductor Manufacturing were worth $16,875,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Flossbach Von Storch SE raised its holdings in Taiwan Semiconductor Manufacturing by 22.5% in the 1st quarter. Flossbach Von Storch SE now owns 280,996 shares of the semiconductor company's stock valued at $46,645,000 after acquiring an additional 51,673 shares during the last quarter. New Insight Wealth Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 7.5% during the first quarter. New Insight Wealth Advisors now owns 7,751 shares of the semiconductor company's stock worth $1,287,000 after buying an additional 542 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after buying an additional 11,693 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 2.1% during the first quarter. Valeo Financial Advisors LLC now owns 29,144 shares of the semiconductor company's stock worth $4,838,000 after purchasing an additional 604 shares during the last quarter. Finally, Robocap Asset Management Ltd increased its position in Taiwan Semiconductor Manufacturing by 56.6% during the first quarter. Robocap Asset Management Ltd now owns 30,610 shares of the semiconductor company's stock worth $5,081,000 after purchasing an additional 11,061 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $1.85 during midday trading on Thursday, reaching $229.99. 7,850,069 shares of the company were exchanged, compared to its average volume of 15,333,586. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $237.58. The stock has a fifty day simple moving average of $204.28 and a 200 day simple moving average of $192.16. The stock has a market cap of $1.19 trillion, a P/E ratio of 29.56, a PEG ratio of 1.24 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

Analyst Ratings Changes

TSM has been the topic of a number of recent analyst reports. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $233.75.

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.