Greenleaf Trust Has $16.88 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Greenleaf Trust lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TSM. Brighton Jones LLC raised its stake in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Victory Capital Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock worth $23,821,000 after purchasing an additional 15,961 shares during the period. Proficio Capital Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 29.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 429 shares during the period. Simplicity Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 95.7% during the fourth quarter. Simplicity Wealth LLC now owns 2,482 shares of the semiconductor company's stock worth $490,000 after purchasing an additional 1,214 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Taiwan Semiconductor Manufacturing by 8.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,053 shares of the semiconductor company's stock worth $9,885,000 after purchasing an additional 4,048 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $0.62 during trading hours on Friday, hitting $230.38. 8,805,986 shares of the company traded hands, compared to its average volume of 15,312,195. The stock has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $237.58. The firm has a 50-day moving average of $205.42 and a 200 day moving average of $192.32. 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 (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS 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 firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.75%.

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.