Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Greenleaf Trust

Greenleaf Trust cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,585 shares of the semiconductor company’s stock after selling 1,422 shares during the quarter. Greenleaf Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $12,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Morgan Stanley increased its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after acquiring an additional 7,045,899 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock worth $407,603,000 after purchasing an additional 5,466,898 shares during the period. PineStone Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 330.5% during the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock worth $417,374,000 after purchasing an additional 3,687,249 shares during the period. Van ECK Associates Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock worth $1,120,683,000 after purchasing an additional 2,373,242 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Taiwan Semiconductor Manufacturing stock traded down $4.56 during midday trading on Friday, reaching $127.71. 28,249,516 shares of the stock traded hands, compared to its average volume of 15,875,887. The company has a 50-day simple moving average of $136.61 and a two-hundred day simple moving average of $112.74. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The firm has a market cap of $662.36 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.20%.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Company 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.