Greenleaf Trust reduced its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,166 shares of the semiconductor company’s stock after selling 6,021 shares during the quarter. Greenleaf Trust’s holdings in Taiwan Semiconductor Mfg. were worth $1,318,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Candriam Luxembourg S.C.A. lifted its position in Taiwan Semiconductor Mfg. by 26.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 585,686 shares of the semiconductor company’s stock worth $21,617,000 after purchasing an additional 123,803 shares during the period. Avalon Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Mfg. by 0.4% during the first quarter. Avalon Advisors LLC now owns 202,665 shares of the semiconductor company’s stock valued at $8,301,000 after acquiring an additional 729 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of Taiwan Semiconductor Mfg. by 144.8% during the fourth quarter. Two Sigma Securities LLC now owns 5,969 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 19,286 shares during the period. Smithfield Trust Co. lifted its holdings in shares of Taiwan Semiconductor Mfg. by 8.6% during the first quarter. Smithfield Trust Co. now owns 7,096 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 564 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Taiwan Semiconductor Mfg. by 32.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,000 shares of the semiconductor company’s stock valued at $148,000 after acquiring an additional 970 shares during the period. 19.92% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on TSM. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Goldman Sachs Group began coverage on Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They set a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.00.

Shares of NYSE TSM opened at $38.66 on Tuesday. The firm has a market cap of $200.49 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.45 and a beta of 0.98. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.67 and a quick ratio of 2.38.

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About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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