Bruni J V & Company Cut Its Taiwan Semiconductor Mfg LTD (TSM) Holding by $2.52 Million; Share Price Rose; Greenleaf Trust Position In Chemical Financial (CHFC) Was Boosted

May 23, 2018 - By Winifred Garcia

Chemical Financial Corporation (NASDAQ:CHFC) Logo

Greenleaf Trust increased its stake in Chemical Financial Corp (CHFC) by 18.21% based on its latest 2017Q4 regulatory filing with the SEC. Greenleaf Trust bought 31,639 shares as the company’s stock declined 2.13% with the market. The institutional investor held 205,359 shares of the major banks company at the end of 2017Q4, valued at $10.98M, up from 173,720 at the end of the previous reported quarter. Greenleaf Trust who had been investing in Chemical Financial Corp for a number of months, seems to be bullish on the $4.14B market cap company. The stock decreased 0.34% or $0.2 during the last trading session, reaching $58. About 68,643 shares traded. Chemical Financial Corporation (NASDAQ:CHFC) has risen 8.11% since May 23, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Bruni J V & Company decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 7.08% based on its latest 2017Q4 regulatory filing with the SEC. Bruni J V & Company sold 64,661 shares as the company’s stock rose 9.24% while stock markets declined. The institutional investor held 848,961 shares of the semiconductors company at the end of 2017Q4, valued at $33.66 million, down from 913,622 at the end of the previous reported quarter. Bruni J V & Company who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $198.67B market cap company. The stock decreased 0.40% or $0.16 during the last trading session, reaching $39.48. About 2.21M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 30.51% since May 23, 2017 and is uptrending. It has outperformed by 18.96% the S&P500.

Since January 25, 2018, it had 1 buying transaction, and 5 sales for $3.84 million activity. The insider Stauffer Larry D sold $101,130. Lievense Richard M. had sold 6,298 shares worth $364,780. On Friday, January 26 Provost David T bought $196,319 worth of Chemical Financial Corporation (NASDAQ:CHFC) or 3,356 shares. On Friday, February 2 KLAESER DENNIS L sold $3.13M worth of Chemical Financial Corporation (NASDAQ:CHFC) or 53,536 shares.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.32, from 1.51 in 2017Q3. It dropped, as 17 investors sold CHFC shares while 71 reduced holdings. 33 funds opened positions while 72 raised stakes. 55.76 million shares or 0.84% more from 55.30 million shares in 2017Q3 were reported. Richard Bernstein Ltd Llc invested in 0.2% or 84,104 shares. Federated Incorporated Pa invested in 0.07% or 454,002 shares. Victory Capital Management accumulated 334,700 shares or 0.04% of the stock. Metropolitan Life Ins Com Ny holds 40,368 shares. Teacher Retirement Sys Of Texas holds 0.01% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC) for 24,600 shares. Bahl Gaynor has invested 0.02% in Chemical Financial Corporation (NASDAQ:CHFC). Suntrust Banks owns 11,208 shares. Prudential Fin holds 117,707 shares or 0.01% of its portfolio. Fuller Thaler Asset Management reported 600 shares. Northpointe Cap Limited Liability Company stated it has 150,398 shares or 0.9% of all its holdings. 281,199 were accumulated by Comml Bank Of America Corp De. 25,600 were accumulated by State Treasurer State Of Michigan. Parallax Volatility Advisers Limited Partnership has 10,794 shares for 0% of their portfolio. Vanguard Gp Incorporated invested in 0.01% or 6.27 million shares. Cwm Limited Com reported 0.12% stake.

Among 11 analysts covering Chemical Financial (NASDAQ:CHFC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Chemical Financial had 22 analyst reports since January 27, 2016 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 1. The rating was upgraded by FIG Partners on Friday, January 29 to “Outperform”. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The company was maintained on Tuesday, September 12 by Keefe Bruyette & Woods. The rating was maintained by Stephens with “Buy” on Tuesday, July 25. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods. The stock of Chemical Financial Corporation (NASDAQ:CHFC) earned “Overweight” rating by Stephens on Monday, July 10. The rating was initiated by Raymond James on Wednesday, March 2 with “Strong Buy”. The stock of Chemical Financial Corporation (NASDAQ:CHFC) has “Buy” rating given on Wednesday, January 24 by Sandler O’Neill. On Thursday, October 26 the stock rating was downgraded by Wood to “Market Perform”.

Greenleaf Trust, which manages about $4.93B US Long portfolio, decreased its stake in Iac/Interactivecorp (NASDAQ:IACI) by 45,452 shares to 4,272 shares, valued at $522,000 in 2017Q4, according to the filing. It also reduced its holding in Gw Pharmaceuticals Plc Adr (NASDAQ:GWPH) by 8,900 shares in the quarter, leaving it with 65,894 shares, and cut its stake in Ambarella Inc (NASDAQ:AMBA).

Another recent and important Chemical Financial Corporation (NASDAQ:CHFC) news was published by Nasdaq.com which published an article titled: “Chemical Financial Corporation reports 2018 first quarter net income of $70.2 million, representing $0.97 of earnings …” on April 24, 2018.

More news for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were recently published by: Nasdaq.com, which released: “Why I Don’t Share This Intel Executive’s Optimism” on May 22, 2018. Fool.com‘s article titled: “Better Buy: TSMC vs. Qualcomm, Inc.” and published on May 14, 2018 is yet another important article.

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on July, 12. They expect $0.45 earnings per share, up 7.14% or $0.03 from last year’s $0.42 per share. TSM’s profit will be $2.26B for 21.93 P/E if the $0.45 EPS becomes a reality. After $0.59 actual earnings per share reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts -23.73% negative EPS growth.

Chemical Financial Corporation (NASDAQ:CHFC) Institutional Positions Chart

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