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flag First Foundation Advisors sold shares of TSM, but the company reported strong earnings and raised its dividend.

flag First Foundation Advisors reduced its holdings of Taiwan Semiconductor Manufacturing Company (TSM) by 7.8%, selling 97 shares and now owning 1,148 shares valued at $227,000. flag TSM reported a strong quarter with earnings of $2.24 per share, beating estimates by $0.08. flag The company also increased its quarterly dividend to $0.6855. flag Despite mixed analyst ratings, TSM has a "Moderate Buy" consensus and a price target of $220.

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