Rikoon Group LLC lessened its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 12.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,690 shares of the semiconductor company’s stock after selling 2,300 shares during the quarter. Rikoon Group LLC’s holdings in Taiwan Semiconductor Mfg. were worth $684,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in TSM. First Bank & Trust purchased a new position in shares of Taiwan Semiconductor Mfg. in the 4th quarter valued at about $29,000. Horan Capital Advisors LLC. purchased a new position in shares of Taiwan Semiconductor Mfg. in the 1st quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new stake in Taiwan Semiconductor Mfg. during the first quarter worth approximately $31,000. Advocacy Wealth Management Services LLC lifted its stake in Taiwan Semiconductor Mfg. by 55.6% during the first quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Finally, Berman Capital Advisors LLC purchased a new stake in Taiwan Semiconductor Mfg. during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 19.40% of the company’s stock.
Several equities research analysts recently weighed in on TSM shares. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, CLSA cut Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold”.
WARNING: This article was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/05/rikoon-group-llc-sells-2300-shares-of-taiwan-semiconductor-mfg-co-ltd-tsm.html.
Taiwan Semiconductor Mfg. Company Profile
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.
Recommended Story: Google Finance Portfolio
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM).
Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.