Rikoon Group LLC Sells 2,300 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

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”.

TSM stock opened at $44.71 on Friday. The company has a market cap of $231.87 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two 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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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.

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

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