Icon Advisers Inc. Co. lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 54.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,800 shares of the semiconductor company’s stock after selling 50,700 shares during the period. Icon Advisers Inc. Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,607,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CAPROCK Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 9.1% during the 3rd quarter. CAPROCK Group Inc. now owns 36,028 shares of the semiconductor company’s stock valued at $1,353,000 after buying an additional 3,006 shares during the period. Quantum Capital Management purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $203,000. Profund Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 9.2% during the 2nd quarter. Profund Advisors LLC now owns 230,744 shares of the semiconductor company’s stock valued at $8,067,000 after buying an additional 19,389 shares during the period. American Century Companies Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 34.7% during the 2nd quarter. American Century Companies Inc. now owns 968,373 shares of the semiconductor company’s stock valued at $33,854,000 after buying an additional 249,625 shares during the period. Finally, Banque Pictet & Cie SA raised its holdings in Taiwan Semiconductor Manufacturing by 2.6% during the 2nd quarter. Banque Pictet & Cie SA now owns 176,788 shares of the semiconductor company’s stock valued at $1,212,000 after buying an additional 4,557 shares during the period. Institutional investors own 19.31% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down $0.17 during trading on Friday, reaching $42.41. The company’s stock had a trading volume of 2,768,600 shares, compared to its average volume of 5,733,027. The company has a market cap of $219,938.27, a P/E ratio of 19.82, a PEG ratio of 1.31 and a beta of 0.77. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.34 and a 12 month high of $42.87.

TRADEMARK VIOLATION NOTICE: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/24/icon-advisers-inc-co-sells-50700-shares-of-taiwan-semiconductor-manufacturing-company-ltd-tsm.html.

TSM has been the topic of several recent research reports. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Daiwa Capital Markets downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average target price of $27.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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 Manufacturing Company Ltd. (NYSE:TSM).

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

Receive News & Stock Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related stocks with our FREE daily email newsletter.