Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Sold by BlackRock Inc

Doris Richards
October 3, 2017

Several other institutional investors have also modified their holdings of TSM. Clear Harbor Asset Management Llc sold 21,027 shares as Taiwan Semiconductor Mfg Ltd (TSM)'s stock rose 8.84%. Coronation Fund Managers Ltd. now owns 1,767,347 shares of the semiconductor company's stock worth $54,063,000 after buying an additional 35,208 shares in the last quarter. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 5.9% in the first quarter. Co.by 53.2% in the third quarter. The Company has 497.74 million shares outstanding while EPS in next five years is expected to reach 16.13% while EPS growth in past 5 year was -38.80%. Co.by 2.8% in the third quarter. 1832 Asset Management Lp acquired 19,169 shares as Sodastream International Ltd (SODA)'s stock rose 12.26%. Finally, Sit Investment Associates Inc. increased its position in Taiwan Semiconductor Manufacturing by 107.7% during the second quarter. Co.by 1.1% in the third quarter. (NASDAQ:AMAT) for 6.81 million shares. Co.by 32.2% in the third quarter. The Tt International holds 869,423 shares with $24.42 million value, up from 66,247 last quarter. In server cases if a company maintains a 10% or more EPS growth rate that may be a good target for investors.

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As the next company earnings season comes into focus, investors may be closely following the numbers as they are released.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 57.55, the 7-day is 59.94, and the 3-day is now at 75.99 for Taiwan Semiconductor Manufacturing (TSM). After $0.42 actual EPS reported by Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $22.75 and a 1-year high of $33.99. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 1.56% from last close price of 38.13 and act as support or resistance of price limit. About 21.01 million shares traded or 94.90% up from the average. TSM's profit will be $2.72B for 17.44 P/E if the $0.55 EPS becomes a reality. In terms of Moving Averages, the 7-day is resting at 37.39.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Taiwan Semiconductor Manufacturing (TSM) is sitting at 119.12. (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by ($0.08). The business had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. Global Eagle Entertainment Inc. dipped to as low as $3.18 throughout the day and has returned -45.36% in this year. Equities analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 earnings per share for the current fiscal year.

The consensus recommendation, according to Zacks Investment research, is 2.33.

12/08/2014 - Taiwan Semiconductor Manufacturing Company Ltd. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Rosenblatt Securities set a $27.00 price objective on shares of Taiwan Semiconductor Mfg. HSBC Holdings plc upgraded shares of Taiwan Semiconductor Mfg. Credit Suisse maintained CSX Corporation (NASDAQ:CSX) rating on Thursday, September 7. Susquehanna upgraded the stock to "Neutral" rating in Tuesday, October 4 report. On Friday, October 9 the stock rating was upgraded by Buckingham Research to "Buy". Citigroup maintained the stock with "Buy" rating in Wednesday, September 14 report. Taiwan Semiconductor Manufacturing has a consensus rating of "Hold" and a consensus price target of $31.67. Taiwan Semiconductor Mfg Ltd now has $188.60B valuation. The Firm 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.

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