The Taiwan Semiconductor Manufacturing Co. (TSM) Downgraded by HSBC

Doris Richards
October 28, 2017

American Century Companies Inc. raised its stake in Taiwan Semiconductor Manufacturing by 34.7% in the 2nd quarter. Equities analysts expect that Taiwan Semiconductor Manufacturing will post $1.89 earnings per share for the current fiscal year. Qualys Inc Com now has $1.97 billion valuation. The stock rose 1.41% or $0.58 reaching $41.78. About 4.82M shares traded. It has underperformed by 1.24% the S&P500.

Raymond James Trust N.A. lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 last quarter. The Lansdowne Partners Uk Llp holds 18.84 million shares with $658.68 million value, up from 31,250 last quarter. Parsec Financial Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $16,797,000 at the end of the most recent quarter. (NYSE:TSM) traded up 2.06% during midday trading on Friday, hitting $42.05. JPMorgan Chase & Co. raised shares of Taiwan Semiconductor Manufacturing from a "neutral" rating to an "overweight" rating in a research report on Tuesday, October 10th. Ltd. (ADR) (NYSE:TSM) has risen 51.40% since October 27, 2016 and is uptrending. It also reduced its holding in Baxter Intl Inc (NYSE:BAX) by 57,503 shares in the quarter, leaving it with 824,571 shares, and cut its stake in Bio Rad Labs Inc (NYSE:BIO). Advanced Micro Devices Inc (Prn) was reduced too.

With 2.66M avg volume, 8 days are for Nordstrom Incorporated (NYSE:JWN)'s short sellers to cover JWN's short positions. Its down 5% from 22.57 million shares previously. The stock declined 2.33% or $3.58 reaching $150.24 per share.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.03, from 0.87 in 2017Q1.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. Banque Pictet & Cie SA raised its stake in Taiwan Semiconductor Manufacturing by 2.6% in the 2nd quarter. Victory Cap Inc owns 7,562 shares. Parkside Commercial Bank Tru accumulated 85 shares or 0% of the stock. Payden Rygel has 0% invested in Monsanto Company (NYSE:MON). Sun Life reported 0% of its portfolio in Nordstrom, Inc. Canal Ins holds 0.31% or 7,234 shares. Public Sector Pension Invest Board owns 35,904 shares or 0% of their U.S. portfolio. Van Eck Associate owns 876,754 shares for 0.57% of their portfolio. Over the last five trading sessions, the stock has moved 2.50%.

Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.34 and a 52-week high of $41.79. ROBERTS JOHN JOSEPH also bought $107,600 worth of Pennsylvania R.E.I.T. (NYSE:PEI) shares. Amp Ltd reported 78,100 shares. Quantitative Systematic Strategies Ltd Liability holds 0.67% of its portfolio in Monsanto Company (NYSE:MON) for 22,390 shares. Atria Limited Liability Corp holds 4,912 shares. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a sell rating to a hold rating in a research note on Wednesday, June 15th. Therefore 52% are positive. Citigroup maintained Monsanto Company (NYSE:MON) rating on Friday, August 19. The company was maintained on Tuesday, August 25 by Canaccord Genuity. As per Wednesday, September 6, the company rating was maintained by KeyBanc Capital Markets. Goldman Sachs downgraded the stock to "Neutral" rating in Tuesday, June 28 report. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, July 5. The company was downgraded on Wednesday, June 21 by HSBC. Northland Capital maintained it with "Buy" rating and $4800 target in Friday, July 21 report. Piper Jaffray maintained the shares of WBC in report on Thursday, July 20 with "Buy" rating. The firm has "Hold" rating given on Friday, August 14 by TD Securities.

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