Taiwan Semiconductor Mfg. (TSM) Shares Gap Up to $43.90

Doris Richards
February 24, 2018

Morgan Stanley lowered shares of Taiwan Semiconductor Mfg. from an "overweight" rating to an "equal weight" rating in a report on Monday, November 27th. Sanders Capital LLC now owns 33,730,001 shares of the semiconductor company's stock valued at $1,448,910,000 after purchasing an additional 589,900 shares during the last quarter. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has "Outperform" rating given on Friday, December 11 by Credit Suisse. The stock increased 1.78% or $0.755 during the last trading session, reaching $43.145. About 451,050 shares traded. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned "Outperform" rating by Credit Suisse on Friday, December 11.

Janney Montgomery Scott Llc decreased Jacobs Engineerng Group (JEC) stake by 76.51% reported in 2017Q3 SEC filing. Vontobel Asset Management Inc. now owns 16,762,195 shares of the semiconductor company's stock valued at $678,880,000 after acquiring an additional 2,120,449 shares in the last quarter. The Pinnacle Associates Ltd holds 313,748 shares with $14.00M value, down from 326,290 last quarter. Its up 7.5% from 17.22M shares previously. Jacobs Engineering Group Inc. Finally, Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Thursday, January 11th. Therefore 50% are positive. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since February 24, 2017 and is uptrending. Goldman Sachs upgraded the stock to "Buy" rating in Monday, January 22 report. On Wednesday, September 6 the stock rating was maintained by KeyBanc Capital Markets with "Hold". On Tuesday, October 10 the stock rating was upgraded by J.P. Morgan to "Buy". As per Tuesday, October 4, the company rating was upgraded by Susquehanna.

Pinnacle Associates Ltd increased Enersys (NYSE:ENS) stake by 5,282 shares to 19,155 valued at $1.33 million in 2017Q3. It also upped Us Bancorp Us$0.01 (NYSE:USB) stake by 335,237 shares and now owns 1.39 million shares. Ltd. will post 2.48 earnings per share for the current fiscal year. TSM's profit will be $2.70B for 18.49 P/E if the $0.58 EPS becomes a reality.

Since September 1, 2017, it had 1 insider purchase, and 6 sales for $18,844 activity. $313,250 worth of stock was sold by HAGEN TERENCE D on Wednesday, February 14.

Analysts await SYNNEX Corporation (NYSE:SNX) to report earnings on March, 26. Raymond James & Assoc reported 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). They expect $0.58 EPS, up 7.41% or $0.04 from last year's $0.54 per share. The firm owned 600,277 shares of the semiconductor company's stock after buying an additional 64,319 shares during the period.


Investors sentiment increased to 1.12 in Q3 2017. The firm has a market capitalization of $223,257.30, a P/E ratio of 20.06, a P/E/G ratio of 1.16 and a beta of 0.85. 30 funds opened positions while 70 raised stakes. Los Angeles Management And Equity Rech Incorporated holds 0.03% or 34,543 shares in its portfolio. Pggm Investments reported 121,173 shares or 0.27% of all its holdings. Water Island Cap Lc has invested 0.48% in Alere Inc. (NYSE:CNP). Rare Limited holds 3,059 shares. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Harvey Inv Ltd Liability Com, a Kentucky-based fund reported 84,769 shares. Cookson Peirce And holds 14,830 shares. (NYSE:JEC). United Automobile Association has 78,977 shares. Citadel Ltd Liability stated it has 0% in Alere Inc. (NYSE:JEC). Guardian Life Ins Of America invested in 0% or 272 shares. Natl Bank Of Nova Scotia Trust has invested 0% in BlackRock, Inc. (NYSE:JEC) for 981,112 shares.

Rockland Trust Co, which manages about $668.78M US Long portfolio, upped its stake in Chevron Corporation (NYSE:CVX) by 9,555 shares to 154,306 shares, valued at $18.13M in 2017Q3, according to the filing. New York State Common Retirement Fund invested in 42,545 shares. Corporate Office Pptys Tr (NYSE:OFC) was raised too.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 7% are positive.

TSM has been the topic of several analyst reports. The firm has "Neutral" rating by Susquehanna given on Tuesday, October 4. The stock of CenterPoint Energy, Inc. The stock has "Buy" rating by Needham on Wednesday, July 29. As per Wednesday, June 21, the company rating was downgraded by HSBC. The firm earned "Hold" rating on Monday, February 12 by SunTrust. (NYSE:JEC) has "Hold" rating given on Friday, October 6 by Robert W. Baird. The rating was downgraded by Wells Fargo on Thursday, January 19 to "Market Perform". The firm earned "Hold" rating on Wednesday, August 10 by Deutsche Bank.

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