ING Groep NV Reduces Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Marco Green
January 2, 2018

The institutional investor held 384,926 shares of the semiconductors company at the end of 2017Q3, valued at $14.45M, up from 167,174 at the end of the previous reported quarter. Westwood Holdings Group Inc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $197.24 billion market cap company. (NYSE TSM) traded down $0.09 during mid-day trading on Friday, hitting $39.65.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed down -0.09 points or -0.23% at $39.65 with 3.87 mln shares exchanging hands. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since January 2, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

(PWR) by 6.77% based on its latest 2017Q3 regulatory filing with the SEC. Marble Arch Investments Lp acquired 199,200 shares as Salesforce Com Inc (CRM)'s stock rose 7.28%. The stock decreased 1.52% or $1.48 during the last trading session, reaching $96.02. About 965,001 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since December 31, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 77% are positive. Wayfair LLC had 73 analyst reports since July 31, 2015 according to SRatingsIntel.

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on January, 11. The rating was upgraded by Credit Suisse on Friday, December 11 to "Outperform". The institutional investor held 595,681 shares of the industrial machinery and components company at the end of 2017Q3, valued at $32.15 million, down from 610,104 at the end of the previous reported quarter. The stock has "Neutral" rating by Goldman Sachs on Tuesday, June 28. The firm has "Hold" rating by Zacks given on Friday, September 4.

Institutions own 19.79% of Taiwan Semiconductor Manufacturing Company Limited (TSM)'s shares. HSBC downgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Thursday, October 13 to "Hold" rating.

South Texas Money Management Ltd, which manages about $2.17 billion and $2.11B US Long portfolio, upped its stake in Glaxosmithkline (NYSE:GSK) by 10,829 shares to 16,255 shares, valued at $660,000 in 2017Q3, according to the filing. It also increased its holding in Cavium Inc (NASDAQ:CAVM) by 174,209 shares in the quarter, for a total of 916,197 shares, and has risen its stake in Lloyds Banking Group Plc Adr (NYSE:LYG). Therefore 86% are positive. Colgate-Palmolive had 62 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, October 15 the stock rating was maintained by Deutsche Bank with "Buy". The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has "Equal-Weight" rating given on Monday, November 27 by Morgan Stanley. Piper Jaffray maintained Salesforce.com, inc. (NYSE:PWR) has "Hold" rating given on Tuesday, September 5 by Robert W. Baird. William Blair initiated the shares of W in report on Friday, June 10 with "Market Perform" rating. The company was downgraded on Monday, January 30 by Citigroup. The company was maintained on Sunday, August 13 by Keefe Bruyette & Woods. Argus Research maintained BlackRock, Inc. Finally, Equity Investment Corp Acquisition Inc bought a new position in Taiwan Semiconductor Manufacturing Company during the fourth quarter worth approximately $68,966,000. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with "Hold". A statistical measure of the dispersion of returns (volatility) for TSM producing salvation in Investors mouth, it has week volatility of 1.08% and for the month booked as 1.19%. Its down 0.04, from 1.38 in 2017Q2. Investors might also notice that three month ago the Buy recommendations (15) outnumbered Sell recommendations (0). 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported. The stock has a market cap of $206,091.66, a P/E ratio of 18.53, a P/E/G ratio of 1.22 and a beta of 0.74. (NYSE:W). Columbia Wanger Asset Mngmt holds 0.41% of its portfolio in Wayfair Inc. Fifth Third Savings Bank has 53,354 shares. Fny Managed Accounts Ltd Com holds 1,400 shares. Mathes invested in 2.68% or 60,905 shares. City Comm owns 55 shares for 0.01% of their portfolio. Inv House Ltd accumulated 4,915 shares. Advisory stated it has 0.01% of its portfolio in Wayfair Inc. (NYSE:BLK). Moreover, Colony Grp Llc has 0.15% invested in BlackRock, Inc. Tiaa Cref Lc stated it has 238,195 shares or 0.01% of all its holdings. They expect $0.75 earnings per share, 0.00% or $0.00 from last year's $0.75 per share.

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