Brokerages Set Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Target Price at $34.50

Marco Green
April 16, 2018

The institutional investor held 8.66M shares of the semiconductors company at the end of 2017Q4, valued at $343.38M, up from 6.73 million at the end of the previous reported quarter.

According to a filing Fisher Asset Management Llc reduced its stake in Borgwarner Inc (NYSE:BWA) by 79,843 shares to 80,837 shares, valued at $4.13 million in 2017Q4.

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. TSM outperformed by 18.96% the S&P500. Ltd. (NYSE:TSM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. They now have $50.00 price target on the semiconductor company's stock. The institutional investor held 242,335 shares of the semiconductors company at the end of 2017Q4, valued at $9.61 million, up from 34,992 at the end of the previous reported quarter. The stock decreased 0.71% or $0.25 during the last trading session, reaching $35.2.

Shares of NYSE:TSM traded down $1.20 during midday trading on Friday, hitting $42.65. Since April 15, 2017 TSM has risen 30.51% and is uptrending. It has outperformed by 20.43% the S&P500.

Oppenheimer & Company Inc, which manages about $8.66 billion and $3.88B US Long portfolio, decreased its stake in Alphabet Inc by 2,599 shares to 25,972 shares, valued at $27.36 million in 2017Q4, according to the filing. It also reduced its holding in Bank Of America Corp (NYSE:BAC) by 258,500 shares in the quarter, leaving it with 153,000 shares, and cut its stake in Gannett Co Inc.

Among 16 analysts covering Liberty Global (NASDAQ:LBTYA), 14 have Buy rating, 0 Sell and 2 Hold. The positive are 50%. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. As per Tuesday, October 4, the company rating was upgraded by Susquehanna. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has "Hold" rating given on Wednesday, September 6 by KeyBanc Capital Markets. HSBC downgraded the shares of TSM in report on Wednesday, June 21 to "Hold" rating. Goldman Sachs raised Taiwan Semiconductor Mfg. from a "neutral" rating to a "buy" rating in a research report on Monday, January 22nd. The firm earned "Outperform" rating on Friday, December 11 by Credit Suisse. On Tuesday, March 13 the rating was maintained by Susquehanna with "Hold". The firm earned "Hold" rating on Tuesday, January 3 by Suntrust Robinson. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has "Buy" rating given on Tuesday, October 10 by J.P. Morgan. (NYSE:JWN). Panagora Asset Mngmt Incorporated accumulated 11,058 shares.

Since January 31, 2018, it had 1 insider purchase, and 2 sales for $2.69 million activity. About 1.54M shares traded. The stock has a consensus rating of "Hold" and a consensus target price of $31.00. Therefore 20% are positive. Nordstrom Inc. had 116 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Friday, February 3 by Stifel Nicolaus. The firm has "Buy" rating given on Thursday, July 27 by Pivotal Research. The company was maintained on Thursday, November 10 by Rafferty. The rating was upgraded by Morgan Stanley to "Overweight" on Thursday, February 18. As per Thursday, December 3, the company rating was downgraded by Argus Research. The stock has "Market Perform" rating by Wells Fargo on Wednesday, April 26. The firm earned "Hold" rating on Tuesday, October 17 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.07, from 0.77 in 2017Q3. 92 funds opened positions while 233 raised stakes. Qci Asset Mgmt owns 24 shares for 0% of their portfolio. Richard C Young Company Limited has 1.84% invested in Visa Inc. Marathon Cap Management reported 0.3% of its portfolio in International Business Machines Corporation (NYSE:IBM). Rice Hall James And Assoc Lc holds 44,841 shares or 0.07% of its portfolio. Broadview Advsrs Limited invested 0.82% of its portfolio in Nordstrom, Inc. Partner Invest Lp invested in 17,981 shares or 1.31% of the stock. Vontobel Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor 14.5% in the 4th quarter. Stearns Group stated it has 7,243 shares.

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