As Taiwan Semiconductor Mfg LTD (TSM) Share Value Rose, Holder Keywise Capital Management LTD Has Decreased by $23.22 Million Its Position

December 8, 2017 - By Adrian Mccoy

Fang Zheng decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 45.52% based on its latest 2017Q2 regulatory filing with the SEC. Keywise Capital Management Ltd sold 682,900 shares as the company’s stock rose 8.84% with the market. The hedge fund run by Fang Zheng held 817,400 shares of the semiconductors company at the end of 2017Q2, valued at $28.58M, down from 1.50 million at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $196.14B market cap company. The stock increased 0.85% or $0.33 during the last trading session, reaching $39.01. About 11.29 million shares traded or 117.11% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since December 8, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on January, 11. They expect $0.61 earnings per share, 0.00 % or $0.00 from last year’s $0.61 per share. TSM’s profit will be $3.07B for 15.99 P/E if the $0.61 EPS becomes a reality. After $0.57 actual earnings per share reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts 7.02 % EPS growth.

More important recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Stockhouse.com which released: “Investor Network: Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR …” on October 19, 2017, also Zacks.com published article titled: “Time to Buy MFS International Growth A Fund (MGRAX)”, Investorplace.com published: “How Cheap Does Intel Corporation Stock Need to Get Before It’s Attractive?” on December 04, 2017. More interesting news about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was released by: Zacks.com and their article: “Outline of MFS International Growth R4 Fund (MGRVX)” with publication date: December 06, 2017.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Ratings Coverage

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Taiwan Semiconductor Manufacturing had 12 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Sector Weight” rating by Pacific Crest on Friday, October 14. The firm has “Outperform” rating by Credit Suisse given on Friday, December 11. HSBC downgraded the stock to “Hold” rating in Wednesday, June 21 report. The firm has “Buy” rating by J.P. Morgan given on Tuesday, October 10. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, November 27 report. The firm has “Neutral” rating by Susquehanna given on Tuesday, October 4. The firm has “Hold” rating given on Thursday, October 13 by HSBC. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, September 6. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, June 28 report.

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