Financial Counselors Inc. Boosts Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
- Author: Zachary Reyes Jun 21, 2017,
Jun 21, 2017, 1:00
Analysts await Taiwan Semiconductor Mfg. Co.
At the end of Mar reporting period, 31 institutional holders increased their position in Semiconductor Manufacturing International Corporation (NYSE:SMI) by some 780,788 shares, 15 decreased positions by 3,928,835 and 1 held positions by 1,433,649.
Several other hedge funds also recently added to or reduced their stakes in the company. Ngam Advisors L.P. raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 3.9% in the first quarter.
The share price of Cypress Semiconductor Corporation (NASDAQ:CY) was down -1.72% during the last trading session, with a day high of 13.44.
Morgan Stanley (NYSE:MS) exchanged hands 9.15M shares versus average trading capacity of 9.09M shares. The Veritable Lp holds 16,241 shares with $467,000 value, down from 55,163 last quarter. Jupiter Asset Management Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing Company by 3.7% in the fourth quarter. Price targets reflect what the analyst believes a stock will be worth four quarters into the future.
Raging Capital Management Llc holds 1.04% of its portfolio in Intermolecular Inc for 14.73 million shares. Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing Company and gave the company a "buy" rating in a research note on Saturday, April 15th. The original version of this report can be read at https://www.themarketsdaily.com/2017/06/19/financial-counselors-inc-boosts-stake-in-taiwan-semiconductor-manufacturing-company-ltd-tsm.html. Hedge funds and other institutional investors own 19.88% of the company's stock. The stock has gained 1.24%, reaching at $35.87 after hovering between $35.72 and $35.95.
The volume of the particular stock is the shares bought and sold in a single trading day. The firm has a market capitalization of $6.47 billion, a PE ratio of 29.58 and a beta of 1.94.
Cypress Semiconductor Corporation had its " rating reiterated by analysts at Bank of America Merrill Lynch. For the half year, Taiwan Semiconductor Manufacturing Company Limited has seen performance at 20.06%. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $91.59 on company shares. The business had revenue of $532 million during the quarter, compared to analysts' expectations of $511.41 million. Cypress Semiconductor Corporation had a positive return on equity of 5.31% and a negative net margin of 30.84%.
The company reported an impressive total revenue of 947.94 Billion in the last fiscal year.
For the past 5 years, Cypress Semiconductor Corporation's EPS growth has been almost -34.4%. However Taiwan Semiconductor Manufacturing Company Limited's ability to meet these debts is for current ratio of 2.6 and a quick ratio of 2.4. Investors of record on Wednesday, June 28th will be paid a dividend of $0.927 per share. Taiwan Semiconductor Manufacturing Company's dividend payout ratio (DPR) is 34.56%. Annual dividend yield of Sanofi (SNY) is at 3.38%. The ex-dividend date is Tuesday, June 27th. Taiwan Semiconductor Manufacturing Company's dividend payout ratio (DPR) is now 34.56%.
TRADEMARK VIOLATION WARNING: "Cypress Semiconductor Corporation (CY) Director Sells $89,453.85 in Stock" was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark law. The firm has "Buy" rating given on Friday, October 23 by Topeka Capital Markets.
TSM has been the topic of a number of research reports. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, May 2nd. The rating was downgraded by HSBC on Thursday, October 13 to "Hold". Based on a 1 to 5 integer scale, analysts have a 2.30 recommendation on the name.
Hollencrest Securities Llc who had been investing in Taiwan Semiconductr F Sponsore for a number of months, seems to be less bullish one the $183.25B market cap company. The Firm is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks.