Grimes & Company Has Trimmed Taiwan Semiconductor Manufactu (TSM) Stake; Stephens Increased Glaxosmithkline Plc (GSK) Holding By $1.15 Million

December 7, 2017 - By Louis Casey

Grimes & Company Inc decreased Taiwan Semiconductor Manufactu (TSM) stake by 15.54% reported in 2017Q2 SEC filing. Grimes & Company Inc sold 30,502 shares as Taiwan Semiconductor Manufactu (TSM)’s stock rose 8.84%. The Grimes & Company Inc holds 165,738 shares with $5.79M value, down from 196,240 last quarter. Taiwan Semiconductor Manufactu now has $194.48 billion valuation. The stock decreased 1.33% or $0.52 during the last trading session, reaching $38.68. About 8.62 million shares traded or 69.81% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since December 7, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

Stephens Inc increased Glaxosmithkline Plc (GSK) stake by 8.4% reported in 2017Q2 SEC filing. Stephens Inc acquired 26,706 shares as Glaxosmithkline Plc (GSK)’s stock rose 5.47%. The Stephens Inc holds 344,530 shares with $14.86 million value, up from 317,824 last quarter. Glaxosmithkline Plc now has $80.81B valuation. The stock decreased 0.57% or $0.2 during the last trading session, reaching $34.66. About 5.77M shares traded or 18.67% up from the average. GlaxoSmithKline plc (NYSE:GSK) has risen 4.26% since December 7, 2016 and is uptrending. It has underperformed by 12.44% the S&P500.

Grimes & Company Inc increased Spdr Barclays High Yield Bond (JNK) stake by 40,720 shares to 1.30 million valued at $48.23 million in 2017Q2. It also upped Ishares Dow Jones Us Technolog (IYW) stake by 9,087 shares and now owns 103,290 shares. Ishares Dow Jones Us Financial (IYF) was raised too.

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) has “Hold” rating given on Wednesday, June 21 by HSBC. Credit Suisse upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Friday, December 11 to “Outperform” rating. Pacific Crest upgraded the stock to “Sector Weight” rating in Friday, October 14 report. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 27. The firm has “Buy” rating given on Tuesday, October 10 by J.P. Morgan. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, June 28. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, September 6. Susquehanna upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, October 4 to “Neutral” rating. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Hold” rating given on Thursday, October 13 by HSBC.

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on January, 11. They expect $0.61 EPS, 0.00% or $0.00 from last year’s $0.61 per share. TSM’s profit will be $3.07 billion for 15.85 P/E if the $0.61 EPS becomes a reality. After $0.57 actual EPS reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts 7.02% EPS growth.

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By1 Louis Casey




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