Taiwan Semiconductor (TSM) Shareholder Oaktree Capital Management LP Upped Stake

January 20, 2018 - By Clifton Ray

Howard Marks increased its stake in Taiwan Semiconductor (TSM) by 5.54% based on its latest 2017Q3 regulatory filing with the SEC. Oaktree Capital Management Lp bought 212,375 shares as the company’s stock rose 8.84% with the market. The hedge fund run by Howard Marks held 4.05M shares of the semiconductors company at the end of 2017Q3, valued at $151.98 million, up from 3.84 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Taiwan Semiconductor for a number of months, seems to be bullish on the $219.31B market cap company. The stock increased 0.22% or $0.1 during the last trading session, reaching $44.67. About 6.54M shares traded or 25.58% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since January 20, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

Oaktree Capital Management Lp, which manages about $6.70B US Long portfolio, decreased its stake in Cemex Sab De Cv (NYSE:CX) by 1.87 million shares to 5.45 million shares, valued at $49.53M in 2017Q3, according to the filing. It also reduced its holding in Starwood Property Trust Inc (Prn) by 11.06 million shares in the quarter, leaving it with 12.04M shares, and cut its stake in Cit Group Inc (NYSE:CIT).

More notable recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Nasdaq.com which released: “Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Ex-Dividend Date …” on June 23, 2017, also Nasdaq.com with their article: “Taiwan Semi (TSM) Q4 Earnings Beat on Strong Product Ramp Up” published on January 19, 2018, Benzinga.com published: “Todd Gordon’s Taiwan Semiconductor Trade” on July 12, 2017. More interesting news about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were released by: Thestreet.com and their article: “Taiwan Semiconductor Sees Record 2018 Sales on Crypto Mining Explosion” published on January 18, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For January 16, 2018” with publication date: January 16, 2018.

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

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Taiwan Semiconductor Manufacturing had 14 analyst reports since August 24, 2015 according to SRatingsIntel. HSBC upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, January 16 to “Buy” rating. On Friday, October 14 the stock rating was upgraded by Pacific Crest to “Sector Weight”. As per Thursday, January 18, the company rating was maintained by Susquehanna. On Wednesday, September 6 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Hold” rating given on Wednesday, June 21 by HSBC. The company was upgraded on Tuesday, October 4 by Susquehanna. HSBC downgraded the shares of TSM in report on Thursday, October 13 to “Hold” rating. The rating was downgraded by Goldman Sachs on Tuesday, June 28 to “Neutral”. Credit Suisse upgraded the shares of TSM in report on Friday, December 11 to “Outperform” rating. The firm has “Buy” rating by J.P. Morgan given on Tuesday, October 10.

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