As Icici Bk LTD (IBN) Market Value Declined, Ci Investments Has Boosted Stake; Myriad Asset Management LTD Lowered Position in Taiwan Semiconductor Mfg LTD (TSM) by $4.30 Million

June 22, 2018 - By Vivian Park

ICICI Bank Limited (NYSE:IBN) Logo

Ci Investments Inc increased its stake in Icici Bk Ltd (IBN) by 43.99% based on its latest 2018Q1 regulatory filing with the SEC. Ci Investments Inc bought 415,724 shares as the company’s stock declined 14.41% with the market. The institutional investor held 1.36M shares of the commercial banks company at the end of 2018Q1, valued at $12.04 million, up from 944,950 at the end of the previous reported quarter. Ci Investments Inc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $28.77B market cap company. The stock increased 0.69% or $0.06 during the last trading session, reaching $8.77. About 8.98M shares traded or 21.61% up from the average. ICICI Bank Limited (NYSE:IBN) has declined 2.16% since June 22, 2017 and is downtrending. It has underperformed by 14.73% the S&P500. Some Historical IBN News: 10/05/2018 – FirstPost: ICICI-Vodafone loan row: Lok Ranjan, government’s nominee on bank board, transferred to Dept of Personnel; 07/05/2018 – ICICI BANK LTD ICBK.NS – MARCH QTR INTEREST EARNED 142.64 BLN RUPEES VS 135.69 BLN RUPEES LAST YEAR; 25/04/2018 – ICICI LOMBARD GENERAL INSURANCE COMPANY LTD ICIL.NS – MARCH QTR NET PREMIUM EARNED 19.07 BLN RUPEES VS 15.98 BLN RUPEES LAST YEAR; 07/05/2018 – INDIA’S ICICI BANK EXEC SAYS BOARD WILL MEET ON TUESDAY FOR STRATEGY AND BUDGET PLANNING; 30/05/2018 – ICICI: COMPLAINT ON CEO’S ALLEGED VIOLATION OF CODE OF CONDUCT; 19/04/2018 – ICICI BANK SAYS NO ANNOUNCEMENT MADE IN MEETING WITH INVESTORS; 30/03/2018 – Economic Times: CBI files PE against ICICI Bank CEO Chanda Kochhar’s husband and Videocon’s Venugopal Dhoot; 07/05/2018 – ICICI BANK 4Q PROVISIONS 66.3B RUPEES; 16/05/2018 – The Tribune: I-T Dept quizzes Videocon Group MD Dhoot in ICICI loan case; 12/04/2018 – INDIA MARKET REGULATOR INITIATES PROBE INTO ALLEGED CORPORATE GOVERNMANCE BREACHES AT ICICI BANK – ET NOW CITING

Myriad Asset Management Ltd decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 12.5% based on its latest 2018Q1 regulatory filing with the SEC. Myriad Asset Management Ltd sold 100,000 shares as the company’s stock declined 11.51% with the market. The institutional investor held 700,000 shares of the semiconductors company at the end of 2018Q1, valued at $30.63M, down from 800,000 at the end of the previous reported quarter. Myriad Asset Management Ltd who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $195.87 billion market cap company. The stock decreased 1.90% or $0.73 during the last trading session, reaching $37.62. About 9.25M shares traded or 17.28% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 10.49% since June 22, 2017 and is uptrending. It has underperformed by 2.08% the S&P500. Some Historical TSM News: 26/04/2018 – Achronix’s Speedcore eFPGA Devices to be Highlighted at TSMC 2018 North America, China Technology Events in May; 26/03/2018 – TSMC AT FULL CAPACITY AS ANDROID CHIP DEMAND RISES: COMM. TIMES; 09/04/2018 – TSMC to cut 1 seat in board of directors after Morris Chang retires in June, sources say; 13/03/2018 – Luxtera Achieves Record Breaking Optical Performance with New TSV-Enabled Silicon Photonics Platform at TSMC; 16/03/2018 – TSMC 2330.TW SAYS IT ORDERS FACILITY AND CONSTRUCTION FOR T$301 MLN; 28/03/2018 – TAIPEI — U.S. senior trade official met with Chairman Morris Chang of Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, and other industry executives this week in Taiwan to foster greater collaboration, according to a source familiar with the matter and a local media report; 16/04/2018 – TSMC 2330.TW TSM.N SAYS ORDERS MACHINERY WORTH T$9.4 BLN; 08/05/2018 – Patently Apple: While Apple’s Top iPhones in 2018 will use 7nm Processors, TSMC is set to deliver 7nm+ with EUV technology for; 18/04/2018 – InspectorGeneral: Occupational Therapist Owner of TSM Sentenced for Making False and Fraudulent Statements Related to Health; 22/05/2018 – 9to5Mac: Apple partner TSMC begins mass production of 7-nanometer `A12′ processors for this year’s iPhones

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. Zacks upgraded the shares of IBN in report on Thursday, September 3 to “Hold” rating. Morgan Stanley initiated ICICI Bank Limited (NYSE:IBN) rating on Tuesday, January 16. Morgan Stanley has “Buy” rating and $15.0 target. The firm earned “Buy” rating on Monday, September 14 by Goldman Sachs. On Friday, October 21 the stock rating was upgraded by UBS to “Buy”. The stock has “Neutral” rating by Goldman Sachs on Tuesday, May 3. As per Monday, October 30, the company rating was upgraded by Jefferies. The stock has “Sell” rating by Zacks on Tuesday, August 25. The rating was upgraded by Zacks to “Sell” on Wednesday, August 19. The rating was upgraded by Goldman Sachs to “Buy” on Monday, October 24. The firm earned “Outperform” rating on Thursday, April 21 by Credit Suisse.

Ci Investments Inc, which manages about $8.69B US Long portfolio, decreased its stake in Willis Towers Watson Pub Ltd by 27,276 shares to 728,023 shares, valued at $110.80M in 2018Q1, according to the filing. It also reduced its holding in Kennedy (NYSE:KW) by 353,192 shares in the quarter, leaving it with 2.04 million shares, and cut its stake in Nike Inc (NYSE:NKE).

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on July, 12. They expect $0.45 earnings per share, up 7.14% or $0.03 from last year’s $0.42 per share. TSM’s profit will be $2.34B for 20.90 P/E if the $0.45 EPS becomes a reality. After $0.59 actual earnings per share reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts -23.73% negative EPS growth.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Taiwan Semiconductor Manufacturing had 17 analyst reports since August 24, 2015 according to SRatingsIntel. Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rating on Thursday, January 18. Susquehanna has “Hold” rating and $38.0 target. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Neutral” rating by Susquehanna on Tuesday, October 4. The rating was upgraded by Goldman Sachs to “Buy” on Monday, January 22. As per Thursday, October 13, the company rating was downgraded by HSBC. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with “Hold”. As per Tuesday, October 10, the company rating was upgraded by J.P. Morgan. As per Wednesday, June 21, the company rating was downgraded by HSBC. The rating was upgraded by HSBC to “Buy” on Tuesday, January 16. Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rating on Tuesday, March 13. Susquehanna has “Hold” rating and $39.0 target. The rating was maintained by Susquehanna on Thursday, April 19 with “Hold”.

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

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