ProShares UltraShort Nasdaq Biotech (BIS) Touches $21.93 Formed H&S; Capital International Investors Raised By $77.15 Million Its Taiwan Semiconductor Mfg Co Adr (TSM) Position

Capital International Investors increased Taiwan Semiconductor Mfg Co Adr (TSM) stake by 38.46% reported in 2017Q3 SEC filing. Capital International Investors acquired 2.09M shares as Taiwan Semiconductor Mfg Co Adr (TSM)’s stock rose 8.84%. The Capital International Investors holds 7.51 million shares with $281.86M value, up from 5.42 million last quarter. Taiwan Semiconductor Mfg Co Adr now has $197.14B valuation. The stock increased 1.02% or $0.4 during the last trading session, reaching $39.63. About 2.52M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since December 25, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

ProShares UltraShort Nasdaq Biotech (BIS) formed inverse H&S with $23.47 target or 7.00% above today’s $21.93 share price. ProShares UltraShort Nasdaq Biotech (BIS) has $41.80 million valuation. The stock decreased 0.45% or $0.1 during the last trading session, reaching $21.93. About 28,970 shares traded. ProShares UltraShort Nasdaq Biotech (NASDAQ:BIS) has declined 33.44% since December 25, 2016 and is downtrending. It has underperformed by 50.14% the S&P500.

Capital International Investors decreased Microsoft Corp (NASDAQ:MSFT) stake by 318,472 shares to 31.94 million valued at $2.38 billion in 2017Q3. It also reduced Paychex Inc (NASDAQ:PAYX) stake by 3.28 million shares and now owns 67,410 shares. Broadcom Ltd was reduced 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. HSBC downgraded the stock to “Hold” rating in Wednesday, June 21 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, September 6. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Outperform” rating given on Friday, December 11 by Credit Suisse. The firm earned “Neutral” rating on Tuesday, October 4 by Susquehanna. J.P. Morgan upgraded the shares of TSM in report on Tuesday, October 10 to “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Tuesday, June 28. The company was downgraded on Monday, November 27 by Morgan Stanley. HSBC downgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Thursday, October 13 to “Hold” rating. Pacific Crest upgraded the shares of TSM in report on Friday, October 14 to “Sector Weight” rating.