Causeway Capital Management Increased Taiwan Semiconductor Mfg LTD (TSM) Holding By $13.90 Million; Hawk Ridge Management Lowered By $5.79 Million Its Argan (AGX) Stake

September 6, 2017 - By Clifton Ray

Causeway Capital Management Llc increased Taiwan Semiconductor Mfg Ltd (TSM) stake by 7.3% reported in 2016Q4 SEC filing. Causeway Capital Management Llc acquired 479,400 shares as Taiwan Semiconductor Mfg Ltd (TSM)’s stock rose 8.84%. The Causeway Capital Management Llc holds 7.05 million shares with $204.95M value, up from 6.57 million last quarter. Taiwan Semiconductor Mfg Ltd now has $188.21B valuation. The stock declined 0.05% or $0.02 reaching $37.25 on the news. About 4.18M shares traded. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has risen 51.40% since September 6, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

Hawk Ridge Management Llc decreased Argan Inc (AGX) stake by 77.56% reported in 2016Q4 SEC filing. Hawk Ridge Management Llc sold 82,693 shares as Argan Inc (AGX)’s stock declined 5.69%. The Hawk Ridge Management Llc holds 23,930 shares with $1.69 million value, down from 106,623 last quarter. Argan Inc now has $983.17M valuation. The stock increased 0.24% or $0.15 during the last trading session, reaching $63.35. About 82,382 shares traded. Argan, Inc. (NYSE:AGX) has risen 101.20% since September 6, 2016 and is uptrending. It has outperformed by 84.50% the S&P500.

Among 3 analysts covering Argan (NYSE:AGX), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Argan had 3 analyst reports since October 16, 2015 according to SRatingsIntel. Lake Street initiated Argan, Inc. (NYSE:AGX) on Thursday, June 9 with “Buy” rating. The rating was downgraded by Avondale to “Mkt Perform” on Thursday, December 8. The company was initiated on Friday, October 16 by Wm Smith.

Causeway Capital Management Llc decreased Csx Corp (NYSE:CSX) stake by 716,371 shares to 4.38M valued at $184.99 million in 2016Q4. It also reduced America Movil Sab De Cv (NYSE:AMX) stake by 1.41M shares and now owns 26,000 shares. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Among 5 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Taiwan Semiconductor Manufacturing had 9 analyst reports since August 24, 2015 according to SRatingsIntel. HSBC downgraded the shares of TSM in report on Wednesday, June 21 to “Hold” rating. The rating was upgraded by Pacific Crest to “Sector Weight” on Friday, October 14. HSBC downgraded the shares of TSM in report on Thursday, October 13 to “Hold” rating. The stock of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) earned “Neutral” rating by Susquehanna on Tuesday, October 4. Credit Suisse upgraded Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) on Friday, December 11 to “Outperform” rating. Goldman Sachs downgraded the shares of TSM in report on Tuesday, June 28 to “Neutral” rating.