Sorl Auto Parts, Inc. (SORL) Reaches $3.79 After 6.00% Down Move; Axa Increased Its Taiwan …

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September 29, 2017 – By Peter Erickson

The stock of Sorl Auto Parts, Inc. (NASDAQ:SORL) is a huge mover today! About 87,986 shares traded. Sorl Auto Parts, Inc. (NASDAQ:SORL) has risen 316.96% since September 29, 2016 and is uptrending. It has outperformed by 300.26% the S&P500.The move comes after 6 months negative chart setup for the $73.14 million company. It was reported on Sep, 29 by We have $3.56 PT which if reached, will make NASDAQ:SORL worth $4.39 million less.

Axa increased Taiwan Semiconductor Mfg Ltd (TSM) stake by 89.89% reported in 2017Q2 SEC filing. Axa acquired 243,207 shares as Taiwan Semiconductor Mfg Ltd (TSM)’s stock rose 8.84%. The Axa holds 513,755 shares with $17.96 million value, up from 270,548 last quarter. Taiwan Semiconductor Mfg Ltd now has $185.17 billion valuation. The stock rose 1.12% or $0.42 reaching $37.47 per share. About 1.50 million shares traded. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has risen 51.40% since September 29, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

Among 6 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Taiwan Semiconductor Manufacturing had 10 analyst reports since August 24, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of TSM in report on Tuesday, June 28 to “Neutral” rating. The company was upgraded on Friday, October 14 by Pacific Crest. Credit Suisse upgraded the shares of TSM in report on Friday, December 11 to “Outperform” rating. HSBC downgraded Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) on Wednesday, June 21 to “Hold” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, September 6. The firm earned “Hold” rating on Thursday, October 13 by HSBC. Susquehanna upgraded the stock to “Neutral” rating in Tuesday, October 4 report.

Axa decreased Hershey Co (NYSE:HSY) stake by 6,600 shares to 92,200 valued at $9.90M in 2017Q2. It also reduced Honeywell Intl Inc (NYSE:HON) stake by 14,612 shares and now owns 876,661 shares. Zions Bancorporation (NASDAQ:ZION) was reduced too.

Analysts await Sorl Auto Parts, Inc. (NASDAQ:SORL) to report earnings on November, 13. They expect $0.18 earnings per share, up 5.88% or $0.01 from last year’s $0.17 per share. SORL’s profit will be $3.47M for 5.26 P/E if the $0.18 EPS becomes a reality. After $0.31 actual earnings per share reported by Sorl Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -41.94% negative EPS growth.

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