ETFs with heavy weightings in Taiwan Semi catch a ride higher
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
0mins
Source: SeekingAlpha
Strong Earnings Boost: Taiwan Semiconductor Manufacturing Company Limited (TSMC) shares surged after the company reported strong earnings, positively impacting many exchange-traded funds (ETFs) that include TSMC.
ETF Popularity: TSMC's performance is significant as it is a popular component in 83 different ETFs, contributing to their overall rise in value.
Analyst Views on UMMA
Wall Street analysts forecast UMMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UMMA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 31.280
Low
Averages
High
Current: 31.280
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
