An upward trajectory has been set for Shin-Etsu Chemical Co., as the price target for its Depositary Receipt (OTCPK:SHECY) has been lifted to 21.57 per share, marking a 7.88% rise from the previous estimation of 20.00 dated January 18, 2024.
Analysts have revised the average one-year price target, with projections varying from a low of 16.55 to a high of 26.97 per share, reflecting an average surge of 6.26% from the latest closing price of 20.30 per share.
Fund Sentiment Shifts
The winds of change blow strong within the investment landscape for Shin-Etsu Chemical Co., – Depositary Receipt (), with 463 funds or institutions holding positions. This reflects an increase of 8 stakeholders or 1.76% in the last quarter. The average portfolio weight of all funds backed by SHECY has surged by 8.72% to 0.56%, while the total institutional shares have decreased by 4.82% to 249,268K shares over the past three months.
Shareholder Shuffle
AEPGX – EUROPACIFIC GROWTH FUND has trimmed its holding in SHECY from 36,391K shares to 31,485K shares, marking a decrease of 15.58%. The firm slashed its portfolio allocation in SHECY by 17.17% over the last quarter.
ANWPX – NEW PERSPECTIVE FUND maintained its position with 21,674K shares, showing stability in the last quarter.
ABALX – AMERICAN BALANCED FUND saw a substantial reduction in its SHECY shares from 16,500K to 10,500K, marking a 57.14% decrease. The firm downsized its portfolio allocation by 42.27% over the past quarter.
IEFA – iShares Core MSCI EAFE ETF increased its shares from 9,925K to 10,242K, signifying a 3.10% rise. The firm upped its portfolio allocation by 2.57% over the last quarter.
AGTHX – GROWTH FUND OF AMERICA slightly cut its SHECY holding from 7,744K shares to 7,719K shares, a reduction of 0.34%. However, the firm boosted its portfolio allocation by 8.43% in the previous quarter.
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