Short-term stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) increases 48.7%
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) benefited from a significant increase in short-term interest in April. As of April 15, there was short interest totaling 18,570,000 shares, an increase of 48.7% from the March 31 total of 12,490,000 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 12,830,000 shares, the day-to-cover ratio is currently 1.4 days.
TSM has been the subject of several research reports. Morgan Stanley upgraded shares of Taiwan Semiconductor Manufacturing from a “weighted” rating to an “overweight” rating in a Monday, February 7, report. DZ Bank launched a hedge on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, January 12. They issued a “buy” rating and a price target of $145.00 for the company. Atlantic Securities upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and raised its price target for the stock from $125.00 to $170.00 in a Thursday 13 report. january. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Wednesday, April 20 report. Finally, cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14 research note. Five research analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $135.50.
NYSE TSM shares were down $2.29 at midday Friday, hitting $92.93. 10,629,321 shares of the company were traded, against an average volume of 12,074,294. Taiwan Semiconductor Manufacturing has a 52-week low of $90.22 and a 52-week high of $145.00. The stock has a 50-day moving average price of $103.08 and a 200-day moving average price of $114.88. The company has a debt ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.86.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released quarterly earnings data on Thursday, April 14. The semiconductor company reported earnings per share of $1.39 for the quarter, beating Thomson Reuters consensus estimate of $1.33 by $0.06. Taiwan Semiconductor Manufacturing achieved a net margin of 38.44% and a return on equity of 31.70%. The company posted revenue of $491.08 billion in the quarter, versus analyst estimates of $471.53 billion. During the same quarter last year, the company posted EPS of $0.96. The company’s revenue for the quarter increased 35.5% year over year. Stock analysts expect Taiwan Semiconductor Manufacturing to post EPS of 5.93 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Friday, June 17 will receive a dividend of $0.3897 per share. This represents an annualized dividend of $1.56 and a dividend yield of 1.68%. The ex-dividend date is Thursday, June 16. Taiwan Semiconductor Manufacturing’s dividend payout rate is 32.89%.
A number of institutional investors and hedge funds have recently changed their stock holdings. Allspring Global Investments Holdings LLC acquired a new position in Taiwan Semiconductor Manufacturing in Q4 at a value of approximately $790,585,000. Schroder Investment Management Group increased its position in shares of Taiwan Semiconductor Manufacturing by 221.8% in the third quarter. Schroder Investment Management Group now owns 7,581,824 shares of the semiconductor company worth $169,301,000 after purchasing an additional 5,226,075 shares during the period. Assenagon Asset Management SA increased its holdings of Taiwan Semiconductor Manufacturing shares by 1,692.3% during the first quarter. Assenagon Asset Management SA now owns 5,437,611 shares of the semiconductor company valued at $566,925,000 after buying an additional 5,134,222 shares last quarter. GQG Partners LLC increased its holdings of Taiwan Semiconductor Manufacturing shares by 60.8% during the fourth quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company valued at $1,628,657,000 after purchasing an additional 5,117,716 shares last quarter. Finally, Pendal Group Ltd increased its holdings of Taiwan Semiconductor Manufacturing shares by 697.5% during the fourth quarter. Pendal Group Ltd now owns 4,823,210 shares in the semiconductor company valued at $161,608,000 after buying an additional 4,218,455 shares last quarter.
Taiwan Semiconductor Manufacturing Company Profile (Get a rating)
Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio-frequency, and embedded memory semiconductors.
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