Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) sees a surge in short-term interest
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) was the target of significant short-term interest growth during the month of October. As of October 31, there were short interests totaling 22,690,000 shares, an 18.2% growth from the total of 19,200,000 shares as of October 15. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 12,610,000 shares, the day-to-cover ratio is currently 1.8 days.
Analysts set new price targets
Several equity research analysts have recently commented on TSM shares. Cowen reduced his price target on Taiwan Semiconductor Manufacturing to $75.00 in a Thursday, October 20 research note. Goldman Sachs Group upgraded Taiwan Semiconductor Manufacturing from a “buy conviction” rating to a “buy” rating in a Thursday, Oct. 13 research note. TheStreet upgraded Taiwan Semiconductor Manufacturing from a “b-” to a “c+” rating in a research report on Friday, November 4. Finally, StockNews.com launched coverage on semiconductor manufacturing in Taiwan in a research report on Wednesday, October 12. They issued a “buy” rating for the company. Three analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $116.57.
Taiwan Semiconductor Manufacturing Institutional Trade
A number of large investors have recently changed their positions in TSM. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Taiwan Semiconductor Manufacturing shares by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 183,701 shares of the semiconductor company valued at $19,153,000 after acquiring 2,244 additional shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.0% during the first quarter. Chevy Chase Trust Holdings Inc. now owns 5,984 shares of the semiconductor company valued at $624,000 after acquiring 492 additional shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% during the first quarter. GHP Investment Advisors Inc. now owns 5,647 shares of the semiconductor company valued at $589,000 after acquiring 127 additional shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter at a value of $239,000. Finally, Financial Counselors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.9% during the first quarter. Financial Counselors Inc. now owns 14,023 shares of the semiconductor company valued at $1,462,000 after acquiring 649 additional shares in the last quarter. Institutional investors and hedge funds hold 16.86% of the company’s shares.
Taiwan Semiconductor Manufacturing Price Performance
Taiwan Semiconductor Manufacturing stock traded at $8.24 during trading hours on Tuesday, hitting $81.04. The stock had a trading volume of 1,750,503 shares, compared to an average volume of 14,416,259. The company has a leverage ratio of 0.31, a current ratio of 2.25 and a quick ratio of 2. .00. The stock has a market capitalization of $420.30 billion, a price-earnings ratio of 13.74, a PEG ratio of 0.52 and a beta of 0.95. Taiwan Semiconductor Manufacturing has a 1-year low of $59.43 and a 1-year high of $145.00. The stock’s fifty-day moving average is $69.72 and its two-hundred-day moving average is $81.11.
Taiwan Semiconductor Manufacturing Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, April 13. Shareholders of record on Friday, March 17 will receive a dividend of $0.3392. This represents an annualized dividend of $4.07 and a yield of 5.02%. The ex-dividend date is Thursday, March 16. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 23.26%.
About Semiconductor Manufacturing in Taiwan
(Get an assessment)
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Taiwan Semiconductor Manufacturing, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Taiwan Semiconductor Manufacturing was not on the list.
While Taiwan Semiconductor Manufacturing currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here