Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Short interest down 47.6% in June
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) was the target of a sharp drop in short-term interest in June. As of June 15, there was short interest totaling 11,390,000 shares, a decrease of 47.6% from the total of 21,740,000 shares as of May 31. Based on an average daily volume of 10,520,000 shares, the short interest rate is currently 1.1 days. Approximately 0.2% of the company’s shares are sold short.
Shares of TSM traded at $4.75 at midday on Friday, hitting $77.00. 19,525,629 shares of the company have been traded, compared to its average volume of 12,510,958. The stock has a market capitalization of $399.33 billion, a P/E ratio of 16.89 and a beta of 0.94. The stock’s 50-day moving average is $90.23 and its two-hundred-day moving average is $106.24. Taiwan Semiconductor Manufacturing has a 12-month low of $76.18 and a 12-month high of $145.00. The company has a debt ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its results on Thursday, April 14. The semiconductor company reported EPS of $1.40 for the quarter, beating consensus analyst estimates of $1.31 by $0.09. The company posted revenue of $491.08 billion for the quarter, versus $471.53 billion expected by analysts. Taiwan Semiconductor Manufacturing recorded a return on equity of 30.84% and a net margin of 38.44%. The company’s quarterly revenue increased 35.5% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.96. Research analysts expect Taiwan Semiconductor Manufacturing to post earnings per share of 5.93 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13. Shareholders of record on Friday, September 16 will receive a dividend of $0.4625 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15. This represents a dividend of $1.85 on an annualized basis and a dividend yield of 2.40%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.46%.
Several hedge funds and other institutional investors have recently changed their positions in the stock. Temasek Holdings Private Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $28,768,000. American Trust increased its holdings of Taiwan Semiconductor Manufacturing shares by 5.8% in the first quarter. American Trust now owns 52,944 shares of the semiconductor company valued at $5,520,000 after buying 2,897 additional shares during the period. The Kentucky State Teachers’ Retirement System increased its holdings of Taiwan Semiconductor Manufacturing shares 16.7% in the first quarter. The Kentucky State Teachers’ Retirement System now owns 119,030 shares of the semiconductor company valued at $12,410,000 after purchasing an additional 17,000 shares during the period. Bank of America Corp DE increased its holdings of Taiwan Semiconductor Manufacturing shares 8.7% in the first quarter. Bank of America Corp DE now owns 12,366,535 shares of the semiconductor company valued at $1,289,334,000 after purchasing an additional 987,792 shares during the period. Finally, Finer Wealth Management Inc. increased its holdings of Taiwan Semiconductor Manufacturing shares by 23.7% in the first quarter. Finer Wealth Management Inc. now owns 2,974 shares of the semiconductor company valued at $310,000 after purchasing an additional 569 shares during the period.
Several analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a price target of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 report. StockNews.com picked up coverage of Taiwan Semiconductor Manufacturing in a Thursday, March 31 report. They issued a “buy” rating for the company. Loop Capital took over coverage of Taiwan Semiconductor Manufacturing in a Tuesday, June 21 report. They issued a “buy” rating for the company. Finally, downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14, report. Four equity research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.50.
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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