Taiwan Semiconductor Manufacturing Sees Unusually Large Options Volume (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 80,821 call options on the company. This represents an increase of approximately 49% compared to the average volume of 54,392 call options.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TSM. Macquarie Group Ltd. boosted its holdings in Taiwan Semiconductor Manufacturing by 9,912.6% in the first quarter. Macquarie Group Ltd. now owns 78,769,354 shares of the semiconductor company’s stock valued at $7,327,125,000 after purchasing an additional 77,982,655 shares in the last quarter. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 50.8% in the 1st quarter. FMR LLC now owns 41,902,774 shares of the semiconductor company’s stock valued at $3,897,796,000 after buying an additional 14,122,168 shares during the last quarter. Morgan Stanley raised its stake in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after acquiring an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 108,945.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after acquiring an additional 5,466,898 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 17.2% in the second quarter. Fisher Asset Management LLC now owns 29,562,673 shares of the semiconductor company’s stock valued at $2,988,346,000 after acquiring an additional 4,333,997 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TSM. Barclays started coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They set an “overweight” rating and a $105.00 price target on the stock. Susquehanna reduced their price objective on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $115.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and an average price target of $116.67.
View Our Latest Stock Report on TSM
Taiwan Semiconductor Manufacturing Price Performance
Shares of TSM opened at $102.98 on Tuesday. The firm has a 50-day simple moving average of $95.09 and a two-hundred day simple moving average of $95.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.15 and a quick ratio of 1.88. Taiwan Semiconductor Manufacturing has a 1-year low of $72.84 and a 1-year high of $110.69. The stock has a market cap of $534.07 billion, a PE ratio of 18.52, a P/E/G ratio of 2.90 and a beta of 1.05.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $16.90 billion. Taiwan Semiconductor Manufacturing had a return on equity of 28.28% and a net margin of 41.42%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS. As a group, analysts forecast that Taiwan Semiconductor Manufacturing will post 4.97 EPS for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5415 per share. This represents a $2.17 annualized dividend and a yield of 2.10%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.16%.
About Taiwan Semiconductor Manufacturing (Get Free Report)
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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