Stock Traders Buy High Volume of Call Options on Taiwan Semiconductor Mfg. (NYSE:TSM)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was the recipient of unusually large options trading on Thursday. Stock traders purchased 56,261 call options on the company. This represents an increase of approximately 955% compared to the average volume of 5,334 call options.

Shares of TSM stock opened at $49.42 on Friday. The business’s 50 day moving average is $44.56 and its two-hundred day moving average is $42.15. Taiwan Semiconductor Mfg. has a twelve month low of $34.22 and a twelve month high of $49.79. The company has a market capitalization of $256.30 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.33 and a beta of 1.02. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The company had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same quarter last year, the business posted $2.79 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Taiwan Semiconductor Mfg. will post 2.06 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Trustcore Financial Services LLC grew its stake in shares of Taiwan Semiconductor Mfg. by 129.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 395 shares during the last quarter. JNBA Financial Advisors lifted its holdings in shares of Taiwan Semiconductor Mfg. by 87.5% in the 2nd quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 421 shares during the period. Kavar Capital Partners LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. in the 2nd quarter valued at approximately $38,000. Regal Wealth Group Inc. acquired a new stake in shares of Taiwan Semiconductor Mfg. in the 2nd quarter valued at approximately $39,000. Finally, Motco acquired a new stake in shares of Taiwan Semiconductor Mfg. in the 2nd quarter valued at approximately $42,000. Institutional investors own 19.03% of the company’s stock.

TSM has been the topic of a number of research reports. Goldman Sachs Group restated a “buy” rating and set a $55.00 price target on shares of Taiwan Semiconductor Mfg. in a research note on Monday, September 30th. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 4th. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Saturday, August 3rd. Finally, ValuEngine downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.00.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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