Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Short Interest Update
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 23,297,479 shares, an increase of 23.1% from the August 31st total of 18,930,026 shares. Based on an average daily volume of 5,306,256 shares, the short-interest ratio is presently 4.4 days.
Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 38.44 on Wednesday. The firm has a 50-day moving average of $37.21 and a 200 day moving average of $35.39. Taiwan Semiconductor Manufacturing has a 52 week low of $28.34 and a 52 week high of $38.47. The company has a market cap of $199.35 billion, a P/E ratio of 17.20 and a beta of 0.74.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.08). The company had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 EPS. Equities analysts anticipate that Taiwan Semiconductor Manufacturing will post $2.15 earnings per share for the current fiscal year.
Several research firms have weighed in on TSM. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, June 15th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average target price of $31.67.
A number of hedge funds have recently made changes to their positions in the stock. Bruderman Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $115,000. Pictet & Cie Europe SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $134,000. Pictet North America Advisors SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $166,000. U S Global Investors Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $187,000. Finally, Sit Investment Associates Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 107.7% in the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 19.38% of the company’s stock.
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Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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