Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) saw unusually large options trading on Thursday. Traders purchased 9,036 call options on the stock. This represents an increase of 1,235% compared to the average volume of 677 call options.
Several equities research analysts have issued reports on TSM shares. HSBC upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Thursday, January 11th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. Finally, KeyCorp restated a “hold” rating on shares of Taiwan Semiconductor Mfg. in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $37.50.
Shares of Taiwan Semiconductor Mfg. (TSM) opened at $44.67 on Friday. Taiwan Semiconductor Mfg. has a twelve month low of $29.57 and a twelve month high of $45.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11. The firm has a market capitalization of $218,610.00, a P/E ratio of 19.94, a PEG ratio of 1.21 and a beta of 0.74.
Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Taiwan Semiconductor Mfg. in the 3rd quarter valued at approximately $113,000. AGF Investments Inc. increased its holdings in shares of Taiwan Semiconductor Mfg. by 63.8% in the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 1,416 shares during the last quarter. Hexavest Inc. increased its holdings in shares of Taiwan Semiconductor Mfg. by 124.8% in the 4th quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock valued at $189,000 after acquiring an additional 2,644 shares during the last quarter. Conning Inc. bought a new stake in shares of Taiwan Semiconductor Mfg. in the 3rd quarter valued at approximately $201,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. in the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 19.43% of the company’s stock.
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About Taiwan Semiconductor Mfg.
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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