Short Interest in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Expands By 48.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 18,570,000 shares, a growth of 48.7% from the March 31st total of 12,490,000 shares. Based on an average daily trading volume, of 12,830,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

TSM has been the subject of a number of research reports. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Atlantic Securities raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $125.00 to $170.00 in a report on Thursday, January 13th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a report on Tuesday, January 11th. Finally, Morgan Stanley raised shares of Taiwan Semiconductor Manufacturing from an “equal weight” rating to an “overweight” rating in a report on Monday, February 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $135.50.

Shares of NYSE TSM traded down $2.29 during midday trading on Friday, reaching $92.93. 10,629,321 shares of the company traded hands, compared to its average volume of 12,074,294. Taiwan Semiconductor Manufacturing has a 52 week low of $90.22 and a 52 week high of $145.00. The stock has a 50-day moving average price of $103.08 and a 200 day moving average price of $114.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.86.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 31.70%. The business had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue was up 35.5% on a year-over-year basis. Equities analysts expect that Taiwan Semiconductor Manufacturing will post 5.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 17th will be issued a $0.3897 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.68%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.89%.

A number of large investors have recently modified their holdings of TSM. Rise Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,000. Curi Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $32,000. Eagle Bay Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 66.3% during the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 126 shares during the period. Finally, Asset Dedication LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 176.2% in the fourth quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter.

Taiwan Semiconductor Manufacturing Company Profile (Get 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 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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