Signal company

Short-term stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) drops 25.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) was the target of a significant drop in short-term interest in August. As of August 31, there was short interest totaling 17,430,000 shares, a decrease of 25.9% from the total of 23,530,000 shares as of August 15. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume of 11,180,000 shares, the short interest ratio is currently 1.6 days.

Taiwan Semiconductor Manufacturing Institutional Trade

Hedge funds have recently changed their positions in the business. Rise Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Raleigh Capital Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $26,000. Pinnacle Holdings LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $25,000. Crewe Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $25,000. Finally, Rather & Kittrell Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000. 16.86% of the shares are currently held by institutional investors.

Analysts set new price targets

Several stock analysts have recently released reports on TSM shares. Loop Capital began covering shares of Taiwan Semiconductor Manufacturing in a Tuesday, June 21 report. They issued a “buy” rating on the stock. Susquehanna cut its price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a Thursday, July 14 research note. Susquehanna Bancshares cut its price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a Thursday, July 14 research note. Finally, Cowen set a $100.00 price target on Taiwan Semiconductor Manufacturing in a Tuesday, July 19 research note. Four investment analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $0.09 at midday on Friday, hitting $77.89. 10,604,536 shares of the company were traded, against an average volume of 8,709,210. The company’s 50-day simple moving average is $84.82 and its 200-day simple moving average is 91.25 $. The company has a market capitalization of $403.96 billion, a PE ratio of 15.04, a P/E/G ratio of 0.52 and a beta of 0.99. Taiwan Semiconductor Manufacturing has a one-year low of $73.74 and a one-year high of $145.00. The company has a quick ratio of 2.00, a current ratio of 2.25 and a leverage ratio of 0.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its results on Thursday, July 14. The semiconductor company reported earnings per share (EPS) of $1.55 for the quarter, beating the consensus estimate of $1.50 by $0.05. The company posted revenue of $18.16 billion for the quarter, versus analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing recorded a return on equity of 33.56% and a net margin of 40.53%. On average, sell-side analysts expect Taiwan Semiconductor Manufacturing to post earnings per share of 6.24 for the current year.

Taiwan Semiconductor Manufacturing cuts its dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12. Shareholders of record on Friday, December 16 will receive a dividend of $0.458. The ex-dividend date is Thursday, December 15. This represents an annualized dividend of $1.83 and a dividend yield of 2.35%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.22%.

Taiwan Semiconductor Manufacturing Company Profile

(Get an assessment)

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 the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio-frequency, and embedded memory semiconductors.

Featured Articles

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Taiwan Semiconductor Manufacturing, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Taiwan Semiconductor Manufacturing was not on the list.

While Taiwan Semiconductor Manufacturing currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here