Stock traders buy large volume of put options on semiconductor manufacturing in Taiwan (NYSE:TSM)


Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) saw unusually large options trades on Monday. Investors purchased 66,200 put options on the company. This represents an increase of approximately 27% from the typical daily volume of 52,130 put options.

Institutional investors weigh in on Taiwan’s semiconductor manufacturing

Several hedge funds have recently changed their holdings in TSM. Commonwealth Equity Services LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 178,970 shares of the semiconductor company worth $21,531,000 after purchasing an additional 12,733 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing during Q4 worth approximately $861,000. Yousif Capital Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during Q4 for a value of approximately $8,120,000. Chevy Chase Trust Holdings Inc. increased its stake in Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 5,492 shares of the semiconductor company worth $661,000 after buying 346 additional shares during the period. Finally, NewEdge Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 22.1% in the 4th quarter. NewEdge Wealth LLC now owns 4,579 shares of the semiconductor company worth $551,000 after purchasing an additional 829 shares during the period.

Wall Street analysts predict growth

A number of stock analysts have weighed in on the company recently. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14 research note. Susquehanna lowered its price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a Thursday, July 14 research note. Needham & Company LLC restated a “buy” rating and set a price target of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 research note. Susquehanna Bancshares lowered its price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a Thursday, July 14 research note. Finally, Loop Capital began covering Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21. They set a “buy” rating on the stock. Four research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

Taiwan’s semiconductor manufacturing drops 0.3%

Shares of TSM opened at $86.05 on Wednesday. Taiwan Semiconductor Manufacturing has a 52-week low of $73.74 and a 52-week high of $145.00. The company’s 50-day moving average is $86.36 and its 200-day moving average is $99.55. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt ratio of 0.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released quarterly earnings data on Thursday, July 14. The semiconductor company reported earnings per share of $1.55 for the quarter, beating the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing recorded a return on equity of 34.31% and a net margin of 40.53%. The company posted revenue of $18.16 billion for the quarter, versus a consensus estimate of $18.68 billion. As a group, analysts expect Taiwan Semiconductor Manufacturing to post earnings per share of 6.3 for the current year.

Taiwan’s semiconductor manufacturing boosts dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13. Investors of record on Friday, September 16 will receive a dividend of $0.4625 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $1.85 and a dividend yield of 2.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 28.19%.

About Semiconductor Manufacturing in Taiwan

(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.

See also



Get news and reviews for Taiwan Semiconductor Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.