Taiwan Semiconductor Manufacturing Target of Unusually High Options Trading (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) saw some unusual options trading on Tuesday. Stock investors bought 218,872 call options on the stock. This represents an increase of 65% compared to the typical volume of 133,014 call options.

Taiwan Semiconductor Manufacturing Trading Up 2.3 %

NYSE TSM opened at $198.89 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 31.87, a PEG ratio of 0.90 and a beta of 1.09. The business has a fifty day simple moving average of $189.90 and a 200 day simple moving average of $175.95. Taiwan Semiconductor Manufacturing has a 12 month low of $95.25 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.10%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. raised its stake in shares of Taiwan Semiconductor Manufacturing by 10.4% during the 2nd quarter. Mather Group LLC. now owns 5,466 shares of the semiconductor company’s stock worth $950,000 after purchasing an additional 514 shares during the period. Fulton Bank N.A. raised its position in Taiwan Semiconductor Manufacturing by 55.8% in the second quarter. Fulton Bank N.A. now owns 4,591 shares of the semiconductor company’s stock worth $798,000 after acquiring an additional 1,644 shares during the period. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Kingswood Wealth Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 141.4% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,409 shares of the semiconductor company’s stock valued at $1,635,000 after acquiring an additional 5,511 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 29.9% during the 2nd quarter. Park Avenue Securities LLC now owns 53,556 shares of the semiconductor company’s stock worth $9,309,000 after purchasing an additional 12,314 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research analyst reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, 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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.