Stock Traders Buy High Volume of Call Options on Taiwan Semiconductor Manufacturing (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) was the target of unusually large options trading activity on Monday. Traders bought 87,881 call options on the stock. This represents an increase of 25% compared to the typical daily volume of 70,350 call options.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of TSM. Nemes Rush Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $26,000. Baystate Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1,333.3% in the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after buying an additional 240 shares during the period. Financial Gravity Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $27,000. Finally, Carolinas Wealth Consulting LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after buying an additional 221 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $119.39 on Wednesday. The company’s 50 day moving average is $105.32 and its 200-day moving average is $96.98. The company has a quick ratio of 1.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. Taiwan Semiconductor Manufacturing has a 12-month low of $81.21 and a 12-month high of $120.99. The firm has a market cap of $619.21 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.62 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be paid a $0.5415 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.17 annualized dividend and a yield of 1.81%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $120.75.

Read Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Company Profile

(Get Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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