Taiwan Semiconductor Mfg. Co. Ltd. (ADR) Short Interest Up 5.2% in April (TSM)
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 47,947,949 shares, a growth of 5.2% from the March 31st total of 45,597,595 shares, AnalystRatingsNetwork.com reports. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 12,691,957 shares, the short-interest ratio is presently 3.8 days.
TSM has been the subject of a number of recent research reports. Analysts at HSBC downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Analysts at UBS AG upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) from a “neutral” rating to a “buy” rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) has a consensus rating of “Buy” and an average price target of $18.20.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) opened at 20.51 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $15.70 and a 52-week high of $20.92. The stock has a 50-day moving average of $19.9 and a 200-day moving average of $18.27. The company has a market cap of $106.4 billion and a price-to-earnings ratio of 16.53.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) last released its earnings data on Thursday, April 17th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $148.22 billion for the quarter, compared to the consensus estimate of $147.78 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post $1.48 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Co, Ltd. is principally engaged in the research, development, manufacture and distribution of integrated circuit (NYSE:TSM) related products.
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