Taiwan Semiconductor Mfg. Co. Ltd. Target of Unusually High Options Trading (TSM)
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) saw some unusual options trading activity on Wednesday. Traders acquired 1,640 put options on the stock, Stock Ratings News reports. This represents an increase of approximately 215% compared to the typical volume of 521 put options.
Separately, analysts at HSBC downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 22nd.
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded down 0.80% during mid-day trading on Wednesday, hitting $21.13. 7,507,570 shares of the company’s stock traded hands. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $15.70 and a 52 week high of $21.40. The stock’s 50-day moving average is $20.55 and its 200-day moving average is $18.71. The company has a market cap of $109.6 billion and a P/E ratio of 17.18.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post $1.47 earnings per share 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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