Short Interest in Taiwan Semiconductor Mfg. Co. Ltd. Increases By 13.7% (TSM)
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) were the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 55,714,598 shares, an increase of 13.7% from the July 15th total of 49,008,046 shares, AmericanBankingNews.com reports. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,695,627 shares, the short-interest ratio is presently 3.3 days.
Several analysts have recently commented on the stock. Analysts at Nomura downgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. Separately, analysts at Zacks upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $23.70 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Taiwan Semiconductor Mfg. Co. Ltd. in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.70.
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) opened at 20.53 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $15.70 and a 52 week high of $23.07. The stock has a 50-day moving average of $21. and a 200-day moving average of $19.89. The company has a market cap of $106.5 billion and a P/E ratio of 15.82.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $183.02 billion for the quarter, compared to the consensus estimate of $182.55 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. On average, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post $1.62 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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