Investors Buy High Volume of Put Options on Taiwan Semiconductor Manufacturing (TSM)
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 8,406 put options on the company. This represents an increase of approximately 1,520% compared to the typical daily volume of 519 put options.
Several equities analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Daiwa Capital Markets cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Finally, Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 27th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average price target of $27.00.
Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at $39.50 on Friday. Taiwan Semiconductor Manufacturing has a 52 week low of $28.50 and a 52 week high of $43.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36. The company has a market cap of $199,370.00, a PE ratio of 18.41, a P/E/G ratio of 1.21 and a beta of 0.74.
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Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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