Traders Buy High Volume of Taiwan Semiconductor Mfg. Call Options (TSM)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was the target of some unusual options trading on Thursday. Stock traders acquired 9,036 call options on the stock. This is an increase of 1,235% compared to the average volume of 677 call options.

Shares of Taiwan Semiconductor Mfg. (TSM) opened at $44.67 on Friday. The company has a market capitalization of $218,610.00, a PE ratio of 19.94, a P/E/G ratio of 1.21 and a beta of 0.74. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. has a twelve month low of $29.57 and a twelve month high of $45.54.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, October 19th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 24.48% and a net margin of 35.71%. research analysts predict that Taiwan Semiconductor Mfg. will post 2.2 earnings per share for the current year.

Several research firms have recently weighed in on TSM. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, January 11th. Daiwa Capital Markets lowered Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. HSBC raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.50.

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $113,000. AGF Investments Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 63.8% during the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 1,416 shares during the period. Hexavest Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 124.8% during the 4th quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,644 shares during the period. Conning Inc. purchased a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 19.43% of the company’s stock.

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About Taiwan Semiconductor Mfg.

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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