Traders Purchase Large Volume of Taiwan Semiconductor Mfg. Put Options (TSM)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 16,377 put options on the company. This is an increase of approximately 1,334% compared to the typical daily volume of 1,142 put options.

Several hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 36,229,503 shares of the semiconductor company’s stock valued at $1,337,231,000 after purchasing an additional 1,087,513 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 6.1% during the 1st quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock valued at $1,625,456,000 after purchasing an additional 2,078,500 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 0.7% during the 1st quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock valued at $1,016,291,000 after purchasing an additional 171,725 shares during the last quarter. FMR LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 17.0% during the 1st quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock valued at $756,013,000 after purchasing an additional 2,687,148 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Taiwan Semiconductor Mfg. by 70.5% during the 4th quarter. Bank of America Corp DE now owns 17,415,209 shares of the semiconductor company’s stock valued at $642,796,000 after purchasing an additional 7,203,838 shares during the last quarter. 20.01% of the stock is currently owned by institutional investors.

TSM stock opened at $38.07 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.38 and a current ratio of 2.62. Taiwan Semiconductor Mfg. has a 52 week low of $34.22 and a 52 week high of $45.64. The firm has a market cap of $201.74 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.39 and a beta of 0.98.

A number of brokerages have recently commented on TSM. ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating and set a $46.00 price target on the stock in a report on Tuesday, May 14th. Finally, Goldman Sachs Group began coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.00.

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Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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