On Jun 27, 2018 Taiwan Semiconductor Manufacturing Company LTD. (NYSE:TSM) Shorts Increased By 12.77%

June 27, 2018 - By Maria Fierro

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Corporate Logo

It was recorded an increase on Taiwan Semiconductor Manufacturing Company LTD. (NYSE:TSM)’s shares shorted with 12.77%. In June was announced TSM’s total 22.62M shares shorted by FINRA. The 20.06 million previous shares are up with 12.77%. 2 days will cost TSM with 11.57 million average volume to restore its previous position. 0.47% is Taiwan Semiconductor Manufacturing Company LTD. float short.

The stock decreased 0.16% or $0.06 during the last trading session, touching $36.45.Currently Taiwan Semiconductor Manufacturing Company Limited is uptrending after 10.49% change in last June 27, 2017. TSM has also 7.63M shares volume. TSM underperformed by 2.08% the S&P 500.

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan.The firm is valued at $189.78 billion. It makes masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.16.16 is the P/E ratio. The firm is also involved in customer service and technical supporting, marketing and engineering supporting, and investment activities.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Ratings Coverage

A total of 3 analysts rate Taiwan Semiconductor (NYSE:TSM) as follows: 2 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 67% are bullish. The firm has $39.0 highest and $3600 lowest target. The avg target $36 is -1.23% below the last ($36.45) price. (NYSE:TSM) has 5 ratings reports on Jun 27, 2018 according to StockzIntelligence. The stock rating was maintained by Susquehanna with “Hold” on Thursday, January 18. On Tuesday, March 13 the stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Hold” rating by Susquehanna. The stock rating was upgraded by HSBC to “Buy” on Tuesday, January 16. On Thursday, April 19 the stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Hold” rating given by Susquehanna. The company rating was upgraded by Goldman Sachs on Monday, January 22.

More recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by Fool.com, Seekingalpha.com and Seekingalpha.com. The first one has “Qualcomm, Inc. to Tap TSMC for 7-Nano Chip Production” as a title and was published on June 25, 2018. The next is “TSMC starts 7nm commercial production” on June 22, 2018. And last was published on June 08, 2018, called “TSMC -2.6% on soft May revenue”.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Analyst Ratings Chart

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