Antipodes Partners Ltd Reduces Stake in TSMC

Antipodes Partners Ltd, managed by Jacob Mitchell, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 55,373 shares.

Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock

Recent developments in Taiwan Semiconductor Manufacturing Company Limited (TSMC) show mixed market sentiments and strategic changes. The stock experienced a decline, with shares dropping by $6.92 to $234.71, while options trading indicated a moderately bearish sentiment with a put/call ratio of 0.97. However, a subsequent increase of $4.14 brought shares to $245.74, reflecting a modestly bullish tone with a put/call ratio of 0.64. Implied volatility has fluctuated, suggesting potential short-term volatility. TSMC has faced a security breach leading to legal actions against former employees for potential trade secret leaks. Additionally, ARK Investment Management increased its stake in TSMC by 472,882 shares, and the company appointed Alex Huang as the new Treasurer of its global subsidiary. Analysts maintain a ‘Buy’ rating with a $220 price target, supported by TSMC’s robust financial performance and strategic positioning in advanced technologies.

Spark’s Take on TSM Stock

According to Spark, TipRanks’ AI Analyst, TSM is a Outperform.

TSMC’s strong financial performance and positive earnings call sentiment are the primary drivers of its overall stock score. The company’s robust revenue growth, efficient operations, and strategic positioning in advanced technologies contribute significantly. However, the high valuation and technical indicators suggest caution due to potential short-term volatility.

To see Spark’s full report on TSM stock, click here.

More about Taiwan Semiconductor Manufacturing Company Limited

YTD Price Performance: 17.84%

Average Trading Volume: 11,592,250

Current Market Cap: $1001.2B