Taiwan Semiconductor Manufacturing (TSM) Showing Unusual Social Activity Today
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
Taiwan Semiconductor Manufacturing
(
) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Taiwan Semiconductor Manufacturing as such a stock due to the following factors:
- TSM has more that 20x the normal benchmarked social activity for this time of the day compared to its average of 5.42 mentions/day.
- TSM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $207.4 million.
Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.
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More details on TSM:
Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. The stock currently has a dividend yield of 1.6%. TSM has a PE ratio of 20.6. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Taiwan Semiconductor Manufacturing has been 12.3 million shares per day over the past 30 days. Taiwan Semiconductor has a market cap of $126.8 billion and is part of the technology sector and electronics industry. Shares are up 7.6% year-to-date as of the close of trading on Friday.
Analysis:
rates Taiwan Semiconductor Manufacturing as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 10.7%. Since the same quarter one year prior, revenues rose by 34.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 80.00% and other important driving factors, this stock has surged by 33.00% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, TSM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- TAIWAN SEMICONDUCTOR MFG CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TAIWAN SEMICONDUCTOR MFG CO increased its bottom line by earning $1.61 versus $1.18 in the prior year. This year, the market expects an improvement in earnings ($2.03 versus $1.61).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 75.2% when compared to the same quarter one year prior, rising from $1,318.53 million to $2,309.57 million.
- You can view the full Taiwan Semiconductor Manufacturing Ratings Report.
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