Taiwan Semiconductor's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among big money traders on Taiwan Semiconductor (NYSE:TSM), with 65% showing bearish tendencies in recent options trades. Despite this, the company's stock price is up by 2.47%, reaching $146.31. Analysts from Bernstein, Susquehanna, and Barclays have issued positive ratings with target prices ranging from $145 to $180. The company, a leading chip foundry with a 60% market share, is approaching its next earnings report in 9 days.
April 09, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bearish options sentiment contrasts with positive analyst ratings and recent stock price increase. Earnings report due soon.
The bearish sentiment in options trading could indicate a cautious outlook among some investors, despite the stock's recent price increase and positive analyst ratings. The upcoming earnings report is a critical event that could influence the stock's short-term direction, making the current sentiment mixed.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100