Taiwan Semiconductor's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bullish sentiment among big money traders on Taiwan Semiconductor (NYSE:TSM), with a significant focus on options trading. Analysis of 31 unusual trades shows a lean towards bullish positions, with a price target range of $80.0 to $140.0. The company, a leading chip foundry with a major market share, is currently trading up by 0.96% at $137.89. Professional analysts have set an average target price of $162.2, indicating a positive outlook for TSM.
April 26, 2024 | 4:00 pm
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POSITIVE IMPACT
Taiwan Semiconductor shows bullish sentiment from options trading and positive analyst ratings, with a current trading price of $137.89 and a target of $162.2.
The bullish sentiment in options trading, combined with positive analyst ratings and a significant market share in the chip foundry sector, suggests a potential short-term price increase for TSM. The current trading volume and price movement further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100