Taiwan Semiconductor's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Taiwan Semiconductor (NYSE:TSM) through significant options trading activity, as tracked by Benzinga. The options data reveals a mix of bullish and bearish sentiments, with a notable volume in calls over puts, indicating a targeted price range for TSM between $90.0 and $155.0. The company, a leading chip foundry with a substantial market share, has seen its stock price slightly decline by -1.5% to $141.45. Analysts have recently provided an average price target of $162.0, with ratings ranging from Buy to Overweight.
May 09, 2024 | 2:17 pm
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POSITIVE IMPACT
Taiwan Semiconductor has seen a bullish sentiment from high-rolling investors through options trading, with a price target range of $90-$155. Despite a recent -1.5% dip in stock price to $141.45, analysts maintain a positive outlook with an average price target of $162.
The bullish sentiment in options trading, combined with the analysts' positive outlook and a slight dip in stock price, suggests a potential short-term upside for TSM. The significant options activity, especially the volume in calls, indicates investor confidence in the stock's future performance. Analyst ratings further support this optimism, making it likely that TSM's stock price could see an upward movement in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100