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TSM

A comparative study of Taiwan Semiconductor (TSM) and its competitors in the Semiconductors & Semiconductor Equipment industry reveals TSM's strong market position with a 60% share, solid operating margins, and a prestigious customer base including Apple, AMD, and Nvidia. Financial analysis shows TSM's P/E, P/B, and P/S ratios suggest potential undervaluation, with higher ROE, EBITDA, and gross profit indicating strong profitability. However, TSM's revenue growth is significantly lower than the industry average, suggesting a slower expansion rate.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

BAC

Bank of America's (BAC) short interest has increased to 72.08 million shares, or 1.05% of its float, indicating a rise of 6.06% since the last report. This level of short interest suggests a bearish sentiment among investors but is lower than the peer group average of 1.85%. The article highlights the importance of monitoring short interest as it reflects market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

BR

Broadridge Financial Solutions (NYSE:BR) has seen a 35.61% decrease in short interest, now at 871 thousand shares or 0.85% of float, indicating a bullish market sentiment compared to its peers. The peer group average short interest is 4.74%, highlighting BR's lower short interest and potentially less bearish outlook.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

BNBUSD

BNB (CRYPTO: BNB) has seen a 4.3% increase in price over the last 24 hours, reaching $597.86, with a 7.0% increase over the past week from $558.86. The coin's all-time high is $686.31. Trading volume has decreased by 9.0% over the past week, while the circulating supply has slightly increased, bringing the market cap ranking for BNB to #4 at $91.99 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

MFI

Trading for the IPO security was halted but has now resumed as of 11:00:00 AM ET, allowing for quotations to be made.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:00 pm

WETH

Wetouch Technology shares are trading higher following the company's issuance of its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:59 pm

MLI

Mueller Industries Inc (NYSE:MLI) is set to acquire Nehring Electrical Works Company for approximately $600 million, aiming to expand its presence in the electrical and power infrastructure sector. Nehring, known for its wire and cable solutions, reported $400 million in net sales for the year ended December 31, 2023. The acquisition, funded by cash on hand, is expected to close in Q2 2024 and be accretive to Mueller's 2024 financial results. Mueller's cash reserves post-acquisition will still support further growth opportunities.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 2:59 pm

PFS

Provident Financial's stock (PFS) trades higher following an upgrade from DA Davidson, moving from Neutral to Buy, with a new price target set at $20.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:57 pm

YYGH

YY Group's shares have resumed trading, indicating a return to market activity for the company.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:57 pm

NGVT

Ingevity's stock price increased following an upgrade by Jefferies from Hold to Buy, with a new price target set at $62, up from $52.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:57 pm