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TSM's stock surges as institutional investors increase holdings and earnings beat forecasts.
Taiwan Semiconductor Manufacturing Company (TSM) saw an increase in shares held by several institutional investors, including HighPoint Advisor Group and Franklin Resources Inc. TSM's stock recently opened at $165.82, with a market cap of $860 billion.
The company reported earnings of $2.24 per share, exceeding analysts' expectations.
TSM has increased its quarterly dividend to $0.6855, a 26.4% rise, and analysts predict earnings of $9.2 per share for the year.
The stock has a price-to-earnings ratio of 23.55 and a beta of 1.13.
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Las acciones de TSM aumentan a medida que los inversores institucionales aumentan las tenencias y las ganancias superan las previsiones.