TSM Dark Pool Activity

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$TSM Stock Analysis

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is the world’s largest semiconductor company. TSM is one of the most valuable companies in the world with a market cap of over $600 billion. Semiconductors are crucial to the chip industry, and TSM was one of the pioneers of the industry. In 1987, it created the world’s first dedicated semiconductor foundry. Since then it has secured partnerships with many of the leading chip makers including NVIDIA, AMD, Apple, Broadcom, and Qualcomm, to name a few. 

You could say that TSM actually has a far larger impact on the global economy than most are aware of. Any form of technology, particularly newer forms which need intelligence and automation, need semiconductors. The rollout of 5G has also increased the need, as devices require more chips today, then they did previously. Despite the global chip shortage, TSM just reported record revenues, suggesting that the juggernaut has not been affected as much as companies that sell finished products. 

TSM Trading Activity

With companies as big as TSM, we often don’t see much movement on a day to day basis. Even after a blowout quarter, the stock didn’t waver too much in either direction. Shares are currently trading quite a bit lower than the 52-week high price of $142.20. TSM is currently in what seems to be a bearish downtrend. The stock continues to use the key 50-day moving average as a resistance level, and has been rejected at that point several times. 

TSM is nearing blue-chip status as a stock, and therefore you won’t see many investors or institutions shorting the company. In fact, TSM only has a short percentage of 0.29%, which is extremely low. An estimated 17.82% of the outstanding shares are owned by institutions, and a very small 0.01% of the 5.19 billion shares are owned by insiders. This is similar to a company like Apple (NASDAQ:AAPL), which has 16 billion shares outstanding and only 0.07% owned by its insiders.

Dark Pool Charts

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