Unique Wealth Strategies LLC Invests $1.44 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Unique Wealth Strategies LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,874 shares of the semiconductor company’s stock, valued at approximately $1,443,000. Taiwan Semiconductor Manufacturing makes up 1.0% of Unique Wealth Strategies LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors have also made changes to their positions in the stock. Bank OZK raised its position in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 4th quarter. Bank OZK now owns 14,924 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 557 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $204,000. Russell Investments Group Ltd. raised its position in Taiwan Semiconductor Manufacturing by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 5,892,742 shares of the semiconductor company’s stock valued at $612,988,000 after purchasing an additional 96,661 shares in the last quarter. Fulton Breakefield Broenniman LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 188,833 shares of the semiconductor company’s stock worth $19,639,000 after purchasing an additional 2,136 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 4th quarter. Truist Financial Corp now owns 448,522 shares of the semiconductor company’s stock valued at $46,646,000 after purchasing an additional 4,492 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of NYSE:TSM traded up $1.72 during midday trading on Friday, hitting $138.30. 9,453,393 shares of the stock were exchanged, compared to its average volume of 15,706,765. The business’s 50-day moving average price is $137.06 and its 200 day moving average price is $114.64. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.16 and a 12 month high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The stock has a market capitalization of $717.28 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analysts Set New Price Targets

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.