Unique Wealth Strategies LLC Purchases Shares of 13,874 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Unique Wealth Strategies LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 13,874 shares of the semiconductor company’s stock, valued at approximately $1,443,000. Taiwan Semiconductor Manufacturing accounts for approximately 1.0% of Unique Wealth Strategies LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also recently modified their holdings of TSM. Massachusetts Financial Services Co. MA lifted its stake in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after purchasing an additional 666,826 shares during the last quarter. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the period. Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after acquiring an additional 3,381,514 shares during the last quarter. William Blair Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after acquiring an additional 355,609 shares during the last quarter. Finally, Lone Pine Capital LLC increased its stake in Taiwan Semiconductor Manufacturing by 21.7% in the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after purchasing an additional 1,389,785 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

NYSE:TSM traded up $1.72 during trading hours on Friday, reaching $138.30. 9,453,393 shares of the company traded hands, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.16 and a 1 year high of $158.40. The business’s 50-day moving average price is $137.06 and its two-hundred day moving average price is $114.64. The stock has a market capitalization of $717.28 billion, a P/E ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSM. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen upped 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. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Company 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.