Trace Wealth Advisors LLC has opened a new position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM), acquiring 1,625 shares valued at approximately $454,000 in the third quarter. This comes as TSMC reported strong quarterly results with substantial EPS and revenue, maintaining a healthy net margin and increasing its quarterly dividend. The company also has significant near-term catalysts, including a planned $17 billion investment in Japan for 3nm chip production and bullish analyst coverage, leading to a consensus “Buy” rating and a price target of $381.67.
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Trace Wealth Advisors LLC Takes $454,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM
Trace Wealth Advisors LLC has opened a new position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM), acquiring 1,625 shares valued at approximately $454,000 in the third quarter. This comes as TSMC reported strong quarterly results with substantial EPS and revenue, maintaining a healthy net margin and increasing its quarterly dividend. The company also has significant near-term catalysts, including a planned $17 billion investment in Japan for 3nm chip production and bullish analyst coverage, leading to a consensus “Buy” rating and a price target of $381.67.