10 Best Stocks to Buy According to Billionaire Ken Fisher

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6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Total Number of Shares Owned: 28,407,252

Total Value of Shares Owned: $4,937,464,673

Number of Hedge Fund Investors: 156

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), the world’s largest contract manufacturer of semiconductor chips, powers essential technologies across smartphones and data centers. With plans to expand manufacturing facilities in the U.S. and Japan, TSM is well-positioned to capitalize on shifting geopolitical landscapes and drive future growth.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s dedication to research and development strengthens its competitive edge, while its strong financial position and substantial cash flow enable ongoing investment in expansion and innovation, even amid economic uncertainty.

In Q3 2024, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) posted robust results, achieving an EPS of $1.94, beating estimates by $0.15, and recording revenue of $23.63 billion, surpassing forecasts by $338.35 million. Anticipation builds for TSM’s upcoming Q4 earnings on January 10, 2025, with analysts projecting a normalized EPS of $2.17 and revenue of $26.22 billion.

Over the last 90 days, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has seen four upward EPS revisions, underscoring strong market confidence in its leadership within the semiconductor industry.

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