5 Best ADR Stocks To Buy Now

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

Number of Hedge Fund Holders: 72

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is an information technology company. It manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the U.S., and internationally.

Roland Shu at Citigroup reiterated a ‘Buy’ rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares on July 12.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s EPS was $1.55 in the second quarter, beating estimates by $0.04. The company’s revenue was $17.8 billion, up 33.9% year-over-year and also beating estimates by $327 million. The company’s EPS is expected to grow by 24.2% over the next three-to-five years, and the stock has a one-year dividend growth rate of 4.8%.

In the second quarter, 72 hedge funds held stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), with a total stake value of $9.2 billion. In comparison, 81 hedge funds were long the stock in the previous quarter, with a total stake value of $10.2 billion.

The Mercator International Opportunity fund, an investment management company, mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its second quarter 2022 investor letter. Here’s what the fund said:

“Another example of this buyers’ strike is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)  (1.81%), down 40% from its high and trading at less than 15 times forward earnings. When TSM announced better-than-expected earnings growth of 67% in the second quarter with no slowdown in sight, the stock barely gained a few percentage points. No matter how good the news, buyers are not showing up. Yet.”