5 Best International Stocks to Invest In

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

Number of Hedge Fund Holders: 81

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) 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. The company is a pioneer and leader in its industry and recently announced that it is developing InFO_3D technology for processing mobile device chips. As chips become slimmer and lighter, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is ahead of its competition to enhance its 3DFabric portfolio and remain customers’ go-to semiconductor solutions company.

On June 21, Loop Capital analyst Charles Park initiated coverage of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a Buy rating and a NT$600 price target. Park is bullish on the company because of its industry-leading position and expects it to drive growth from emerging technologies such as 5G, IoT, AI, and Cloud. On July 12, Citi analyst Roland Shu reiterated his Buy rating and NT$570 price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Shu is bullish on the Taiwanese semiconductor company because of its position in the high-performance computing market.

As of March 31, Fisher Asset Management owns more than 26.18 million shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) which amounts to a stake of $2.73 billion. Fisher Asset Management is the most prominent shareholder in the company.

At the end of Q1 2022, 81 hedge funds were bullish on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and held stakes worth $10.15 billion in the company. This is compared to 72 positions in Q4 2021 with stakes worth $10.99 billion.

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