5 Best Semiconductor Stocks to Invest In According to Noam Gottesman’s GLG Partners

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

GLG’s Stake Value: $499 million

Percentage of GLG’s 13F Portfolio: 1.6%

Number of Hedge Fund Holders: 75

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a contract chip manufacturer based out of Taiwan. The company manufactures chips for other companies, such as the Cupertino, California consumer electronics giant Apple, Inc. (NASDAQ:AAPL) and Advanced Micro Devices, Inc. (NASDAQ:AMD).

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned $15.7 billion in revenue and $1.15 in GAAP EPS for its fourth fiscal quarter, surpassing Wall Street analyst expectations and beating them for both. The company is currently developing its latest 3-nanometer (nm) chip manufacturing technology, and it expects to start 3nm production later this year, placing it at the forefront of the chip fabrication industry.

GLG had owned 4.1 million Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares during Q4 2021, which translated into a $499 million stake representing 1.6% of its portfolio. An Insider Monkey poll during the same time period revealed that 75 out of 924 funds had also owned the company’s shares.

Ken Fisher’s Fisher Asset Management is the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor through a $3.1 billion stake by owning 25.9 million shares.

L1 Capital mentioned the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its third quarter 2021 investor letter, as it outlined that:

“Even though they are not majority State owned and we would expect many of China’s technology champions to continue to grow strongly, outcomes for shareholders may be unsatisfactory… The Fund has retained its investment in Taiwan Semiconductor Manufacturing Company (TSMC) which is well placed to maintain its global leadership in semiconductor manufacturing. Due to geopolitical risks, we limit the position size of TSMC in the Fund.”

Disclosure: None. You can also take a peek at the 10 Dividend Stocks with Over 10% Yield and Cryptocurrencies After Russia-Ukraine War: Top 10 Gainers.

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