5 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher

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

Fisher Asset Management’s Stake Value: $3.1 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 1.74%

Number of Hedge Fund Holders: 75

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chipmaker. The company has gained fame globally through its strong manufacturing technologies which have allowed consumer electronics giants Apple, Inc (NASDAQ:AAPL) and Advanced Micro Devices, Inc. (NASDAQ:AMD) to push the latest products quickly to the market.

As its fourth fiscal quarter came to an end, the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) raked in $15.74 billion in revenue and $1.15 in GAAP EPS, beating analyst estimates for both during a time the industry is experiencing significant semiconductor shortages. In a note released in February 2022, Morgan Stanley upgraded the company’s share rating to Overweight, stating that the future holds significant demand for the company’s products, despite the worries of a chip correction in the industry.

Mr. Fisher’s investment firm owned 25.9 million Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares in Q4 2021, for a massive $3.1 billion stake. This investment, the second largest in our list, highlights the firm’s interest in chip manufacturers as opposed to sellers, due to limited investment opportunities and future segment growth through government spending.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor after Fisher Asset Management is Rajiv Jain’s GQG Partners. It owns 13.5 million shares worth $1.6 billion. 75 of the 924 hedge funds part of Insider Monkey’s Q4 2021 survey also held a stake in the company.

L1 Capital mentioned the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its third quarter 2021 investor letter. The firm stated 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.”