5 Semiconductor Stocks To Buy Today According To Peter Rathjens, Bruce Clark and John Campbell’s Arrowstreet Capital

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

Arrowstreet Capital’s Stake Value: $1.2 billion

Percentage of Arrowstreet Capital’s 13F Portfolio: 1.47%

Number of Hedge Fund Holders: 75

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese company that has risen to the top of the semiconductor industry in recent years. The company is responsible for providing chips to corporate customers based on their designs, and it does not sell any products to the general consumer.

For its fiscal Q4, the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) had brought in $15.7 billion in revenue and $1.15 in GAAP EPS, beating analyst estimates for both. Investment bank Morgan Stanley upgraded its stock rating to Overweight from Equal Weight in February 2022, as it stated that the negative effects of the current chip correction will be overweighed by positive developments in the future.

Arrowstreet Capital owned more than 10 million Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares during Q4 2021, which let it own a $1.2 billion stake that made up 1.47% of its investment portfolio. An Insider Monkey survey of 924 hedge funds that covered the same time period revealed that 75 had also owned the company’s shares.

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

L1 Capital mentioned the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its third quarter 2021 investor letter. Here is what the fund said:

“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 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 15 Best Warren Buffett Stocks to Buy Now.

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