5 Semiconductor Stocks To Watch Amid Russia-Ukraine War

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

Number of Hedge Fund Holders: 75

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. It is a company that manufactures semiconductors for other firms based on their designs. The company has grown in prominence lately as it has been able to challenge U.S. chip giant Intel Corporation (NASDAQ:INTC) in manufacturing technologies.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned $15.74 billion in revenue and $1.15 in GAAP EPS in its fourth fiscal quarter, beating analyst estimates for EPS. Morgan Stanley upgraded the company’s shares to Overweight in February this year, outlining that the long term future is positive for the company despite worries of a looming correction in the chip industry. An Insider Monkey survey of 924 funds in the fourth quarter of last year revealed that 75 had owned the company’s shares.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor is Ken Fisher’s Fisher Asset Management according to Insider Monkey’s research. The firm owns 25.9 million shares that are worth $3 billion.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was mentioned by L1 Capital 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.”