Is Taiwan Semiconductor Manufacturing Company (TSM) a Good Investment Choice?

The Mercator International Opportunity fund, an investment management company, published its second-quarter 2022 investor letter. A copy of the same can be downloaded here. The fund invests mainly in overseas companies that deliver long-term returns. Fund’s Class I Shares returned -29.07% and Class A Shares returned -29.10% in the second quarter. You can check the top 5 holdings of the fund to know its best picks in 2022.

In the letter, The Mercator International Opportunity Fund discussed stocks like Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Headquartered in Hsinchu City, Taiwan, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a manufacturer and distributor of integrated circuits and other semiconductor devices. On August 19, 2022, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stock closed at $87.20 per share. One-month return of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was -14.51%, and its shares lost 42.78% of their value over the last 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a market capitalization of $452.226 billion.

Here’s how The Mercator International Opportunity Fund mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the Q2, 2022 investor letter:

“Another example of this buyers’ strike is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)  (1.81%), down 40% from its high and trading at less than 15 times forward earnings. When TSM announced better-than-expected earnings growth of 67% in the second quarter with no slowdown in sight, the stock barely gained a few percentage points. No matter how good the news, buyers are not showing up. Yet.”

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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is not on the list of 30 Most Popular Stocks Among Hedge Funds. At the end of the first quarter, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was held by 72 hedge funds compared to 81 in the previous quarter.

We discussed Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in another article and shared ClearBridge Investments’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.