15 High Growth Companies Hedge Funds Are Buying

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

Number of Hedge Fund Holders: 186

Average 5-Year Revenue Growth: 20.73%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the biggest semiconductor companies in the world. On May 1, Morgan Stanley maintained an Overweight rating on TSM but trimmed the price target from TWD2,454 to TWD2,330. Morgan Stanley lowered its price target for TSM but kept a bullish stance, calling it a Top Pick. The firm sees strong upside potential, especially as big tech players like Meta and Microsoft bolster AI spending, which could offset worries about weaker demand for TSM’s advanced chip packaging tech.

On March 12, MediaTek and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) partnered to successfully showcase the first working power management unit and integrated power amplifier built using TSM’s advanced N6RF+ chip process. This breakthrough allows both components to be combined into a single chip, helping shrink the size of wireless connectivity devices while boosting power efficiency. The project reflects a year of close collaboration between the two companies. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks 2nd on our list of the best high growth stocks.

According to Insider Monkey’s fourth quarter database, 186 hedge funds were bullish on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), compared to 158 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder of the company, with 28.35 million shares worth $5.6 billion.