5 Best Falling Stocks to Buy Right Now

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In this article, we outline the 5 best falling stocks to buy right now. If you want to find more stocks and learn the rationale for this list, head on to 10 Best Falling Stocks to Buy Right Now.

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

Number of Hedge Fund Holders: 81

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. The company manufactures chips for major technology firms and its manufacturing technologies are among the most advanced in the world. The company is currently scaling up the production of its 3nm manufacturing technology. It is based in Hsinchu, Taiwan.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) raked in $17 billion in revenue and $1.4 in non-GAAP EPS during its fiscal first quarter, beating analyst estimates for both metrics. Susquehanna kept a $100 share price target on the company in June 2022, as it shared its belief that the firm was on track to meet its Q2 guidance.

Insider Monkey took a look at 912 hedge fund portfolios following 2022’s first quarter, which revealed that 81 held a stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor is Ken Fisher’s Fisher Asset Management. The firm has a $2.7 billion stake through owning 26 million shares.

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