5 Best Most Active Stocks to Buy According to Hedge Funds

In this article, we will take a look at the 5 Best Most Active Stocks to Buy According to Hedge Funds. For a deeper discussion and an expanded list, please see 10 Best Most Active Stocks to Buy According to Hedge Funds.

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

Number of Hedge Fund Holders: 234

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best most active stocks to buy according to hedge funds. Bernstein SocGen Group increased its price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to $430 from $351 on May 18, while upholding an Outperform rating on the company stock. The firm anticipates the company’s earnings per share to expand at a compound annual rate of 28% over the coming two-and-a-half years.

Bernstein stated that it sees little evidence that competitors like Intel are closing the technological or price gap with Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The firm believes that any prospective manufacturing by Apple at Intel would be restricted to smaller products and would not diminish Taiwan Semi’s revenue, given the company’s sales are limited by capacity.

Meanwhile, Bank of America reaffirmed its Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) following the company’s technology conference in Taiwan. The firm feels that “recent concerns are overdone” as TSMC’s scalability and technological edge in advanced nodes continue to expand its lead against competitors.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.