5 High Growth Semiconductor Stocks that are Profitable

2. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

Q/Q Sales Growth: 47.9%

Number of Hedge Fund Holders in Q3 2022: 87

The Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is the world’s premier contract chip manufacturing company. It makes chips on the latest processes and serves the needs of some of the world’s biggest chip designers such as Apple and NVIDIA.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM)’s 3-nanometer chip technology is the most advanced in the world right now, and the firm has begun mass production. However, like others, it expects a slowdown to impact revenue growth this year. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 87 had held a stake in the firm.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 24 million shares that are worth $1.8 billion.

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