5 High Growth Semiconductor Stocks that are Profitable

In this piece, we will take a look at the five high growth semiconductor stocks that are profitable. For more semiconductor stocks, head on over to 12 High Growth Semiconductor Stocks that are Profitable.

5. United Microelectronics Corporation (NYSE:UMC)

Q/Q Sales Growth: 34.9%

Number of Hedge Fund Holders in Q3 2022: 17

United Microelectronics Corporation (NYSE:UMC) is a Taiwanese contract semiconductor manufacturer that is based in Hsinchu City. The firm focuses its efforts on making chips through relatively mature and older technologies.

United Microelectronics Corporation (NYSE:UMC) is currently making efforts to combat the slowdown in the semiconductor sector, as reduced demand for chip design companies has caused them to also reduce their orders. On this front, the firm is reportedly offering its customers price discounts if they book more of its manufacturing facilities. As part of their third quarter of 2022 portfolios, 17 of the 920 hedge funds surveyed by Insider Monkey had bought United Microelectronics Corporation (NYSE:UMC)’s shares.

Out of these, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is United Microelectronics Corporation (NYSE:UMC)’s largest investor. It owns 11.4 million shares that are worth $75 million.

4. STMicroelectronics N.V. (NYSE:STM)

Q/Q Sales Growth: 35.20%

Number of Hedge Fund Holders in Q3 2022: 19

STMicroelectronics N.V. (NYSE:STM) is a European semiconductor company that makes and sells products such as amplifiers, power transistors, and integrated circuits. The firm is headquartered in Geneva, Switzerland.

STMicroelectronics N.V. (NYSE:STM) is one of the first companies that has used artificial intelligence to design a working chip according to an announcement that it made in February 2023. 19 of the 920 hedge funds polled by Insider Monkey in Q3 2022 had invested in the firm.

STMicroelectronics N.V. (NYSE:STM)’s largest investor is Steven Cohen’s Point72 Asset Management which owns 24 million shares that are worth $87 million.

3. Analog Devices, Inc. (NASDAQ:ADI)

Q/Q Sales Growth: 38.8%

Number of Hedge Fund Holders in Q3 2022: 66

Analog Devices, Inc. (NASDAQ:ADI) focuses its efforts on designing and selling data conversion products. These chips, called digital signals processors, are used in different gadgets such as smartphones. The company is based in Wilmington, Massachusetts.

Analog Devices, Inc. (NASDAQ:ADI)’s first fiscal quarter earnings, reported in February 2023, saw the firm post a record 21% annual revenue growth and a 42% earnings growth, beating analyst estimates for both. By the end of last year’s September quarter, 66 of the 920 hedge funds surveyed by Insider Monkey had invested in the firm.

Analog Devices, Inc. (NASDAQ:ADI)’s largest investor is David Blood and Al Gore’s Generation Investment Management which owns 5.1 million shares that are worth $838 million.

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.

1. Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Q/Q Sales Growth: 53.10%

Number of Hedge Fund Holders in Q3 2022: 43

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a power management chip products provider. The firm is based in Kirkland, Washington.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) posted $242 million in net income during its calendar and fiscal year 2021, and the firm grew this by a whopping 80% last year as it posted $438 million in profits. 43 of the 920 hedge funds polled by Insider Monkey during last year’s third quarter had invested in the firm.

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s largest investor is Brandon Haley’s Holocene Advisors which owns 478,107 shares that are worth $169 million.

Disclosure: None. You can also take a peek at Top 10 HR Companies in the World and Top 20 Financial Cities in the World.

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