5 Semiconductor Stocks to Buy Today According to Israel Englander’s Millennium Management

In this piece, we will take a look at the five semiconductor stocks to buy today according to Israel Englander’s Millennium Management. For more stocks and background on the investment firm, head on to 10 Semiconductor Stocks to Buy Today According to Israel Englander’s Millennium Management.

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

Millennium Management’s Stake Value: $96 million

Percentage of Millennium Management’s 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 75

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer which is responsible for servicing the chip needs of some of the world’s largest technology companies. It offers its customers the latest chip manufacturing technologies that are backed by its patented intellectual property.

Millennium Management owned a $96 million stake in the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by the end of the fourth quarter of last year. This was through it owning 802,349 shares and it represented 0.04% of the multi billion dollar portfolio. During the same time period, 75 of the 924 hedge funds polled by Insider Monkey also held a stake in the company.

By the end of its fiscal Q4, the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned $15.7 billion in revenue and $1.15 in GAAP EPS, in a strong set of results that saw it beat analyst estimates for both. The company is currently expanding its chip production all over the globe by building new plants in the United States, European Union, and Japan.

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor is Ken Fisher’s Fisher Asset Management. It owns a massive $3.1 billion stake via 25.9 million shares.

L1 Capital mentioned the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its third quarter 2021 investor letter. Here is what the fund said:

“Even though they are not majority State owned and we would expect many of China’s technology champions to continue to grow strongly, outcomes for shareholders may be unsatisfactory… The Fund has retained its investment in Taiwan Semiconductor Manufacturing Company (TSMC) which is well placed to maintain its global leadership in semiconductor manufacturing. Due to geopolitical risks, we limit the position size of TSMC in the Fund.”