Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Integrity Alliance LLC. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by a whopping 418.6% during the first quarter. According to the latest filing with the SEC, the firm now owns 7,058 shares of the company’s stock, following the purchase of 5,697 shares, worth $1,172,000.
The company’s aggressive reinvestment, solid balance sheet, and leadership in R&D are sending its stock soaring. While the giant’s year-to-date return surpasses the market’s return by 20.85%, the 3-year return delivered by Taiwan Semiconductor Manufacturing Company Limited outperforms the market’s by an impressive 171.55%.
The world’s largest contract chip manufacturer didn’t build its strong portfolio overnight; it’s definitely the outcome of management’s commitment to reinvesting heavily in business, and this is what sets Taiwan Semiconductor Manufacturing Company Limited apart. Just recently, it announced the launch of an AI chip R&D center in Germany, which is home to AI. With that being said, everything adds up to one thing: the company has a clear strategy and is executing it well.
Taiwan Semiconductor Manufacturing Company Limited is a Taiwan-based provider of integrated circuits and other semiconductor devices. Incorporated in 1987, the giant is focused on becoming the most trusted technology company.
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