Top 5 Technology Stocks to Buy According to Billionaire Cliff Asness

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

AQR Capital Management’s Stake Value: $557,382,000

Percentage of AQR Capital Management’s 13F Portfolio: 1.25%

Number of Hedge Fund Holders: 72

Apart from Intel Corporation (NASDAQ:INTC), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was another company that made it to Insider Monkey’s recently published lists 5 Stocks That Will Benefit from CHIPS Act and 5 Semiconductor Stocks to Buy on the Dip.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the few companies currently facing double quandaries in the form of increasing tensions between China and Taiwan and a slowdown in the semiconductor industry. Yet, despite those concerns, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) stock has fallen only 19% in the last one year and is still up by more than 520% over the past 10 years.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been paying a dividend to its shareholders for many years in a row and, as of August 2022, pays an annual dividend of $1.93 per share, which, based on its current stock price translates to a dividend yield of 2.07%.