Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.
Contract chip manufacturing giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most important companies in the world
It is the only foundry capable of manufacturing high-end chips at scale and with stable yields. As a result, all of the world’s major semiconductor companies are its customers. Over the past year, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares are up by 115%, while year-to-date they are up by 36%.
Bank of America and Bernstein recently discussed the shares. Bernstein raised the share price target to $430 from $351 in late May and kept an Outperform rating on the shares. As part of its coverage, the financial firm remarked that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) could grow its earnings at a compounded annual growth rate of 28% over the next couple of years.