To fuel new technological advances and meet the current supply imbalance, we see significantly increased capital spending across the industry over the coming years. Similar to last quarter, the supply-demand imbalance in semiconductor chips continues to benefit TSMC. TSMC’s shares appreciated 8.9% during the quarter. “Taiwan Semiconductor is the world’s largest outsourced foundry of logic semiconductor chips. In its Q1 2021 investor letter, Bonsai Partners, an asset management firm, highlighted a few stocks and Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) was one of them. (NASDAQ:ASML), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks that institutional investors are buying. Just like NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. The stock has rallied since reports indicated that Apple had selected the company for the manufacture of Apple-designed 5G modems in new iPhones.Ĭowen analyst Krish Sankar recently initiated coverage of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stock with a Market Perform rating and a price target of $120, noting that the demand for the products of the firm may be peaking.Īt the end of the third quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $9.5 billion in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), up from 64 in the preceding quarter worth $10 billion. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) markets integrated circuits and semiconductors. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) Photo by Redd on Unsplash Semiconductor Stocks that Doubled in 2021 10. In September alone, nearly $50 billion worth of chip sales were made. The body estimates that between June and September this year, global sales of semiconductors stood at close to $145 billion, up over 27% year-on-year and close to 7.4% quarter-over-quarter. These chips are a critical component of the modern-day defense technologies as well.Īccording to a report by the Semiconductor Industry Association, a trade association based in Washington, more chips were shipped to customers in the third quarter of 2021 than in any other quarter since records started being kept. The situation has forced United States President Joe Biden to incentivize chip manufacturing in the country in a bid to decrease American reliance on Chinese chipmakers.
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Semiconductor companies have witnessed a dramatic increase in revenue this year as a chip shortage, due to supply chain pressures and surging demand, hits major industries like consumer electronics, auto manufacturing, and even the software universe, fueling an unprecedented hike in chip prices. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Performing Semiconductor Stocks of 2021. In this article, we discuss the 10 best performing semiconductor stocks of 2021.
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