Is Taiwan Semiconductor Manufacturing Co. (TSM) A Smart Long-Term Buy?

 



Wedgewood Partners, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 11.8% was recorded by the fund for the first half of 2021, outperforming the S&P 500 that delivered an 8.6% return for the same period, but slightly below the 11.9% gain of Russell 1000 Growth Index. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.

 

In the Q2 2021 investor letter of Wedgewood Partners, the fund mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), and discussed its stance on the firm. Taiwan Semiconductor Manufacturing Company Limited is a Hsinchu, Taiwan-based semiconductor manufacturing company, that currently has a $600.2 billion market capitalization. TSM delivered a 6.14% return since the beginning of the year, extending its 12-month revenues to 74.31%. The stock closed at $115.74 per share on July 16, 2021.

 

 

Here is what Wedgewood Partners has to say about Taiwan Semiconductor Manufacturing Company Limited in its Q2 2021 investor letter:

 

Continue reading …

 

 

Comments