5 Cheap Global Stocks to Buy

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

PE Ratio (TTM) as of March 30: 14.36

Number of Hedge Fund Holders: 86

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was spotted on 86 investors’ portfolios at the end of the fourth quarter of 2022. These funds held collective stakes of $10.2 billion in the company.

On March 29, KGI Securities reinstated coverage of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with an Outperform rating and a NT$603 price target. As of March 30, the stock has returned 33.40% to investors over the past 6 months and is trading at a PE multiple of 14x. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is placed high on our list of the best cheap global stocks to buy now.

As of December 31, Lone Pine Capital is the largest investor in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and has a stake worth $774 million.

Here is what Baron Funds had to say about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its third-quarter 2022 investor letter:

“Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) detracted from performance due to the global macroeconomic slowdown and softening demand for consumer electronics. We retain conviction that Taiwan Semi’s technological leadership, pricing power, and exposure to secular growth markets, including high-performance computing, automotive, and IoT, will allow the company to deliver strong revenue growth over the next several years.”

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