5 Cheap Semiconductor Stocks To Buy Now

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

PE Ratio as of January 3: 13.36

Number of Hedge Fund Holders: 87

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is one of the world‘s leading integrated circuit foundries, with a strong competitive advantage in technology, capacity, and scale. With a strong research and development team and state–of–the–art fabrication processes, the company has a significant edge over its competitors in producing advanced semiconductor chips. Taiwan Semiconductor Manufacturing Company (NYSE:TSM) was held by 87 hedge funds at the end of the third quarter of 2022. The total stakes of these hedge funds amounted to $13.23 billion.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is offering investors an opportunity to rack up shares into weakness. As of January 3, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) has a PE ratio of 13.36. The stock is placed high on our list of the best cheap semiconductor stocks to buy now.

On November 18, Erste Group analyst Hans Engel upgraded Taiwan Semiconductor Manufacturing Company (NYSE:TSM) to Buy from Hold.

As of September 30, Warren Buffett’s Berkshire Hathaway is the dominant investor in Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and has disclosed a position worth $4.17 billion in the company.

Here is what Ron Baron’s 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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