5 Most Undervalued Tech Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 87

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most undervalued tech stocks to buy according to hedge funds. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a strong edge over its competitors in the industry. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is expanding its production capacities in the US to focus on N3 technology. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been under pressure amid broader issues in the semiconductor industry. However, analysts believe as the demand of semiconductor products is expected to soar in the long term, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stock will gain due to its fundamental strengths.

Hedge fund sentiment is strong for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). A total of 87 hedge funds tracked by Insider Monkey reported having stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). This was a big spike from 72 funds that had stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the end of the second quarter.

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