5 Technology Stocks To Buy That Are Too Cheap To Ignore

1. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

Number of Hedge Fund Investors in Q2 2023: 121

Trailing P/E Ratio: 15.98

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the biggest contract chip manufacturing firm in the world. Despite its heft, the firm’s shares are rated Strong Buy on average and analysts have set an average share price target of $111.

121 out of the 910 hedge funds part of Insider Monkey’s database were Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shareholders as of Q2 2023 end. Out of these, the largest shareholder is Ken Fisher’s Fisher Asset Management as it owns 29.5 million shares that are worth $2.9 billion.

Disclosure: None. You can also take a look at 16 Best Growth Stocks To Buy According To Hedge Funds and 15 Stocks Dumb Money’s Steve Cohen Is Betting On Now.

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