5 Undervalued Chip Stocks To Buy Today

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

Number of Recent Mentions: 7

Number of Hedge Fund Holders: 87

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a multinational semiconductor foundry based in Hsinchu, Taiwan. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) provides a range of services to customers in a variety of markets, including consumer electronics, automotive, healthcare, and telecommunications. The company’s advanced manufacturing processes and state-of-the-art facilities allow it to produce high-quality semiconductor products with excellent performance and reliability.

On October 13, 2022, Bruce Lu, an analyst at Goldman Sachs, reduced his price target to $89 while keeping a Buy rating on the stock. According to the analyst, the company has reduced its 2022 CAPEX guidance to $36 billion and sounds conservative going forward in 2023.

At the end of Q3 2022, 87 hedge funds in Insider Monkey’s database were long Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Berkshire Hathaway remained the leading stakeholder of the company at the end of Q3 2022.

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