5 Cheap Beginner Stocks to Buy

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

PE Ratio (TTM) as of March 28: 14.41

Number of Hedge Fund Holders: 86

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best cheap beginner stocks to buy now and is trading at a TTM PE ratio of 14.41, as of March 28.

This January, Morgan Stanley analyst Charlie Chan reiterated his NT$700 price target and an Overweight rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The analyst also named the stock as his “Catalyst Driven Idea”.

86 hedge funds disclosed having stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the close of Q4 2022. The total value of these stakes amounted to $10.2 billion. As of December 31, Lone Pine Capital is the leading stockholder in the company and has a position 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.”