5 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds

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

Number of Hedge Funds Having Stakes in the Company as of Q3 2022: 87

PE Ratio as of January 25: 14.27

With a PE ratio of 14.7 as of January 25, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most undervalued blue chip stocks to buy according to hedge funds. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a strong edge over its competitors in chips manufacturing, which is expected to keep Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at a vantage point even during market downturns and recessions. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) recently gained after it posted Q4 results and said it plans to cut expenses in 2023 as semiconductor demand weakens.

In the fourth quarter, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s EPS came in at $1.82, while revenue in the period totaled $19.93 billion. Estimates for these two figures were $1.77 and $20.92 billion, respectively.