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Best Semiconductor Stocks to Buy Now (2024)
Top semiconductor stocks in 2024 ranked by overall Zen Score. See the best semiconductor stocks to buy now, according to analyst forecasts for the semiconductors industry.

Industry: Semiconductors
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
RMBS
RAMBUS INC
NASDAQ
Semiconductors
$6.25B$57.970.05%$266.09M17.30x0.22
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$15.02B$93.62-0.50%$1.47B17.47x0.31
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$106.16B$214.08-0.02%$5.56B38.02x0.36
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$216.35B$193.860.31%$11.06B25.81x1.17
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$4.07B$36.71-0.70%$778.20M8.25x0.21
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$265.84B$164.471.14%$4.17B238.36x0.21
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$31.48B$73.170.23%$3.21B14.46x0.66
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$646.61B$1,395.29-1.19%$19.94B50.17x1.53
ALGM
ALLEGRO MICROSYSTEMS INC
NASDAQ
Semiconductors
$5.73B$29.65-0.34%$315.07M25.78x0.38
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$68.45B$267.72-0.70%$4.72B24.45x1.61
NVDA
NVIDIA CORP
NASDAQ
Semiconductors
$2.31T$924.79-1.99%$35.58B76.75x0.53
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.59B$77.390.10%$82.86M48.37x0.37
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$10.04B$72.961.93%$212.75M45.89x0.20
MCHP
MICROCHIP TECHNOLOGY INC
NASDAQ
Semiconductors
$50.97B$94.330.10%$4.06B21.74x1.28
FORM
FORMFACTOR INC
NASDAQ
Semiconductors
$4.30B$55.712.15%$155.72M41.89x0.21
CRUS
CIRRUS LOGIC INC
NASDAQ
Semiconductors
$5.93B$110.02-1.96%$301.73M33.54x0.23
VSH
VISHAY INTERTECHNOLOGY INC
NYSE
Semiconductors
$3.28B$23.930.50%$570.19M13.67x0.95
TXN
TEXAS INSTRUMENTS INC
NASDAQ
Semiconductors
$177.56B$195.020.03%$8.49B30.14x1.05
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$35.53B$730.050.27%$519.73M85.29x0.22
GFS
GLOBALFOUNDRIES INC
NASDAQ
Semiconductors
$29.97B$53.95-0.42%$2.59B33.30x0.64
MRAM
EVERSPIN TECHNOLOGIES INC
NASDAQ
Semiconductors
$132.79M$6.17-0.64%$9.34M15.43x0.19
NVTS
NAVITAS SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$699.45M$3.82-2.30%-$64.22M-7.49x0.18
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$786.68B$151.68-0.36%$49.74B28.98x0.58
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
NASDAQ
Semiconductors
$7.27B$100.85-0.74%$148.85M112.06x0.60
DIOD
DIODES INC
NASDAQ
Semiconductors
$3.38B$73.271.19%$346.90M19.80x0.30
VLN
VALENS SEMICONDUCTOR LTD
NYSE
Semiconductors
$264.28M$2.540.40%-$26.06M-10.58x0.08
NVEC
NVE CORP
NASDAQ
Semiconductors
$373.11M$77.190.43%$20.78M21.81x0.02
HIMX
HIMAX TECHNOLOGIES INC
NASDAQ
Semiconductors
$1.17B$6.670.30%$66.28MN/A0.88
POWI
POWER INTEGRATIONS INC
NASDAQ
Semiconductors
$4.36B$76.79-1.12%$79.54M83.47x0.09
ARM
ARM HOLDINGS PLC
NASDAQ
Semiconductors
$114.80B$110.35-3.43%$409.00M367.83x0.50
INTC
INTEL CORP
NASDAQ
Semiconductors
$135.50B$31.83-0.62%$10.42B33.16x0.77
IMOS
CHIPMOS TECHNOLOGIES INC
NASDAQ
Semiconductors
$970.87M$26.700.26%$235.78M15.28x0.86
STM
STMICROELECTRONICS NV
NYSE
Semiconductors
$37.59B$41.64-0.69%$5.56B10.23x0.46
SITM
SITIME CORP
NASDAQ
Semiconductors
$2.92B$127.54-0.41%-$74.75M-30.88x0.35
QUIK
QUICKLOGIC CORP
NASDAQ
Semiconductors
$172.22M$11.94-1.32%$4.14M149.25x1.33
CEVA
CEVA INC
NASDAQ
Semiconductors
$475.42M$20.160.00%$2.49M-38.04x0.15
SLAB
SILICON LABORATORIES INC
NASDAQ
Semiconductors
$4.16B$130.190.00%-$74.69M-39.57x0.15
SKYT
SKYWATER TECHNOLOGY INC
NASDAQ
Semiconductors
$410.52M$8.676.91%$4.70M-12.39x4.93
MX
MAGNACHIP SEMICONDUCTOR CORP
NYSE
Semiconductors
$192.87M$5.04-1.56%-$24.07M-6.46x0.32
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$781.55M$27.23-0.07%$44.78M-85.09x0.30
LAES
SEALSQ CORP
NASDAQ
Semiconductors
$19.45M$1.134.06%-$1.78M-5.38x4.55
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$20.50B$8.181.36%N/AN/A0.50
PXLW
PIXELWORKS INC
NASDAQ
Semiconductors
$65.32M$1.13-8.13%-$17.10M-2.90x3.26
WKEY
WISEKEY INTERNATIONAL HOLDING SA
NASDAQ
Semiconductors
$17.58M$1.935.46%-$13.88M-7.57x1.00
PRSO
PERASO INC
NASDAQ
Semiconductors
$3.71M$1.38-1.43%-$11.61M-0.06x0.72
GSIT
GSI TECHNOLOGY INC
NASDAQ
Semiconductors
$74.37M$2.94-2.97%-$17.82M-3.72x0.24
WOLF
WOLFSPEED INC
NYSE
Semiconductors
$3.21B$25.531.39%-$620.20M-3.99x6.53
MU
MICRON TECHNOLOGY INC
NASDAQ
Semiconductors
$138.74B$125.29-2.03%$4.06B-36.42x0.50
QRVO
QORVO INC
NASDAQ
Semiconductors
$9.50B$98.43-1.09%$237.63M-47.32x0.84
MXL
MAXLINEAR INC
NASDAQ
Semiconductors
$1.62B$19.450.05%-$83.06M-10.24x0.62
AIP
ARTERIS INC
NASDAQ
Semiconductors
$313.22M$8.140.00%-$31.86M-7.98x9.62
ASX
ASE TECHNOLOGY HOLDING CO LTD
NYSE
Semiconductors
$9.24B$10.520.19%N/A9.33x1.27
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$1.06B$20.241.96%-$141.58M-5.10x2.73
LASR
NLIGHT INC
NASDAQ
Semiconductors
$626.91M$13.180.46%-$32.56M-12.92x0.24
ICG
INTCHAINS GROUP LTD
NASDAQ
Semiconductors
$483.16M$8.06-3.82%N/A-10.61x0.02
EMKR
EMCORE CORP
NASDAQ
Semiconductors
$8.76M$1.060.00%-$60.89M-0.10x0.80
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$2.58B$39.950.28%-$861.25M-2.35x-5.47
SQNS
SEQUANS COMMUNICATIONS
NYSE
Semiconductors
$32.01M$0.524.00%-$14.97M-0.72x-18.98
MRVL
MARVELL TECHNOLOGY INC
NASDAQ
Semiconductors
$62.28B$71.92-1.59%$830.00M-66.59x0.43
ALAB
ASTERA LABS INC
NASDAQ
Semiconductors
$11.29B$72.50-0.68%N/AN/A0.07
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$3.73B$94.481.79%$41.90M-34.99x1.06
POET
POET TECHNOLOGIES INC
NASDAQ
Semiconductors
$106.49M$2.21-2.64%-$18.64M-4.42x0.65
NA
NANO LABS LTD
NASDAQ
Semiconductors
$40.16M$0.613.39%-$243.59M-0.14x-24.88
LEDS
SEMILEDS CORP
NASDAQ
Semiconductors
$10.98M$1.53-1.29%-$1.82M-2.73x2.93
GCTS
GCT SEMICONDUCTOR HOLDING INC
NYSE
Semiconductors
$243.68M$5.31-0.38%-$13.29M-26.55x-1.57
WISA
WISA TECHNOLOGIES INC
NASDAQ
Semiconductors
$5.45M$3.26-2.10%-$17.69M-0.01x-1.89
MOBX
MOBIX LABS INC
NASDAQ
Semiconductors
$67.97M$2.50-7.75%-$33.39M-1.06x6.10

Semiconductor Stocks FAQ

What are the best semiconductor stocks to buy right now in May 2024?

According to Zen Score, the 3 best semiconductor stocks to buy right now are:

1. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the top semiconductor stock with a Zen Score of 69, which is 39 points higher than the semiconductor industry average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 8.25% over the past year, underperforming other semiconductor stocks by -37 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.88% from Rambus's current stock price of $57.97.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Rambus, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Skyworks Solutions (NASDAQ:SWKS)


Skyworks Solutions (NASDAQ:SWKS) is the second best semiconductor stock with a Zen Score of 57, which is 27 points higher than the semiconductor industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Skyworks Solutions has seen its stock lose -5.52% over the past year, underperforming other semiconductor stocks by -51 percentage points.

Skyworks Solutions has an average 1 year price target of $105.46, an upside of 12.64% from Skyworks Solutions's current stock price of $93.62.

Skyworks Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Skyworks Solutions, 36.36% have issued a Strong Buy rating, 0% have issued a Buy, 54.55% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

3. Analog Devices (NASDAQ:ADI)


Analog Devices (NASDAQ:ADI) is the third best semiconductor stock with a Zen Score of 55, which is 25 points higher than the semiconductor industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Analog Devices has seen its stock return 13.9% over the past year, underperforming other semiconductor stocks by -31 percentage points.

Analog Devices has an average 1 year price target of $219.83, an upside of 2.69% from Analog Devices's current stock price of $214.08.

Analog Devices stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Analog Devices, 58.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the semiconductor stocks with highest dividends?

Out of 21 semiconductor stocks that have issued dividends in the past year, the 3 semiconductor stocks with the highest dividend yields are:

1. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 145.08%, which is 136 percentage points higher than the semiconductor industry average of 9.16%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 7.2%, which is -2 percentage points lower than the semiconductor industry average of 9.16%. Himax Technologies's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Himax Technologies's dividend has shown consistent growth over the last 10 years.

3. United Microelectronics (NYSE:UMC)


United Microelectronics (NYSE:UMC) has an annual dividend yield of 7.16%, which is -2 percentage points lower than the semiconductor industry average of 9.16%. United Microelectronics's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. United Microelectronics's dividend has shown consistent growth over the last 10 years.

Why are semiconductor stocks down?

Semiconductor stocks were down -0.64% in the last day, and up 3.62% over the last week.

We couldn't find a catalyst for why semiconductor stocks are down.

What are the most undervalued semiconductor stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued semiconductor stocks right now are:

1. Skyworks Solutions (NASDAQ:SWKS)


Skyworks Solutions (NASDAQ:SWKS) is the most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Skyworks Solutions has a valuation score of 100, which is 74 points higher than the semiconductor industry average of 26. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -5.52% in the past year. It has underperformed other stocks in the semiconductor industry by -51 percentage points.

2. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Rambus has a valuation score of 86, which is 60 points higher than the semiconductor industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Rambus's stock has gained 8.25% in the past year. It has underperformed other stocks in the semiconductor industry by -37 percentage points.

3. Analog Devices (NASDAQ:ADI)


Analog Devices (NASDAQ:ADI) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Analog Devices has a valuation score of 71, which is 45 points higher than the semiconductor industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Analog Devices's stock has gained 13.9% in the past year. It has underperformed other stocks in the semiconductor industry by -31 percentage points.

Are semiconductor stocks a good buy now?

54.9% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 9.82% over the next year.

What is the average p/e ratio of the semiconductors industry?

The average P/E ratio of the semiconductors industry is 66.74x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.