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Best Semiconductor Stocks to Buy Now (2023)
Top semiconductor stocks in 2023 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
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$2.17B$33.99-3.18%$228.03M14.78x0.85
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$4.92B$124.97-1.86%$545.60M21.15x1.10
MXL
MAXLINEAR INC
NYSE
Semiconductors
$3.20B$40.67-4.43%$264.70M25.42x0.75
DIOD
DIODES INC
NASDAQ
Semiconductors
$4.28B$94.18-2.69%$533.10M13.97x0.65
VSH
VISHAY INTERTECHNOLOGY INC
NYSE
Semiconductors
$3.43B$24.22-1.28%$757.77M8.90x0.91
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$21.42B$456.30-1.45%$502.81M54.26x0.26
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$249.74B$597.620.62%$19.16B21.78x2.23
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$138.81B$86.09-2.80%$5.76B50.94x0.24
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$150.55B$135.02-1.55%$15.69B12.88x1.66
IMOS
CHIPMOS TECHNOLOGIES INC
NASDAQ
Semiconductors
$881.78M$24.25-3.13%$376.34M5.12x0.76
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$912.74M$18.55-4.10%$159.00M17.84x4.11
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$91.07B$178.82-0.71%$5.55B33.80x0.38
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$1.02B$37.19-3.04%$535.45M2.19x0.48
FORM
FORMFACTOR INC
NASDAQ
Semiconductors
$2.30B$29.84-3.62%$150.95M25.72x0.27
ASX
ASE TECHNOLOGY HOLDING CO LTD
NYSE
Semiconductors
$6.57B$7.53-2.52%N/A2.69x1.50
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$34.98B$80.89-0.61%$2.72B20.32x0.96
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$18.01B$112.48-2.84%$2.21B14.33x0.62
AMKR
AMKOR TECHNOLOGY INC
NASDAQ
Semiconductors
$7.41B$30.25-2.74%$1.54B9.03x0.91
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.35B$67.22-1.79%$264.42M11.75x0.48
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$10.90B$79.53-1.45%$196.78M70.38x0.72
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$49.48B$190.95-1.87%$4.80B18.89x2.19
TXN
TEXAS INSTRUMENTS INC
NASDAQ
Semiconductors
$165.19B$182.29-0.71%$11.23B19.17x0.87
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
NASDAQ
Semiconductors
$4.67B$65.99-0.15%$198.82M13.98x0.84
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$20.97B$8.40-3.57%$4.41B8.21x0.65
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$490.91B$94.66-2.99%$45.15B17.80x0.69
OIIM
O2MICRO INTERNATIONAL LTD
NASDAQ
Semiconductors
$133.36M$4.680.43%$17.43M9.36x0.19
QRVO
QORVO INC
NASDAQ
Semiconductors
$10.68B$106.88-4.34%$984.19M24.86x0.70
SITM
SITIME CORP
NASDAQ
Semiconductors
$2.74B$127.93-2.27%$55.64M58.15x0.06
ONTO
ONTO INNOVATION INC
NYSE
Semiconductors
$4.27B$86.15-4.16%$291.61M20.91x0.14
POWI
POWER INTEGRATIONS INC
NASDAQ
Semiconductors
$5.12B$89.53-1.74%$242.93M27.72x0.12
NVDA
NVIDIA CORP
NASDAQ
Semiconductors
$519.06B$211.00-0.05%$7.44B88.66x0.90
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$5.90B$41.50-0.43%$555.72M25.21x0.36
MCHP
MICROCHIP TECHNOLOGY INC
NASDAQ
Semiconductors
$46.75B$85.34-1.02%$3.85B22.70x1.55
MRAM
EVERSPIN TECHNOLOGIES INC
NASDAQ
Semiconductors
$145.45M$7.15-2.24%$10.46M15.54x0.46
CRUS
CIRRUS LOGIC INC
NASDAQ
Semiconductors
$5.66B$102.38-0.01%$491.43M17.56x0.26
NVEC
NVE CORP
NASDAQ
Semiconductors
$347.38M$71.910.46%$22.43M18.97x0.04
NVTS
NAVITAS SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$889.97M$5.80-2.59%-$45.52M-4.23x0.16
GFS
GLOBALFOUNDRIES INC
NASDAQ
Semiconductors
$34.48B$63.25-2.78%$2.65B40.81x0.90
SLAB
SILICON LABORATORIES INC
NASDAQ
Semiconductors
$5.86B$183.61-1.23%$159.10M70.35x0.54
STM
STMICROELECTRONICS NV
NYSE
Semiconductors
$44.69B$49.44-2.25%N/A11.31x0.57
INTC
INTEL CORP
NASDAQ
Semiconductors
$125.43B$30.32-5.38%$19.63B15.55x0.78
HIMX
HIMAX TECHNOLOGIES INC
NASDAQ
Semiconductors
$1.47B$8.43-3.56%$440.97MN/A1.04
VLN
VALENS SEMICONDUCTOR LTD
NYSE
Semiconductors
$526.95M$5.37-4.66%-$22.10M-19.18x0.13
MX
MAGNACHIP SEMICONDUCTOR CORP
NYSE
Semiconductors
$473.56M$10.72-4.01%$68.38M11.28x0.30
ALGM
ALLEGRO MICROSYSTEMS INC
NASDAQ
Semiconductors
$7.96B$41.56-0.82%$222.71M52.61x0.21
GSIT
GSI TECHNOLOGY INC
NASDAQ
Semiconductors
$49.35M$2.01-0.50%-$13.15M-3.35x0.18
PRSO
PERASO INC
NASDAQ
Semiconductors
$21.75M$0.992.62%-$17.59M-0.47x0.18
MU
MICRON TECHNOLOGY INC
NASDAQ
Semiconductors
$68.10B$62.41-3.89%$14.42B11.20x0.38
WOLF
WOLFSPEED INC
NYSE
Semiconductors
$10.16B$81.68-2.86%-$10.50M-68.64x2.00
AAOI
APPLIED OPTOELECTRONICS INC
NASDAQ
Semiconductors
$77.01M$2.70-1.85%-$30.91M-1.23x1.09
QUIK
QUICKLOGIC CORP
NASDAQ
Semiconductors
$76.18M$5.812.50%-$3.82M-15.29x1.58
RMBS
RAMBUS INC
NASDAQ
Semiconductors
$4.69B$43.62-1.15%$33.61M-207.71x0.29
PXLW
PIXELWORKS INC
NASDAQ
Semiconductors
$123.97M$2.26-3.98%-$12.48M-7.06x0.88
INTT
INTEST CORP
NYSEMKT
Semiconductors
$155.09M$14.07-0.57%$11.15M27.06x0.77
AIP
ARTERIS INC
NASDAQ
Semiconductors
$207.57M$6.21-1.93%-$24.91M-6.90x1.94
MRVL
MARVELL TECHNOLOGY INC
NASDAQ
Semiconductors
$39.74B$46.58-3.33%$1.68B-310.53x0.45
SQNS
SEQUANS COMMUNICATIONS
NYSE
Semiconductors
$155.29M$3.24-2.44%$11.92MN/A20.53
CEVA
CEVA INC
NASDAQ
Semiconductors
$814.81M$35.14-1.25%$6.18M-38.62x0.17
LASR
NLIGHT INC
NASDAQ
Semiconductors
$588.54M$12.99-2.69%-$21.73M-14.12x0.22
LEDS
SEMILEDS CORP
NASDAQ
Semiconductors
$11.05M$2.28-0.88%-$1.36M-3.80x4.15
WISA
WISA TECHNOLOGIES INC
NASDAQ
Semiconductors
$1.52M$8.90-9.55%-$15.44M-0.09x1.16
EMKR
EMCORE CORP
NASDAQ
Semiconductors
$50.69M$1.35-6.67%-$19.70M-2.08x0.59
WKEY
WISEKEY INTERNATIONAL HOLDING SA
NASDAQ
Semiconductors
$33.57M$2.402.50%N/AN/A0.56
POET
POET TECHNOLOGIES INC
NASDAQ
Semiconductors
$181.01M$4.930.41%-$17.17M-10.96x0.17
NA
NANO LABS LTD
NASDAQ
Semiconductors
$75.82M$1.369.04%N/AN/A0.73
ASTI
ASCENT SOLAR TECHNOLOGIES INC
NASDAQ
Semiconductors
$39.70M$1.17-5.13%-$14.79M-0.57x5.05
SKYT
SKYWATER TECHNOLOGY INC
NASDAQ
Semiconductors
$474.04M$11.39-1.05%-$33.91M-6.58x6.44
TMPO
TEMPO AUTOMATION HOLDINGS INC
NASDAQ
Semiconductors
$12.91M$1.52-7.24%-$3.43M-4.75x-1.00

Semiconductor Stocks FAQ

What are the best semiconductor stocks to buy right now in Feb 2023?

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

1. Semtech (NASDAQ:SMTC)


Semtech (NASDAQ:SMTC) is the top semiconductor stock with a Zen Score of 66, which is 25 points higher than the semiconductor industry average of 41. It passed 21 out of 33 due diligence checks and has strong fundamentals. Semtech has seen its stock lose -53.35% over the past year, underperforming other semiconductor stocks by -46 percentage points.

Semtech has an average 1 year price target of $60.00, an upside of 76.52% from Semtech's current stock price of $33.99.

Semtech stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Semtech, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Synaptics (NASDAQ:SYNA)


Synaptics (NASDAQ:SYNA) is the second best semiconductor stock with a Zen Score of 65, which is 24 points higher than the semiconductor industry average of 41. It passed 21 out of 33 due diligence checks and has strong fundamentals. Synaptics has seen its stock lose -42.29% over the past year, underperforming other semiconductor stocks by -35 percentage points.

Synaptics has an average 1 year price target of $165.50, an upside of 32.43% from Synaptics's current stock price of $124.97.

Synaptics stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Synaptics, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Diodes (NASDAQ:DIOD)


Diodes (NASDAQ:DIOD) is the third best semiconductor stock with a Zen Score of 61, which is 20 points higher than the semiconductor industry average of 41. It passed 19 out of 33 due diligence checks and has strong fundamentals. Diodes has seen its stock return 1.71% over the past year, overperforming other semiconductor stocks by 9 percentage points.

Diodes has an average 1 year price target of $88.67, a downside of -5.85% from Diodes's current stock price of $94.18.

Diodes stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Diodes, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 20 semiconductor stocks that have issued dividends in the past year, the 3 semiconductor stocks with the highest dividend yields are:

1. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 14.83%, which is 12 percentage points higher than the semiconductor industry average of 2.95%. Himax Technologies's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Himax Technologies's dividend has shown consistent growth over the last 10 years.

2. Chipmos Technologies (NASDAQ:IMOS)


Chipmos Technologies (NASDAQ:IMOS) has an annual dividend yield of 12.04%, which is 9 percentage points higher than the semiconductor industry average of 2.95%. Chipmos Technologies's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Chipmos Technologies's dividend has shown consistent growth over the last 10 years.

Chipmos Technologies's dividend payout ratio of 33.1% indicates that its high dividend yield is sustainable for the long-term.

3. Nve (NASDAQ:NVEC)


Nve (NASDAQ:NVEC) has an annual dividend yield of 5.56%, which is 3 percentage points higher than the semiconductor industry average of 2.95%. Nve's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Nve's dividend has not shown consistent growth over the last 10 years.

Nve's dividend payout ratio of 105.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are semiconductor stocks down?

Semiconductor stocks were down -1.88% in the last day, and up 4.38% over the last week. Synaptics was the among the top losers in the semiconductors industry, dropping -1.86% yesterday.

Synaptics shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS and sales results.

What are the most undervalued semiconductor stocks?

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

1. Semtech (NASDAQ:SMTC)


Semtech (NASDAQ:SMTC) is the most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Semtech has a valuation score of 100, which is 60 points higher than the semiconductor industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Semtech's stock has dropped -53.35% in the past year. It has underperformed other stocks in the semiconductor industry by -46 percentage points.

2. Diodes (NASDAQ:DIOD)


Diodes (NASDAQ:DIOD) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Diodes has a valuation score of 86, which is 46 points higher than the semiconductor industry average of 40. It passed 6 out of 7 valuation due diligence checks.

Diodes's stock has gained 1.71% in the past year. It has overperformed other stocks in the semiconductor industry by 9 percentage points.

3. Smart Global Holdings (NASDAQ:SGH)


Smart Global Holdings (NASDAQ:SGH) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Smart Global Holdings has a valuation score of 86, which is 46 points higher than the semiconductor industry average of 40. It passed 6 out of 7 valuation due diligence checks.

Smart Global Holdings's stock has dropped -34.5% in the past year. It has underperformed other stocks in the semiconductor industry by -27 percentage points.

Are semiconductor stocks a good buy now?

46.77% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 8.36% 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 30.14x.
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.