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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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
RMBS	RAMBUS INC	$56.95	1,112,276	-13.75%	56.56	57.51	59.82	62.62	60.34	47.70	40.04	24.68	48.55	31.73	-1.25	-1.21	-0.03	1.26
SWKS	SKYWORKS SOLUTIONS INC	$91.78	2,087,190	-41.41%	98.64	99.58	103.08	104.77	102.17	37.01	11.32	16.14	11.15	15.81	-2.66	-1.66	-1.00	1.44
AMD	ADVANCED MICRO DEVICES INC	$155.78	44,190,917	-10.12%	153.06	156.52	174.92	166.75	138.08	45.70	41.23	30.53	70.46	56.43	-6.09	-6.69	0.59	1.57
ADI	ANALOG DEVICES INC	$203.32	2,158,136	-9.04%	198.42	195.19	194.39	193.64	185.84	58.80	79.72	70.53	72.62	64.72	1.78	0.89	0.89	1.27
ON	ON SEMICONDUCTOR CORP	$69.67	5,976,343	-4.17%	68.17	66.91	72.27	75.17	81.11	52.03	79.62	78.35	91.99	90.91	-0.48	-1.46	0.98	1.75
QCOM	QUALCOMM INC	$181.85	6,521,671	-35.01%	169.47	168.48	167.94	156.81	136.91	65.73	91.84	76.13	99.23	85.38	2.36	0.56	1.80	1.33
CRUS	CIRRUS LOGIC INC	$90.02	484,971	48.82%	87.37	87.23	89.62	86.46	80.80	54.73	70.92	57.15	79.10	67.01	-0.40	-0.80	0.39	1.28
UMC	UNITED MICROELECTRONICS CORP	$8.12	8,113,955	-18.56%	7.80	7.80	7.94	7.96	7.63	58.58	88.63	67.01	98.73	83.83	-0.01	-0.07	0.06	0.96
TSEM	TOWER SEMICONDUCTOR LTD	$33.81	382,140	64.23%	32.52	32.34	32.56	31.36	29.63	61.58	89.21	78.41	92.86	86.04	0.16	-0.02	0.17	0.95
FORM	FORMFACTOR INC	$55.27	733,004	-29.87%	46.69	45.25	44.52	42.50	38.49	75.10	98.58	88.94	100.00	91.49	1.90	0.60	1.30	1.48
AVGO	BROADCOM INC	$1,310.31	1,624,724	-34.37%	1,285.32	1,292.34	1,308.36	1,240.12	1,061.34	52.38	48.64	38.86	57.77	47.27	-6.86	-7.09	0.23	1.33
HIMX	HIMAX TECHNOLOGIES INC	$5.17	364,409	-37.87%	5.04	5.09	5.35	5.61	5.79	50.50	78.45	59.54	100.00	89.84	-0.08	-0.11	0.03	1.18
ALGM	ALLEGRO MICROSYSTEMS INC	$30.09	701,453	-0.20%	29.30	28.11	28.42	28.77	31.08	60.72	85.70	80.08	79.05	73.05	0.62	0.29	0.32	1.64
NXPI	NXP SEMICONDUCTORS NV	$259.63	2,198,013	-12.50%	246.59	238.88	243.20	232.93	216.43	63.75	90.65	86.18	95.41	91.83	4.48	1.02	3.45	1.47
MCHP	MICROCHIP TECHNOLOGY INC	$93.76	7,099,606	16.71%	91.12	88.60	88.13	87.38	83.97	60.59	77.40	69.86	74.81	67.79	1.22	0.72	0.51	1.57
NVDA	NVIDIA CORP	$921.40	37,018,334	-6.55%	856.41	852.72	867.74	729.29	591.14	59.44	87.99	74.10	95.00	84.19	5.70	-1.45	7.14	1.74
LSCC	LATTICE SEMICONDUCTOR CORP	$71.13	1,209,861	-13.64%	71.19	71.93	75.28	71.56	74.56	47.46	39.00	30.59	59.93	51.22	-1.27	-1.31	0.04	1.58
TXN	TEXAS INSTRUMENTS INC	$181.67	4,109,969	-9.54%	176.03	171.33	170.83	167.96	163.94	64.53	91.77	85.73	89.69	83.05	2.67	1.44	1.23	1.14
VSH	VISHAY INTERTECHNOLOGY INC	$23.09	613,124	-33.13%	22.55	22.01	22.21	22.43	23.55	59.73	82.78	76.53	77.19	73.07	0.22	0.07	0.15	1.30
MPWR	MONOLITHIC POWER SYSTEMS INC	$733.05	398,674	-31.93%	674.59	659.47	679.96	659.90	579.22	63.88	93.08	84.62	98.34	90.89	9.30	-1.98	11.28	1.71
GFS	GLOBALFOUNDRIES INC	$49.73	2,012,049	29.41%	48.18	48.27	50.81	53.84	54.97	52.91	73.86	60.13	96.67	84.51	-0.59	-0.98	0.39	1.66
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$142.83	8,576,102	-35.00%	137.27	138.14	138.24	125.27	109.12	58.57	82.34	65.40	93.49	79.08	0.35	-0.18	0.54	1.07
MRAM	EVERSPIN TECHNOLOGIES INC	$6.25	285,200	32.73%	7.14	7.36	7.85	8.29	8.92	21.16	16.70	28.43	0.00	26.21	-0.34	-0.23	-0.10	1.17
NVTS	NAVITAS SEMICONDUCTOR CORP	$4.80	1,622,184	-39.29%	4.34	4.22	4.67	5.76	6.58	60.16	89.39	79.77	96.16	90.33	-0.03	-0.15	0.12	2.13
SIMO	SILICON MOTION TECHNOLOGY CORP	$78.58	999,343	-16.73%	73.91	74.56	74.66	69.20	62.53	60.87	45.37	31.19	81.43	60.60	-0.13	-0.33	0.19	0.84
MTSI	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC	$103.51	681,926	8.28%	101.22	99.63	96.31	91.92	84.90	58.95	73.46	68.31	68.89	59.54	1.61	1.46	0.16	1.46
DIOD	DIODES INC	$74.04	167,163	-20.89%	72.23	70.49	69.24	70.84	73.80	61.03	80.71	75.74	73.77	66.56	1.20	0.80	0.39	1.43
VLN	VALENS SEMICONDUCTOR LTD	$2.42	263,286	-37.03%	2.38	2.39	2.29	2.32	2.36	57.44	58.74	48.13	66.31	41.94	0.02	0.02	-0.00	0.65
NVEC	NVE CORP	$76.60	31,954	-41.46%	79.28	80.67	83.07	80.67	79.05	39.88	28.26	36.67	37.44	54.62	-1.68	-1.19	-0.49	1.00
POWI	POWER INTEGRATIONS INC	$69.67	312,173	-34.40%	67.25	67.06	69.46	73.99	76.54	55.94	83.35	71.10	100.00	89.56	-0.43	-0.99	0.57	1.38
ALAB	ASTERA LABS INC	$78.11	1,931,604	-9.76%	77.87	74.35	N/A	N/A	N/A	54.97	62.84	63.32	N/A	N/A	N/A	N/A	N/A	2.40
SITM	SITIME CORP	$96.64	184,969	-0.09%	86.86	83.10	87.96	102.24	109.49	64.51	92.65	87.96	98.71	93.89	1.05	-1.29	2.33	1.87
INTC	INTEL CORP	$30.97	34,319,319	-5.65%	32.04	34.05	39.34	42.59	39.82	25.83	12.15	8.43	27.47	14.96	-2.61	-2.48	-0.13	1.21
IMOS	CHIPMOS TECHNOLOGIES INC	$28.19	9,697	-20.08%	28.27	28.76	29.58	28.49	26.22	41.83	51.93	41.78	82.99	68.00	-0.47	-0.45	-0.01	0.74
STM	STMICROELECTRONICS NV	$40.31	2,285,119	-15.88%	40.51	40.67	43.17	44.69	44.94	45.39	31.10	22.63	58.74	48.58	-0.85	-0.93	0.07	1.49
SLAB	SILICON LABORATORIES INC	$124.76	189,485	7.47%	121.29	122.92	131.72	130.46	124.29	49.48	71.19	57.11	95.73	88.46	-2.74	-3.48	0.74	1.52
QUIK	QUICKLOGIC CORP	$14.27	153,438	-27.24%	13.90	13.36	14.98	14.09	11.64	51.99	51.88	54.77	66.18	69.01	-0.12	-0.34	0.22	0.99
AIP	ARTERIS INC	$9.46	899,279	-18.08%	6.97	6.99	6.99	6.53	6.35	73.57	69.21	41.16	66.67	37.87	0.17	-0.04	0.21	1.70
CEVA	CEVA INC	$20.98	59,810	-15.82%	20.08	20.31	21.93	21.76	21.50	52.02	80.71	63.44	98.43	91.91	-0.44	-0.63	0.19	1.41
AOSL	ALPHA & OMEGA SEMICONDUCTOR LTD	$22.16	238,978	198.71%	21.69	21.49	21.96	23.70	25.69	53.13	84.30	75.30	87.42	79.01	-0.02	-0.19	0.18	1.62
MX	MAGNACHIP SEMICONDUCTOR CORP	$5.17	302,750	-25.85%	4.96	5.03	5.40	6.19	7.02	50.78	65.55	51.86	94.51	89.34	-0.12	-0.18	0.05	0.95
ICG	INTCHAINS GROUP LTD	$8.07	1,328	-26.26%	8.34	8.27	8.69	9.88	8.56	46.61	34.10	26.46	40.79	31.93	-0.18	-0.17	-0.01	0.67
LAES	SEALSQ CORP	$1.17	146,890	-21.93%	1.20	1.18	1.52	1.68	2.87	41.11	46.72	50.45	81.47	84.02	-0.09	-0.12	0.03	0.63
WKEY	WISEKEY INTERNATIONAL HOLDING SA	$2.02	8,746	1.56%	2.01	2.09	2.31	2.24	2.27	44.19	39.94	29.04	90.75	64.82	-0.10	-0.10	-0.00	0.57
SELX	SEMILUX INTERNATIONAL LTD	$1.96	40,005	-24.24%	1.76	1.69	1.55	5.29	8.07	56.13	90.03	89.96	95.61	97.41	-0.02	-0.10	0.08	-0.09
QRVO	QORVO INC	$96.21	2,039,522	-15.38%	108.70	109.75	112.78	110.51	103.84	31.91	6.49	25.00	1.48	21.13	-2.98	-1.22	-1.76	1.41
WOLF	WOLFSPEED INC	$25.94	3,711,865	-37.33%	25.40	25.52	26.54	30.82	36.32	50.09	56.83	58.30	60.58	62.73	-0.38	-0.53	0.15	1.81
GSIT	GSI TECHNOLOGY INC	$3.10	291,648	-62.77%	3.65	3.71	3.88	3.15	3.04	39.77	21.42	38.97	18.31	40.45	-0.13	-0.04	-0.08	0.91
MU	MICRON TECHNOLOGY INC	$120.13	22,115,618	50.02%	113.48	115.85	109.00	96.65	83.29	59.54	53.25	38.84	63.96	42.33	0.91	1.28	-0.37	1.43
MXL	MAXLINEAR INC	$20.13	409,296	-31.06%	20.33	20.83	20.05	20.60	20.89	48.09	33.31	23.06	39.30	25.53	-0.12	0.05	-0.18	1.73
PRSO	PERASO INC	$1.36	51,224	-1.90%	1.36	1.38	1.50	3.63	6.73	44.37	21.02	18.70	67.97	72.96	-0.07	-0.09	0.02	0.85
ASX	ASE TECHNOLOGY HOLDING CO LTD	$10.49	5,172,891	-2.81%	10.24	10.46	10.65	9.93	8.92	50.66	50.16	30.55	83.87	56.29	-0.12	-0.13	0.01	1.17
PXLW	PIXELWORKS INC	$1.89	244,533	-31.07%	1.77	1.81	2.34	2.02	1.65	45.61	65.97	51.38	93.12	85.24	-0.14	-0.18	0.04	1.29
SGH	SMART GLOBAL HOLDINGS INC	$18.58	917,150	6.12%	18.31	18.82	21.97	21.07	20.98	39.57	58.44	51.28	99.40	94.72	-1.17	-1.33	0.16	1.56
SYNA	SYNAPTICS INC	$91.20	168,011	-7.61%	88.47	87.82	95.10	102.39	96.83	51.88	83.66	78.59	99.92	95.87	-1.45	-2.59	1.15	1.57
SKYT	SKYWATER TECHNOLOGY INC	$10.38	233,631	-41.06%	9.87	9.59	10.24	9.66	8.18	58.36	77.51	75.22	97.16	96.04	0.08	-0.09	0.17	2.29
LASR	NLIGHT INC	$12.62	148,769	-38.07%	11.54	11.47	12.23	12.83	11.92	63.59	77.61	69.32	100.00	95.05	-0.10	-0.29	0.19	1.52
CSLR	COMPLETE SOLARIA INC	$0.89	1,499,026	-54.13%	0.61	0.51	0.65	1.01	1.52	64.44	82.58	80.66	95.03	90.29	0.04	-0.03	0.07	0.18
ARM	ARM HOLDINGS PLC	$106.98	7,316,197	27.73%	100.22	107.45	121.99	102.89	N/A	48.03	43.11	34.28	84.42	68.44	-5.86	-6.44	0.58	3.02
MRVL	MARVELL TECHNOLOGY INC	$69.82	5,916,951	-25.56%	66.93	67.43	69.83	67.34	61.35	54.18	75.69	53.35	87.88	70.37	-0.54	-0.92	0.38	1.58
SMTC	SEMTECH CORP	$39.71	1,150,203	-6.30%	36.67	34.79	28.67	24.73	23.26	77.44	95.18	91.58	100.00	99.07	2.85	2.57	0.28	1.52
EMKR	EMCORE CORP	$2.72	103,028	26.12%	2.75	2.79	3.42	4.20	4.72	40.07	29.98	27.02	67.65	58.76	-0.22	-0.25	0.03	0.88
POET	POET TECHNOLOGIES INC	$2.12	956,251	-59.22%	2.33	1.71	1.48	1.28	2.07	56.76	48.96	57.40	53.05	65.00	0.30	0.25	0.05	0.88
SQNS	SEQUANS COMMUNICATIONS	$0.54	38,473	-71.84%	0.52	0.53	0.54	1.67	2.22	45.92	50.98	43.51	86.39	57.32	-0.04	-0.06	0.02	0.98
NA	NANO LABS LTD	$0.57	243,898	-51.89%	0.54	0.68	1.34	1.47	1.40	38.21	57.89	57.72	83.71	92.49	-0.21	-0.26	0.05	1.05
LEDS	SEMILEDS CORP	$1.48	11,825	138.50%	1.55	1.54	1.53	1.46	1.58	44.36	20.67	31.07	4.19	22.28	0.01	0.02	-0.01	0.72
MOBX	MOBIX LABS INC	$3.00	43,144	83.57%	19.83	19.87	20.21	20.41	19.98	51.66	49.21	31.14	68.09	43.72	-0.12	-0.15	0.02	0.00
WISA	WISA TECHNOLOGIES INC	$4.24	542,953	-25.74%	5.26	4.87	4.67	9.64	48.56	45.96	22.09	31.21	18.50	37.98	0.03	0.09	-0.06	0.67
GCTS	GCT SEMICONDUCTOR HOLDING INC	$6.59	324,397	-47.51%	5.13	5.35	10.38	10.49	10.54	47.61	84.50	65.07	100.00	94.53	-1.59	-2.01	0.42	0.76

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 70, which is 39 points higher than the semiconductor industry average of 31. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 17.45% over the past year, underperforming other semiconductor stocks by -26 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 49.25% from Rambus's current stock price of $56.95.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 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 26 points higher than the semiconductor industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Skyworks Solutions has seen its stock lose -12.79% over the past year, underperforming other semiconductor stocks by -56 percentage points.

Skyworks Solutions has an average 1 year price target of $105.46, an upside of 14.9% from Skyworks Solutions's current stock price of $91.78.

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. Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) is the third best semiconductor stock with a Zen Score of 56, which is 25 points higher than the semiconductor industry average of 31. It passed 18 out of 33 due diligence checks and has strong fundamentals. Advanced Micro Devices has seen its stock return 63.91% over the past year, overperforming other semiconductor stocks by 20 percentage points.

Advanced Micro Devices has an average 1 year price target of $196.96, an upside of 26.44% from Advanced Micro Devices's current stock price of $155.78.

Advanced Micro Devices stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 27 analysts covering Advanced Micro Devices, 74.07% have issued a Strong Buy rating, 14.81% have issued a Buy, 11.11% 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 138.61%, which is 130 percentage points higher than the semiconductor industry average of 8.94%.

Wisekey International Holding Sa's dividend payout ratio of -36.3% 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 9.28%, which is the same as the semiconductor industry average of 8.94%. 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.

Himax Technologies's dividend payout ratio of 160% indicates that its high dividend yield might not be sustainable for the long-term.

3. United Microelectronics (NYSE:UMC)

United Microelectronics (NYSE:UMC) has an annual dividend yield of 7.22%, which is -2 percentage points lower than the semiconductor industry average of 8.94%. 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.

United Microelectronics's dividend payout ratio of 77.6% indicates that its high dividend yield is sustainable for the long-term.

Why are semiconductor stocks up?

Semiconductor stocks were up 2.46% in the last day, and up 1.12% over the last week. Silicon Motion Technology was the among the top gainers in the semiconductors industry, gaining 6.25% yesterday.

Silicon Motion Technology shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $59 to $88.

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 73 points higher than the semiconductor industry average of 27. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -12.79% in the past year. It has underperformed other stocks in the semiconductor industry by -56 percentage points.

2. Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 73 points higher than the semiconductor industry average of 27. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -24.19% in the past year. It has underperformed other stocks in the semiconductor industry by -68 percentage points.

3. Cirrus Logic (NASDAQ:CRUS)

Cirrus Logic (NASDAQ:CRUS) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Cirrus Logic has a valuation score of 86, which is 59 points higher than the semiconductor industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Cirrus Logic's stock has gained 15.37% in the past year. It has underperformed other stocks in the semiconductor industry by -28 percentage points.

Are semiconductor stocks a good buy now?

52.94% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 13.03% 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 57.75x.

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.

Sectors & Industries TechnologySemiconductors
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.

Semiconductor Stocks FAQ

1. Rambus (NASDAQ:RMBS)

2. Skyworks Solutions (NASDAQ:SWKS)

3. Advanced Micro Devices (NASDAQ:AMD)

1. Wisekey International Holding Sa (NASDAQ:WKEY)

2. Himax Technologies (NASDAQ:HIMX)

3. United Microelectronics (NYSE:UMC)

1. Skyworks Solutions (NASDAQ:SWKS)

2. Himax Technologies (NASDAQ:HIMX)

3. Cirrus Logic (NASDAQ:CRUS)

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