According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best semiconductor stocks to buy right now are:
1. Micron Technology (NASDAQ:MU)
The Component Grade breakdown for Micron Technology (NASDAQ:MU) is: Value: B, Growth: C, Momentum: A, Sentiment: B, Safety: C, Financials: B, and AI: C.
Micron Technology (NASDAQ:MU) has a Due Diligence Score of 53, which is 21 points higher than the semiconductor industry average of 32.
MU passed 19 out of 38 due diligence checks and has strong fundamentals. Micron Technology has seen its stock return 130.71% over the past year, overperforming other semiconductor stocks by 98 percentage points.
Micron Technology has an average 1 year
price target of $205.60, a downside of -12.4% from Micron Technology's current stock price of $234.70.
Micron Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 25 analysts covering Micron Technology, 60% have issued a Strong Buy rating, 32% have issued a Buy, 8% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Semtech (NASDAQ:SMTC)
Semtech (NASDAQ:SMTC) is the #2 top semiconductor stock out of 68 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Semtech (NASDAQ:SMTC) is: Value: C, Growth: B, Momentum: B, Sentiment: C, Safety: C, Financials: B, and AI: C.
Semtech (NASDAQ:SMTC) has a Due Diligence Score of 37, which is 5 points higher than the semiconductor industry average of 32.
SMTC passed 12 out of 33 due diligence checks and has average fundamentals. Semtech has seen its stock return 53.12% over the past year, overperforming other semiconductor stocks by 20 percentage points.
Semtech has an average 1 year
price target of $65.40, a downside of -2.75% from Semtech's current stock price of $67.25.
Semtech stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Semtech, 50% have issued a Strong Buy rating, 40% have issued a Buy, 10% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Cirrus Logic (NASDAQ:CRUS)
Cirrus Logic (NASDAQ:CRUS) is the #3 top semiconductor stock out of 68 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Cirrus Logic (NASDAQ:CRUS) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Cirrus Logic (NASDAQ:CRUS) has a Due Diligence Score of 47, which is 15 points higher than the semiconductor industry average of 32.
CRUS passed 14 out of 33 due diligence checks and has strong fundamentals. Cirrus Logic has seen its stock return 18.63% over the past year, underperforming other semiconductor stocks by -14 percentage points.
Cirrus Logic has an average 1 year
price target of $128.33, a downside of -2.22% from Cirrus Logic's current stock price of $131.24.
Cirrus Logic stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Cirrus Logic, 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.