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 125.14% over the past year, overperforming other semiconductor stocks by 96 percentage points.
Micron Technology has an average 1 year
price target of $205.60, a downside of -13.43% from Micron Technology's current stock price of $237.50.
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 69 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: B.
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 43.49% over the past year, overperforming other semiconductor stocks by 14 percentage points.
Semtech has an average 1 year
price target of $65.40, a downside of -3.11% from Semtech's current stock price of $67.50.
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. Silicon Motion Technology (NASDAQ:SIMO)
The Component Grade breakdown for Silicon Motion Technology (NASDAQ:SIMO) is: Value: C, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: C, and AI: C.
Silicon Motion Technology (NASDAQ:SIMO) has a Due Diligence Score of 54, which is 22 points higher than the semiconductor industry average of 32.
SIMO passed 19 out of 38 due diligence checks and has strong fundamentals. Silicon Motion Technology has seen its stock return 83.09% over the past year, overperforming other semiconductor stocks by 54 percentage points.
Silicon Motion Technology has an average 1 year
price target of $108.57, an upside of 9.93% from Silicon Motion Technology's current stock price of $98.76.
Silicon Motion Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Silicon Motion Technology, 57.14% have issued a Strong Buy rating, 42.86% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.