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. Qorvo (NASDAQ:QRVO)
Qorvo (NASDAQ:QRVO) is the #1 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 Qorvo (NASDAQ:QRVO) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Qorvo (NASDAQ:QRVO) has a Due Diligence Score of 42, which is 11 points higher than the semiconductor industry average of 31.
QRVO passed 13 out of 33 due diligence checks and has strong fundamentals. Qorvo has seen its stock lose -13.99% over the past year, underperforming other semiconductor stocks by -32 percentage points.
Qorvo has an average 1 year
price target of $99.10, an upside of 14.69% from Qorvo's current stock price of $86.41.
Qorvo stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Qorvo, 20% have issued a Strong Buy rating, 10% have issued a Buy, 70% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Cirrus Logic (NASDAQ:CRUS)
Cirrus Logic (NASDAQ:CRUS) is the #2 top semiconductor stock out of 69 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: A, Growth: C, Momentum: C, Sentiment: A, Safety: C, Financials: A, and AI: B.
Cirrus Logic (NASDAQ:CRUS) has a Due Diligence Score of 50, which is 19 points higher than the semiconductor industry average of 31.
CRUS passed 15 out of 33 due diligence checks and has strong fundamentals. Cirrus Logic has seen its stock lose -6.9% over the past year, underperforming other semiconductor stocks by -25 percentage points.
Cirrus Logic has an average 1 year
price target of $115.00, a downside of -1.36% from Cirrus Logic's current stock price of $116.58.
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.
3. Micron Technology (NASDAQ:MU)
The Component Grade breakdown for Micron Technology (NASDAQ:MU) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Micron Technology (NASDAQ:MU) has a Due Diligence Score of 49, which is 18 points higher than the semiconductor industry average of 31.
MU passed 19 out of 38 due diligence checks and has strong fundamentals. Micron Technology has seen its stock return 80.97% over the past year, overperforming other semiconductor stocks by 63 percentage points.
Micron Technology has an average 1 year
price target of $161.59, an upside of 2.42% from Micron Technology's current stock price of $157.77.
Micron Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 22 analysts covering Micron Technology, 59.09% have issued a Strong Buy rating, 27.27% have issued a Buy, 13.64% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.