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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	$57.94	1,107,735	8.02%	57.05	56.62	59.27	61.74	60.22	50.92	74.21	67.59	87.34	81.97	-0.31	-0.76	0.45	1.26
SWKS	SKYWORKS SOLUTIONS INC	$94.09	2,194,821	-8.42%	93.13	96.39	101.41	103.38	101.37	42.83	26.25	24.81	36.94	34.63	-2.38	-2.51	0.13	1.44
ADI	ANALOG DEVICES INC	$214.12	2,819,563	-25.85%	207.36	201.22	197.20	194.67	186.37	67.44	96.46	96.27	95.25	98.42	4.90	3.36	1.54	1.26
QCOM	QUALCOMM INC	$193.27	8,139,970	-28.13%	184.59	174.84	171.87	160.38	139.24	72.64	95.25	96.17	96.96	98.65	6.25	4.16	2.09	1.33
TSEM	TOWER SEMICONDUCTOR LTD	$36.97	425,124	30.67%	35.61	33.87	33.05	31.84	29.62	71.65	90.25	88.75	93.82	94.60	1.21	0.80	0.41	0.94
AMD	ADVANCED MICRO DEVICES INC	$162.62	75,722,814	79.14%	154.48	153.21	168.75	168.06	139.77	55.07	74.73	62.81	96.96	85.81	-2.50	-4.42	1.92	1.57
ON	ON SEMICONDUCTOR CORP	$73.00	5,396,266	-15.82%	71.63	68.96	71.28	74.29	79.90	57.86	86.75	88.59	84.26	93.57	0.98	0.22	0.76	1.75
AVGO	BROADCOM INC	$1,412.13	2,724,964	-15.64%	1,342.12	1,305.76	1,311.22	1,259.22	1,079.40	62.23	94.17	92.27	94.29	95.57	23.82	8.39	15.43	1.33
ALGM	ALLEGRO MICROSYSTEMS INC	$29.75	1,361,700	-14.16%	28.96	28.74	28.04	28.66	30.26	56.41	81.25	68.55	59.48	40.11	0.29	0.28	0.01	1.64
NXPI	NXP SEMICONDUCTORS NV	$269.61	1,549,954	-30.53%	263.21	250.71	245.59	235.90	218.23	67.88	94.98	95.43	91.66	97.22	8.09	6.08	2.01	1.47
NVDA	NVIDIA CORP	$943.59	32,085,581	-22.06%	911.26	871.23	882.46	763.35	609.36	61.69	94.03	91.70	93.68	87.63	19.94	12.22	7.71	1.74
SIMO	SILICON MOTION TECHNOLOGY CORP	$77.31	396,301	-6.01%	76.69	74.89	75.60	70.59	63.29	55.71	44.89	40.29	52.22	45.69	0.42	0.29	0.14	0.84
LSCC	LATTICE SEMICONDUCTOR CORP	$71.58	1,582,363	-20.13%	70.90	70.57	74.33	71.76	73.83	49.50	43.32	39.80	59.52	54.34	-0.63	-0.97	0.34	1.58
MCHP	MICROCHIP TECHNOLOGY INC	$94.24	5,302,238	7.11%	92.82	90.97	89.40	87.55	84.04	59.54	80.89	73.36	81.96	71.35	1.59	1.29	0.31	1.56
FORM	FORMFACTOR INC	$54.54	909,853	42.50%	55.40	49.63	46.50	43.76	39.30	67.01	82.69	85.32	67.04	74.08	3.07	2.71	0.36	1.47
CRUS	CIRRUS LOGIC INC	$112.22	427,185	-25.61%	102.49	94.33	91.93	88.30	81.86	79.26	97.88	97.48	99.58	99.86	5.94	3.35	2.59	1.28
VSH	VISHAY INTERTECHNOLOGY INC	$23.81	833,919	-14.75%	23.05	22.60	22.33	22.36	23.35	63.01	95.58	84.80	85.47	60.10	0.37	0.25	0.12	1.31
TXN	TEXAS INSTRUMENTS INC	$194.97	5,367,644	-9.55%	186.90	179.59	174.08	169.79	164.26	76.27	97.96	97.99	97.75	99.25	6.03	4.35	1.68	1.14
MRAM	EVERSPIN TECHNOLOGIES INC	$6.21	209,897	88.06%	6.20	6.77	7.48	8.10	8.79	29.90	12.18	10.01	43.53	36.68	-0.42	-0.40	-0.02	1.17
GFS	GLOBALFOUNDRIES INC	$54.18	1,006,131	-38.32%	52.30	49.92	50.67	53.41	54.60	63.67	83.99	76.71	98.08	91.70	1.10	0.40	0.70	1.66
MPWR	MONOLITHIC POWER SYSTEMS INC	$728.10	398,492	-32.44%	715.26	682.52	678.34	667.25	586.08	59.37	87.81	82.31	75.56	68.00	16.73	11.58	5.15	1.70
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$152.23	13,300,342	-3.90%	146.73	140.65	140.62	128.90	111.07	63.11	93.79	92.84	91.37	91.67	3.75	2.13	1.62	1.07
NVTS	NAVITAS SEMICONDUCTOR CORP	$3.91	1,841,314	-26.74%	4.34	4.23	4.44	5.46	6.35	38.96	8.72	13.81	1.73	5.56	-0.11	-0.07	-0.04	2.12
MTSI	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC	$101.60	610,839	-8.82%	102.46	100.94	98.28	92.75	86.28	53.09	62.33	62.97	46.01	50.32	1.34	1.45	-0.11	1.45
DIOD	DIODES INC	$72.41	282,420	-35.30%	73.14	72.08	70.04	70.50	73.04	52.02	48.02	41.81	29.89	23.61	0.76	1.00	-0.24	1.43
NVEC	NVE CORP	$76.86	12,394	-4.55%	76.45	78.23	81.99	80.57	78.88	43.52	54.72	48.85	80.80	70.33	-1.52	-1.60	0.07	1.00
HIMX	HIMAX TECHNOLOGIES INC	$6.65	1,336,437	2.88%	5.76	5.37	5.41	5.61	5.74	84.65	97.97	97.21	100.00	100.00	0.28	0.10	0.18	1.18
VLN	VALENS SEMICONDUCTOR LTD	$2.53	583,731	-15.38%	2.46	2.41	2.32	2.33	2.36	67.44	76.85	75.76	88.19	80.39	0.04	0.03	0.01	0.65
ARM	ARM HOLDINGS PLC	$114.27	6,379,630	-31.62%	109.68	103.53	117.56	106.27	N/A	54.19	85.63	90.52	88.12	93.44	-0.29	-2.66	2.38	2.92
POWI	POWER INTEGRATIONS INC	$77.66	320,219	-15.20%	74.75	70.38	70.17	73.38	75.85	68.36	92.09	91.32	88.90	86.88	2.46	1.36	1.11	1.37
IMOS	CHIPMOS TECHNOLOGIES INC	$26.63	17,036	119.28%	27.23	27.71	29.35	28.47	26.39	37.70	51.59	44.68	60.34	41.15	-0.73	-0.63	-0.10	0.74
INTC	INTEL CORP	$32.03	47,378,392	28.58%	30.74	31.72	37.29	41.40	39.65	42.06	58.66	35.00	100.00	83.94	-1.77	-2.20	0.43	1.20
STM	STMICROELECTRONICS NV	$41.93	3,035,139	-7.31%	40.94	40.60	42.39	44.01	44.48	53.92	82.90	69.06	91.58	84.91	-0.09	-0.47	0.38	1.49
SITM	SITIME CORP	$128.07	134,778	-24.18%	113.90	98.29	92.01	101.89	109.23	79.69	96.96	94.84	96.85	97.67	11.08	6.74	4.33	1.88
CEVA	CEVA INC	$20.16	152,186	33.73%	20.34	20.01	21.54	21.53	21.24	46.70	51.41	41.47	53.68	41.45	-0.29	-0.37	0.08	1.41
QUIK	QUICKLOGIC CORP	$12.10	250,824	-37.11%	12.89	13.15	14.55	14.05	11.80	39.50	19.19	16.59	6.32	8.12	-0.48	-0.38	-0.10	0.98
SLAB	SILICON LABORATORIES INC	$130.19	186,894	15.57%	127.22	123.62	129.89	130.46	123.40	55.30	89.29	88.92	95.22	93.83	0.50	-0.93	1.42	1.52
PXLW	PIXELWORKS INC	$1.23	1,750,858	-76.52%	1.74	1.73	2.17	2.05	1.65	25.12	31.63	42.16	32.42	56.64	-0.15	-0.12	-0.03	1.27
MX	MAGNACHIP SEMICONDUCTOR CORP	$5.12	205,073	3.87%	5.03	4.96	5.25	6.01	6.86	51.72	53.75	48.10	84.76	77.07	-0.06	-0.10	0.04	0.94
AOSL	ALPHA & OMEGA SEMICONDUCTOR LTD	$27.25	164,279	-9.88%	25.77	23.47	22.65	23.84	25.50	70.59	96.53	97.37	94.57	97.87	1.54	0.97	0.57	1.62
LAES	SEALSQ CORP	$1.09	371,275	25.01%	1.16	1.17	1.40	1.69	2.48	34.79	17.55	23.00	21.69	49.01	-0.06	-0.07	0.01	0.60
ICG	INTCHAINS GROUP LTD	$8.38	2,478	667.18%	8.14	8.25	8.49	9.63	8.62	51.68	54.39	42.37	85.32	65.22	-0.09	-0.15	0.05	0.68
UMC	UNITED MICROELECTRONICS CORP	$8.07	7,600,722	-1.67%	8.08	7.87	8.00	7.96	7.66	54.18	91.30	92.99	88.32	89.98	0.07	0.03	0.04	0.95
WKEY	WISEKEY INTERNATIONAL HOLDING SA	$1.83	41,810	645.94%	1.93	1.97	2.22	2.26	2.19	36.96	20.16	24.55	53.51	58.45	-0.09	-0.09	0.00	0.57
PRSO	PERASO INC	$1.40	49,243	0.87%	1.41	1.38	1.47	3.03	6.16	47.43	39.15	58.70	38.20	61.70	-0.02	-0.04	0.02	0.84
SKYT	SKYWATER TECHNOLOGY INC	$8.11	307,399	-58.38%	8.76	9.13	9.75	9.68	8.14	40.78	38.80	35.55	45.48	41.23	-0.46	-0.30	-0.16	2.28
MU	MICRON TECHNOLOGY INC	$127.89	15,762,757	14.15%	121.59	116.59	113.77	99.97	85.45	67.58	95.81	96.19	100.00	100.00	3.43	2.30	1.13	1.43
WOLF	WOLFSPEED INC	$25.18	2,185,965	-18.53%	24.81	24.85	26.22	29.38	34.77	49.31	58.94	52.92	48.96	38.80	-0.39	-0.48	0.09	1.81
QRVO	QORVO INC	$99.51	1,142,927	-4.40%	97.65	104.16	110.00	109.53	103.43	39.78	20.85	18.80	28.01	24.22	-3.71	-3.52	-0.19	1.41
MXL	MAXLINEAR INC	$19.44	424,193	10.08%	19.52	19.90	20.03	20.41	20.53	45.82	29.17	20.14	44.84	31.20	-0.34	-0.25	-0.10	1.73
GSIT	GSI TECHNOLOGY INC	$3.03	135,907	18.39%	3.07	3.40	3.79	3.17	2.98	40.67	20.55	17.63	30.40	22.88	-0.21	-0.18	-0.03	0.91
AIP	ARTERIS INC	$8.14	160,408	-58.65%	8.47	7.48	7.22	6.73	6.40	56.21	65.61	65.26	60.97	61.47	0.38	0.31	0.06	1.69
ASX	ASE TECHNOLOGY HOLDING CO LTD	$10.50	5,182,509	14.16%	10.47	10.31	10.74	10.04	9.01	50.78	83.70	79.19	89.74	88.57	-0.02	-0.07	0.05	1.17
SGH	SMART GLOBAL HOLDINGS INC	$19.85	671,128	-36.02%	19.07	18.53	21.52	21.14	20.70	52.19	93.97	91.43	98.99	99.52	-0.40	-0.77	0.36	1.55
LASR	NLIGHT INC	$13.12	182,801	31.90%	12.99	12.11	12.26	12.78	11.87	63.29	86.60	89.01	76.92	83.02	0.36	0.19	0.17	1.51
EMKR	EMCORE CORP	$1.06	294,866	-53.51%	1.75	2.25	2.98	3.98	4.51	21.67	4.15	3.09	6.61	3.71	-0.56	-0.42	-0.14	0.88
SMTC	SEMTECH CORP	$39.84	842,241	-27.99%	39.58	37.35	31.58	26.16	23.72	67.24	77.07	75.79	19.58	17.45	2.39	2.60	-0.21	1.52
SQNS	SEQUANS COMMUNICATIONS	$0.50	129,489	84.13%	0.50	0.51	0.50	1.49	2.15	43.73	33.80	36.13	39.18	35.64	-0.03	-0.04	0.01	0.97
SYNA	SYNAPTICS INC	$92.82	303,622	6.21%	90.76	88.58	93.19	100.46	96.87	56.03	79.52	68.16	83.12	65.20	-0.15	-0.89	0.74	1.57
MRVL	MARVELL TECHNOLOGY INC	$73.08	16,991,425	73.69%	69.15	67.38	69.02	68.19	61.55	61.23	82.23	78.54	89.13	84.32	0.47	-0.13	0.60	1.58
ALAB	ASTERA LABS INC	$73.00	2,169,000	-20.94%	73.37	74.38	N/A	N/A	N/A	49.56	36.22	29.89	28.71	20.58	N/A	N/A	N/A	2.62
POET	POET TECHNOLOGIES INC	$2.27	571,328	-27.97%	2.20	2.17	1.61	1.40	1.99	56.81	31.80	35.06	23.92	22.05	0.22	0.23	-0.02	0.88
NA	NANO LABS LTD	$0.59	134,660	35.35%	0.58	0.55	1.12	1.38	1.36	41.14	36.55	38.71	72.55	71.51	-0.13	-0.17	0.04	1.06
LEDS	SEMILEDS CORP	$1.55	85,910	774.05%	1.46	1.51	1.50	1.46	1.54	55.20	42.79	28.33	74.27	46.10	-0.02	-0.01	-0.00	0.72
WISA	WISA TECHNOLOGIES INC	$3.33	1,341,908	-83.80%	3.70	4.55	4.26	8.40	40.64	42.74	16.19	17.09	29.46	30.94	-0.39	-0.26	-0.13	0.66
GCTS	GCT SEMICONDUCTOR HOLDING INC	$5.33	124,320	-1.90%	5.90	5.30	9.59	10.11	10.36	43.67	40.07	46.11	47.40	54.69	-0.88	-1.19	0.31	0.75
MOBX	MOBIX LABS INC	$2.71	14,878	-71.45%	19.83	19.82	20.15	20.31	19.99	47.65	38.55	27.39	56.37	41.31	-0.09	-0.11	0.02	-0.00

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 69, which is 39 points higher than the semiconductor industry average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 10.17% over the past year, underperforming other semiconductor stocks by -40 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.95% from Rambus's current stock price of $57.94.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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 27 points higher than the semiconductor industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Skyworks Solutions has seen its stock lose -2.43% over the past year, underperforming other semiconductor stocks by -52 percentage points.

Skyworks Solutions has an average 1 year price target of $105.46, an upside of 12.08% from Skyworks Solutions's current stock price of $94.09.

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. Analog Devices (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI) is the third best semiconductor stock with a Zen Score of 55, which is 25 points higher than the semiconductor industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Analog Devices has seen its stock return 17.14% over the past year, underperforming other semiconductor stocks by -33 percentage points.

Analog Devices has an average 1 year price target of $219.83, an upside of 2.67% from Analog Devices's current stock price of $214.12.

Analog Devices stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Analog Devices, 58.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% 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 153.01%, which is 143 percentage points higher than the semiconductor industry average of 9.56%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

2. United Microelectronics (NYSE:UMC)

United Microelectronics (NYSE:UMC) has an annual dividend yield of 7.26%, which is -2 percentage points lower than the semiconductor industry average of 9.56%. 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.

3. Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 7.22%, which is -2 percentage points lower than the semiconductor industry average of 9.56%. 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.

Why are semiconductor stocks down?

Semiconductor stocks were down -0.91% in the last day, and up 4.85% over the last week.

We couldn't find a catalyst for why semiconductor stocks are down.

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 74 points higher than the semiconductor industry average of 26. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -2.43% in the past year. It has underperformed other stocks in the semiconductor industry by -52 percentage points.

2. Rambus (NASDAQ:RMBS)

Rambus (NASDAQ:RMBS) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Rambus has a valuation score of 86, which is 60 points higher than the semiconductor industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Rambus's stock has gained 10.17% in the past year. It has underperformed other stocks in the semiconductor industry by -40 percentage points.

3. Analog Devices (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Analog Devices has a valuation score of 71, which is 45 points higher than the semiconductor industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Analog Devices's stock has gained 17.14% in the past year. It has underperformed other stocks in the semiconductor industry by -33 percentage points.

Are semiconductor stocks a good buy now?

54.9% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 9.05% 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 67.72x.

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. Analog Devices (NASDAQ:ADI)

1. Wisekey International Holding Sa (NASDAQ:WKEY)

2. United Microelectronics (NYSE:UMC)

3. Himax Technologies (NASDAQ:HIMX)

1. Skyworks Solutions (NASDAQ:SWKS)

2. Rambus (NASDAQ:RMBS)

3. Analog Devices (NASDAQ:ADI)

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