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 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 Qorvo (NASDAQ:QRVO) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: B.
Qorvo (NASDAQ:QRVO) has a Due Diligence Score of 36, which is 5 points higher than the semiconductor industry average of 31.
QRVO passed 11 out of 33 due diligence checks and has average fundamentals. Qorvo has seen its stock lose -27.59% over the past year, underperforming other semiconductor stocks by -35 percentage points.
Qorvo has an average 1 year
price target of $99.10, an upside of 14.57% from Qorvo's current stock price of $86.50.
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. Semtech (NASDAQ:SMTC)
Semtech (NASDAQ:SMTC) is the #2 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 Semtech (NASDAQ:SMTC) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.
Semtech (NASDAQ:SMTC) has a Due Diligence Score of 16, which is -15 points lower than the semiconductor industry average of 31. Although this number is below the industry average, our proven quant model rates SMTC as a "B".
SMTC passed 5 out of 33 due diligence checks and has weak fundamentals. Semtech has seen its stock return 78.08% over the past year, overperforming other semiconductor stocks by 71 percentage points.
Semtech has an average 1 year
price target of $55.57, an upside of 3.46% from Semtech's current stock price of $53.71.
Semtech stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Semtech, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Penguin Solutions (NASDAQ:PENG)
The Component Grade breakdown for Penguin Solutions (NASDAQ:PENG) is: Value: A, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Penguin Solutions (NASDAQ:PENG) has a Due Diligence Score of 20, which is -11 points lower than the semiconductor industry average of 31. Although this number is below the industry average, our proven quant model rates PENG as a "B".
PENG passed 6 out of 33 due diligence checks and has weak fundamentals. Penguin Solutions has seen its stock return 7.48% over the past year.
Penguin Solutions has an average 1 year
price target of $27.83, an upside of 16.02% from Penguin Solutions's current stock price of $23.99.
Penguin Solutions stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Penguin Solutions, 50% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.