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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
Ticker
Company
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
RMBS
RAMBUS INC
$57.25-2.50%-4.18%-5.36%-15.26%-2.92%15.84%187.26%387.65%365.07%$76.38$43.5825.05%31.37%1.251,297,75853.82%
QCOM
QUALCOMM INC
$164.32-2.53%-3.83%-1.56%17.94%46.45%37.64%21.49%107.79%102.07%$177.59$101.477.47%61.94%1.338,074,46328.93%
ADI
ANALOG DEVICES INC
$189.43-0.94%-3.51%-0.94%2.16%9.74%-0.07%20.73%65.59%258.43%$204.20$154.997.23%22.22%1.262,742,93821.40%
UMC
UNITED MICROELECTRONICS CORP
$7.59-0.91%-7.21%-6.41%-0.65%3.41%-10.18%-19.85%287.24%258.02%$8.97$6.7115.38%13.11%0.9511,493,16646.69%
ON
ON SEMICONDUCTOR CORP
$64.47-0.39%-6.88%-12.67%-10.79%-29.69%-17.78%56.98%185.39%574.37%$111.35$61.4742.10%4.88%1.766,573,15426.10%
SIMO
SILICON MOTION TECHNOLOGY CORP
$74.231.19%-6.70%0.51%16.73%34.57%14.69%12.97%73.72%342.64%$95.33$49.5022.13%49.96%0.84347,4848.88%
MRAM
EVERSPIN TECHNOLOGIES INC
$7.45-1.84%-4.36%-7.68%-12.15%-27.60%16.95%45.51%-16.48%N/A$10.50$6.2029.05%20.16%1.1847,201-17.26%
TSEM
TOWER SEMICONDUCTOR LTD
$31.59-0.66%-6.62%-2.71%9.46%43.72%-29.49%10.38%76.38%269.91%$45.87$21.4331.13%47.41%0.95596,01471.75%
CRUS
CIRRUS LOGIC INC
$85.25-0.65%-5.46%-4.11%10.71%19.45%-4.64%0.82%82.04%347.51%$95.87$65.0211.08%31.12%1.28264,6171.03%
FORM
FORMFACTOR INC
$42.97-3.05%-5.19%1.08%9.95%25.28%48.58%-10.24%134.55%618.56%$47.94$24.8810.36%72.71%1.48311,6102.48%
LSCC
LATTICE SEMICONDUCTOR CORP
$70.22-6.46%-7.29%-7.36%9.80%-8.14%-25.03%25.64%456.86%777.75%$98.30$51.9628.57%35.16%1.572,416,985112.84%
NVEC
NVE CORP
$82.20-2.04%-1.79%-0.57%16.15%0.57%-0.94%17.43%-19.96%48.75%$100.19$64.1417.96%28.16%1.0016,4885.05%
SWKS
SKYWORKS SOLUTIONS INC
$98.47-0.55%-4.18%-4.48%-1.75%2.94%-10.97%-47.02%8.00%172.92%$115.69$85.0614.88%15.77%1.442,166,77922.13%
ALGM
ALLEGRO MICROSYSTEMS INC
$27.180.67%0.55%-2.16%6.34%-11.29%-37.32%5.96%N/AN/A$53.05$24.6648.77%10.24%1.641,184,529-2.41%
AVGO
BROADCOM INC
$1,282.63-3.49%-3.01%3.67%16.21%45.03%104.45%177.63%300.16%2,006.47%$1.44k$601.2910.82%113.31%1.332,421,99331.22%
AMD
ADVANCED MICRO DEVICES INC
$154.02-5.78%-7.85%-19.21%-3.84%46.49%71.38%89.89%460.28%4,073.98%$227.30$81.0232.24%90.10%1.5775,455,38937.01%
HIMX
HIMAX TECHNOLOGIES INC
$4.96-3.50%-7.81%-8.66%-13.89%-14.78%-31.49%-60.03%54.04%-45.61%$7.70$4.9535.58%0.20%1.18765,57420.82%
MCHP
MICROCHIP TECHNOLOGY INC
$85.07-1.00%-3.43%-3.42%2.08%7.81%5.62%10.46%71.39%259.48%$94.30$68.759.79%23.74%1.574,796,55340.31%
NXPI
NXP SEMICONDUCTORS NV
$226.92-1.63%-5.87%-4.10%10.43%14.77%30.03%16.51%124.30%289.90%$264.26$155.3114.13%46.11%1.471,921,09017.49%
NVDA
NVIDIA CORP
$840.35-3.87%-3.45%-5.00%49.92%91.26%211.22%447.04%1,694.78%18,010.99%$974.00$262.2513.72%220.44%1.7349,092,23133.34%
MPWR
MONOLITHIC POWER SYSTEMS INC
$637.72-2.72%-4.32%-5.42%9.13%33.82%32.21%72.54%311.19%1,655.35%$778.15$383.1918.05%66.42%1.70530,08845.51%
TXN
TEXAS INSTRUMENTS INC
$165.70-1.13%-1.91%-2.07%2.02%7.42%-7.97%-11.42%43.34%261.55%$188.12$139.4811.92%18.80%1.144,544,45134.10%
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$96.39-3.47%-3.09%5.83%13.31%21.55%51.39%61.65%482.42%414.08%$104.90$48.538.11%98.62%1.45691,555-4.63%
VSH
VISHAY INTERTECHNOLOGY INC
$21.09-1.13%-2.99%-1.54%-2.95%-11.76%-2.90%-18.45%3.48%44.06%$30.10$20.5729.92%2.53%1.31839,8740.87%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$139.03-0.55%-4.92%1.75%35.05%52.78%58.01%20.48%213.20%570.99%$158.40$81.2112.23%71.20%1.0618,627,14932.75%
GFS
GLOBALFOUNDRIES INC
$47.36-0.92%-4.03%-9.10%-13.69%-16.15%-27.42%N/AN/AN/A$68.57$46.7330.93%1.35%1.671,242,8615.74%
DIOD
DIODES INC
$67.16-1.78%-3.88%2.42%-1.09%-14.05%-21.24%-15.49%77.62%142.28%$97.37$60.0031.03%11.93%1.43457,87541.28%
NVTS
NAVITAS SEMICONDUCTOR CORP
$3.90-4.18%-9.51%-16.84%-35.75%-34.01%-42.73%-60.88%N/AN/A$11.17$3.8065.07%2.55%2.111,823,028-7.60%
VLN
VALENS SEMICONDUCTOR LTD
$2.370.00%-2.87%17.33%11.79%-4.82%-13.19%-76.37%N/AN/A$2.92$1.9118.70%24.08%0.66268,561-36.88%
ALAB
ASTERA LABS INC
$73.21-1.76%2.66%18.02%N/AN/AN/AN/AN/AN/A$95.21$50.6123.11%44.66%0.291,396,994-5.80%
POWI
POWER INTEGRATIONS INC
$65.59-1.87%-5.11%-5.80%-14.57%-13.84%-15.94%-18.42%70.16%113.58%$99.60$65.5834.15%0.02%1.38274,779-6.87%
STM
STMICROELECTRONICS NV
$40.330.00%-4.63%-9.53%-5.24%-5.82%-20.04%4.97%116.36%354.17%$55.85$37.2127.79%8.38%1.493,513,710-17.02%
SITM
SITIME CORP
$77.13-1.97%-6.05%-9.39%-32.87%-33.14%-38.29%-21.41%N/AN/A$141.99$76.6945.68%0.57%1.87124,121-12.55%
IMOS
CHIPMOS TECHNOLOGIES INC
$28.880.35%-6.66%-5.68%7.28%19.78%14.33%-11.84%61.16%N/A$32.19$21.5810.28%33.83%0.7410,145-35.39%
SLAB
SILICON LABORATORIES INC
$121.53-2.57%-6.40%-6.38%4.04%13.78%-27.67%-16.69%32.33%140.04%$171.47$74.5629.12%63.00%1.52267,22413.52%
INTC
INTEL CORP
$35.68-1.60%-4.09%-16.46%-22.54%-1.05%11.01%-43.93%-39.07%31.95%$51.28$26.8630.42%32.86%1.2140,957,19435.20%
AIP
ARTERIS INC
$6.75-3.71%-9.27%6.80%35.54%13.26%80.00%N/AN/AN/A$8.08$3.5716.46%89.08%1.64113,29311.54%
QUIK
QUICKLOGIC CORP
$12.48-1.81%-9.76%-34.80%-7.14%35.80%110.85%104.93%25.19%-82.45%$20.75$5.1039.86%144.95%0.98224,82367.49%
SKYT
SKYWATER TECHNOLOGY INC
$8.76-4.16%-11.87%-14.79%2.94%42.90%-11.34%-50.62%N/AN/A$12.97$4.7332.46%85.20%2.30265,3673.70%
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$20.66-3.23%-7.27%-1.24%-21.30%-26.84%-20.66%-31.00%54.87%182.63%$35.40$20.0341.64%3.15%1.6273,76520.52%
CEVA
CEVA INC
$19.53-4.31%-10.54%-13.58%-0.86%1.24%-31.30%-65.13%-18.63%12.24%$28.16$16.3830.65%19.23%1.41101,4220.92%
ASX
ASE TECHNOLOGY HOLDING CO LTD
$10.59-1.49%-3.29%-3.99%22.71%35.60%43.50%35.60%118.80%84.17%$11.68$6.709.33%58.06%1.177,347,04061.37%
MX
MAGNACHIP SEMICONDUCTOR CORP
$4.93-1.20%-8.53%-11.96%-26.85%-37.44%-46.59%-81.05%-40.10%-64.07%$11.68$4.9157.79%0.41%0.94295,070-30.53%
ICG
INTCHAINS GROUP LTD
$8.100.00%0.12%-14.61%-26.36%4.85%-7.22%N/AN/AN/A$14.22$5.8143.02%39.41%0.54773-17.24%
LAES
SEALSQ CORP
$1.06-4.50%-14.52%-39.43%-49.76%-28.38%N/AN/AN/AN/A$28.50$0.9196.28%16.48%0.47221,037-68.99%
MXL
MAXLINEAR INC
$20.56-4.01%-7.14%17.28%-0.63%-5.38%-35.55%-44.12%-25.64%131.01%$35.09$13.4341.41%53.09%1.73683,259-22.02%
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$2.14-1.83%-7.36%-13.71%-8.55%34.59%-63.73%-95.10%N/AN/A$10.45$1.3579.52%58.52%0.568,272-76.97%
PXLW
PIXELWORKS INC
$1.68-6.41%-19.62%-40.00%30.23%25.37%20.00%-45.28%-63.32%-69.06%$3.08$1.0145.45%66.34%1.28277,604-28.94%
SELX
SEMILUX INTERNATIONAL LTD
$1.57-2.48%-4.85%-12.78%-85.78%-85.53%-85.10%N/AN/AN/A$12.15$0.7787.08%103.10%-0.1414,558-75.67%
LASR
NLIGHT INC
$11.25-0.62%-5.94%-7.79%-13.39%15.15%20.06%-62.30%-53.65%N/A$15.91$8.1329.29%38.38%1.52164,416-4.56%
QRVO
QORVO INC
$109.95-1.08%-3.03%-1.20%10.07%18.53%17.44%-41.65%43.61%N/A$121.65$80.629.62%36.38%1.411,385,93844.69%
SYNA
SYNAPTICS INC
$83.32-4.08%-8.97%-15.02%-18.31%-13.81%-16.20%-36.85%115.46%34.04%$121.37$67.7331.35%23.02%1.57323,0940.77%
MU
MICRON TECHNOLOGY INC
$116.33-4.47%-4.80%24.05%39.69%68.59%86.01%31.58%169.59%386.53%$130.54$58.0310.89%100.47%1.4225,090,23945.00%
GSIT
GSI TECHNOLOGY INC
$3.61-7.44%-9.07%3.44%76.10%45.56%94.09%-45.05%-54.71%-47.91%$9.80$1.4763.16%145.58%0.91293,668-4.74%
WOLF
WOLFSPEED INC
$25.24-0.79%-7.88%0.76%-19.85%-29.06%-55.60%-76.99%-62.44%-55.36%$70.43$23.5464.16%7.22%1.813,698,981-34.48%
PRSO
PERASO INC
$1.561.30%11.43%-10.34%-70.57%-76.03%-91.88%-98.90%-99.03%-100.00%$52.80$1.2397.05%26.83%0.831,591,063-97.41%
SGH
SMART GLOBAL HOLDINGS INC
$18.46-5.19%-6.20%-18.96%-14.54%24.56%13.53%-33.27%68.82%N/A$29.99$12.6638.45%45.81%1.56906,595-33.41%
ARM
ARM HOLDINGS PLC
$107.56-11.99%-14.08%-17.10%53.97%105.70%N/AN/AN/AN/A$164.00$46.5034.41%131.31%2.8219,425,239380.73%
CSLR
COMPLETE SOLARIA INC
$0.26-3.77%-49.80%-48.07%-78.39%-81.65%-97.53%-97.41%N/AN/A$16.00$0.2098.41%27.50%0.15697,875100.80%
MRVL
MARVELL TECHNOLOGY INC
$66.48-2.64%-6.93%-1.07%1.71%25.03%64.31%42.51%167.31%325.88%$85.76$36.9022.48%80.16%1.589,739,22414.21%
EMKR
EMCORE CORP
$2.915.43%0.69%-23.42%-43.64%-38.87%-72.29%-95.37%-92.83%-94.04%$11.50$2.5374.69%15.02%0.88263,490-25.15%
SMTC
SEMTECH CORP
$32.86-0.24%-1.11%45.85%77.81%52.91%44.50%-52.36%-39.77%33.69%$35.80$13.138.21%150.27%1.522,166,003-15.83%
SQNS
SEQUANS COMMUNICATIONS
$0.53-9.91%3.13%7.33%-81.38%-80.77%-77.38%-90.88%-88.02%-94.12%$2.97$0.3482.26%54.09%0.97196,291119.57%
POET
POET TECHNOLOGIES INC
$1.06-4.41%-5.27%-17.11%14.09%-63.79%-72.44%-85.66%-55.79%-95.37%$5.88$0.7281.96%47.36%0.8626,124-65.21%
NA
NANO LABS LTD
$0.54-4.42%-72.02%-69.49%-65.61%-61.43%-52.21%N/AN/AN/A$4.75$0.5288.63%3.85%1.13512,143-38.51%
LEDS
SEMILEDS CORP
$1.601.27%7.38%8.11%22.14%-3.03%-23.59%-49.04%-48.39%-85.32%$3.47$1.0153.89%58.42%0.7244,765-77.04%
WISA
WISA TECHNOLOGIES INC
$9.2551.64%193.65%117.90%-43.43%-73.07%-96.05%-99.98%-100.00%N/A$402.00$1.6697.70%457.23%0.6766,458,985-66.53%
MOBX
MOBIX LABS INC
$2.001.01%-9.09%-0.50%-29.82%-81.98%-81.82%N/AN/AN/A$12.50$1.1784.00%70.94%-0.0330,490-15.23%
GCTS
GCT SEMICONDUCTOR HOLDING INC
$5.021.01%-32.16%-56.23%-52.60%-52.86%-51.73%N/AN/AN/A$56.00$4.8491.04%3.72%0.68365,991-35.91%

Semiconductor Stocks FAQ

What are the best semiconductor stocks to buy right now in Apr 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 67, which is 34 points higher than the semiconductor industry average of 33. It passed 21 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 15.84% over the past year, underperforming other semiconductor stocks by -10 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 48.47% from Rambus's current stock price of $57.25.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 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. Qualcomm (NASDAQ:QCOM)


Qualcomm (NASDAQ:QCOM) is the second best semiconductor stock with a Zen Score of 59, which is 26 points higher than the semiconductor industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Qualcomm has seen its stock return 37.64% over the past year, overperforming other semiconductor stocks by 12 percentage points.

Qualcomm has an average 1 year price target of $169.54, an upside of 3.18% from Qualcomm's current stock price of $164.32.

Qualcomm stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Qualcomm, 69.23% have issued a Strong Buy rating, 0% have issued a Buy, 30.77% have issued a hold, while 0% have issued a Sell rating, and 0% 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 58, which is 25 points higher than the semiconductor industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Analog Devices has seen its stock lose -0.07% over the past year, underperforming other semiconductor stocks by -25 percentage points.

Analog Devices has an average 1 year price target of $211.18, an upside of 11.48% from Analog Devices's current stock price of $189.43.

Analog Devices stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Analog Devices, 54.55% have issued a Strong Buy rating, 18.18% have issued a Buy, 27.27% 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 130.84%, which is 122 percentage points higher than the semiconductor industry average of 8.67%.

Wisekey International Holding Sa's dividend payout ratio of -36.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 9.68%, which is 1 percentage points higher than the semiconductor industry average of 8.67%. 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.

Himax Technologies's dividend payout ratio of 160% indicates that its high dividend yield might not be sustainable for the long-term.

3. United Microelectronics (NYSE:UMC)


United Microelectronics (NYSE:UMC) has an annual dividend yield of 7.72%, which is -1 percentage points lower than the semiconductor industry average of 8.67%. 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.

United Microelectronics's dividend payout ratio of 56.6% indicates that its high dividend yield is sustainable for the long-term.

Why are semiconductor stocks down?

Semiconductor stocks were down -2.83% in the last day, and down -4.35% over the last week. Arm Holdings was the among the top losers in the semiconductors industry, dropping -11.99% yesterday.

Shares of semiconductor stocks are trading lower. The sector may be down in sympathy with ASML, which reported worse-than-expected Q1 financial results.

What are the most undervalued semiconductor stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued semiconductor stocks right now are:

1. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 69 points higher than the semiconductor industry average of 31. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -31.49% in the past year. It has underperformed other stocks in the semiconductor industry by -57 percentage points.

2. Analog Devices (NASDAQ:ADI)


Analog Devices (NASDAQ:ADI) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Analog Devices has a valuation score of 86, which is 55 points higher than the semiconductor industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Analog Devices's stock has dropped -0.07% in the past year. It has underperformed other stocks in the semiconductor industry by -25 percentage points.

3. Silicon Motion Technology (NASDAQ:SIMO)


Silicon Motion Technology (NASDAQ:SIMO) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Silicon Motion Technology has a valuation score of 86, which is 55 points higher than the semiconductor industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Silicon Motion Technology's stock has gained 14.69% in the past year. It has underperformed other stocks in the semiconductor industry by -11 percentage points.

Are semiconductor stocks a good buy now?

49.02% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 18.8% 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 59.02x.
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.