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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	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
RMBS	RAMBUS INC	$5.90B	36.10%	29.50%	16.14%	29.80%	0.21	7.08	77.60%	72.40%	40.91%
ON	ON SEMICONDUCTOR CORP	$25.92B	30.50%	17.00%	23.65%	27.80%	0.70	2.71	47.10%	26.50%	31.61%
ADI	ANALOG DEVICES INC	$92.39B	7.90%	5.70%	7.32%	24.80%	0.36	1.51	62.50%	24.30%	28.78%
UMC	UNITED MICROELECTRONICS CORP	$18.71B	24.10%	14.90%	23.68%	31.30%	0.69	1.67	41.10%	31.60%	38.29%
QCOM	QUALCOMM INC	$178.76B	36.50%	15.50%	20.07%	22.60%	1.26	2.56	55.50%	21.40%	23.76%
FORM	FORMFACTOR INC	$3.12B	9.70%	7.90%	9.19%	14.60%	0.22	4.38	39.00%	12.40%	13.53%
SIMO	SILICON MOTION TECHNOLOGY CORP	$2.40B	24.80%	17.90%	27.35%	54.70%	0.31	4.29	49.20%	18.20%	22.48%
MRAM	EVERSPIN TECHNOLOGIES INC	$154.52M	19.00%	15.10%	15.55%	33.60%	0.25	6.59	58.40%	14.20%	14.27%
TSEM	TOWER SEMICONDUCTOR LTD	$3.54B	23.70%	19.10%	20.94%	23.70%	0.20	6.17	24.80%	36.40%	38.89%
CRUS	CIRRUS LOGIC INC	$4.56B	10.30%	8.30%	12.10%	20.60%	0.23	6.64	50.80%	9.80%	13.78%
LSCC	LATTICE SEMICONDUCTOR CORP	$9.09B	43.00%	32.90%	28.62%	74.40%	0.22	3.78	69.80%	35.10%	28.87%
NVEC	NVE CORP	$380.24M	32.30%	31.60%	37.73%	39.60%	0.02	36.08	78.70%	60.70%	70.98%
ALGM	ALLEGRO MICROSYSTEMS INC	$5.06B	21.00%	16.80%	17.40%	33.20%	0.38	4.57	56.10%	20.60%	23.32%
SWKS	SKYWORKS SOLUTIONS INC	$15.72B	15.10%	10.70%	13.62%	20.80%	0.32	5.02	42.50%	19.50%	22.33%
AMD	ADVANCED MICRO DEVICES INC	$240.17B	1.50%	1.30%	1.00%	4.60%	0.22	2.51	46.10%	3.80%	2.71%
NXPI	NXP SEMICONDUCTORS NV	$56.08B	33.60%	11.70%	17.93%	22.50%	1.78	1.91	56.90%	21.10%	27.34%
AVGO	BROADCOM INC	$567.44B	33.60%	11.80%	9.39%	28.70%	1.53	1.34	67.10%	29.90%	38.06%
HIMX	HIMAX TECHNOLOGIES INC	$852.65M	5.90%	3.10%	5.53%	4.40%	0.91	1.69	27.90%	5.40%	5.47%
MCHP	MICROCHIP TECHNOLOGY INC	$45.14B	34.40%	14.40%	24.58%	34.70%	1.28	0.98	67.00%	27.60%	36.98%
NVDA	NVIDIA CORP	$1.99T	92.80%	55.70%	61.85%	78.30%	0.53	4.17	72.70%	48.80%	55.93%
MPWR	MONOLITHIC POWER SYSTEMS INC	$29.23B	22.50%	18.60%	23.00%	32.70%	0.19	7.74	56.10%	23.50%	27.78%
MTSI	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC	$6.89B	7.90%	4.60%	6.82%	7.10%	0.61	7.24	58.00%	11.90%	16.88%
TXN	TEXAS INSTRUMENTS INC	$148.60B	40.20%	21.00%	26.77%	24.90%	0.91	4.56	62.90%	37.20%	44.36%
VSH	VISHAY INTERTECHNOLOGY INC	$2.89B	14.90%	7.70%	13.83%	16.30%	0.93	3.32	28.60%	9.50%	14.43%
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$672.94B	26.10%	16.10%	21.62%	25.00%	0.61	2.33	54.40%	39.40%	45.89%
GFS	GLOBALFOUNDRIES INC	$25.64B	9.60%	5.70%	7.19%	7.00%	0.63	2.04	28.40%	13.80%	14.53%
DIOD	DIODES INC	$3.12B	13.60%	9.70%	14.19%	18.90%	0.32	3.02	39.60%	13.70%	16.86%
NVTS	NAVITAS SEMICONDUCTOR CORP	$657.86M	-38.50%	-30.70%	-33.54%	-511.10%	0.28	4.14	39.10%	-183.00%	-183.69%
VLN	VALENS SEMICONDUCTOR LTD	$240.94M	-12.00%	-10.80%	-15.30%	-16.80%	0.10	10.97	62.50%	-23.40%	-29.93%
POWI	POWER INTEGRATIONS INC	$3.59B	7.30%	6.60%	5.95%	7.50%	0.09	10.47	51.50%	12.50%	10.33%
ALAB	ASTERA LABS INC	N/A	N/A	N/A	-14.23%	N/A	-0.40	5.30	68.90%	-22.70%	-19.82%
SITM	SITIME CORP	$1.67B	-11.30%	-10.10%	-9.68%	-12.20%	0.34	5.13	57.00%	-55.90%	-55.82%
STM	STMICROELECTRONICS NV	$35.43B	27.90%	18.70%	22.11%	26.20%	0.45	3.17	47.90%	24.40%	26.50%
IMOS	CHIPMOS TECHNOLOGIES INC	$1.01B	8.00%	4.30%	6.55%	5.90%	0.86	3.38	16.60%	9.20%	11.87%
SLAB	SILICON LABORATORIES INC	$3.80B	-2.70%	-2.10%	-1.64%	-2.90%	0.19	4.51	58.90%	-4.40%	-2.69%
INTC	INTEL CORP	$145.49B	1.70%	0.90%	0.09%	0.10%	0.77	1.54	40.00%	3.10%	0.27%
AIP	ARTERIS INC	$246.02M	-153.90%	-35.20%	-62.02%	-97.40%	5.81	1.26	90.50%	-68.70%	-65.18%
QUIK	QUICKLOGIC CORP	$169.36M	-1.90%	-0.70%	0.39%	0.80%	1.83	1.17	68.30%	-1.20%	0.33%
CEVA	CEVA INC	$446.91M	-4.60%	-3.90%	-0.59%	-0.90%	0.15	7.79	88.00%	-12.20%	-1.69%
AOSL	ALPHA & OMEGA SEMICONDUCTOR LTD	$559.63M	-1.90%	-1.40%	-1.24%	-1.40%	0.32	2.52	26.60%	-2.70%	-1.97%
MX	MAGNACHIP SEMICONDUCTOR CORP	$185.56M	-10.10%	-8.20%	-12.51%	-20.80%	0.22	5.23	22.40%	-15.90%	-20.31%
ASX	ASE TECHNOLOGY HOLDING CO LTD	$8.93B	12.40%	5.20%	10.66%	9.30%	1.20	1.16	15.80%	6.10%	8.08%
ICG	INTCHAINS GROUP LTD	$497.49M	-2.80%	-2.80%	-3.74%	-15.70%	0.03	28.32	11.00%	-32.60%	-43.24%
LAES	SEALSQ CORP	$19.47M	-124.70%	-13.20%	-12.25%	-9.60%	4.55	2.33	46.70%	-10.90%	-7.83%
MXL	MAXLINEAR INC	$1.62B	-10.20%	-6.40%	-6.19%	-12.40%	0.57	2.20	55.60%	-10.60%	-7.66%
WKEY	WISEKEY INTERNATIONAL HOLDING SA	$17.93M	-102.40%	-61.40%	-144.72%	-178.40%	1.09	1.49	47.80%	-131.30%	-141.17%
SELX	SEMILUX INTERNATIONAL LTD	$90.35M	N/A	-0.40%	-0.82%	-0.10%	0.52	2.67	32.10%	-11.50%	-2.18%
SKYT	SKYWATER TECHNOLOGY INC	$408.03M	-52.90%	-10.20%	-11.85%	-8.80%	4.77	1.02	20.70%	-10.70%	-7.13%
SYNA	SYNAPTICS INC	$3.14B	-6.20%	-3.00%	-1.28%	-2.20%	1.11	4.53	47.60%	-7.50%	-2.89%
QRVO	QORVO INC	$10.34B	-5.60%	-3.20%	-1.58%	-2.20%	0.84	1.90	35.30%	-6.10%	-2.48%
MU	MICRON TECHNOLOGY INC	$120.84B	-8.50%	-5.80%	-6.18%	-5.80%	0.50	3.74	-0.30%	-20.60%	-20.08%
LASR	NLIGHT INC	$509.31M	-15.90%	-13.10%	-16.05%	-18.80%	0.21	6.73	22.00%	-19.90%	-20.96%
GSIT	GSI TECHNOLOGY INC	$89.29M	-42.70%	-36.10%	-47.70%	-142.40%	0.24	3.75	55.30%	-89.70%	-88.12%
WOLF	WOLFSPEED INC	$3.01B	-52.60%	-11.30%	-11.36%	-10.50%	5.34	5.13	21.30%	-86.50%	-86.40%
PRSO	PERASO INC	$2.87M	-166.70%	-104.50%	-271.42%	-228.80%	1.62	1.22	13.60%	-122.20%	-122.00%
PXLW	PIXELWORKS INC	$96.52M	-140.80%	-25.50%	-30.86%	-119.60%	2.47	5.26	43.10%	-43.90%	-43.26%
SGH	SMART GLOBAL HOLDINGS INC	$900.03M	-58.70%	-12.70%	-16.67%	-16.20%	2.73	3.30	31.80%	-18.00%	-18.84%
CSLR	COMPLETE SOLARIA INC	$19.10M	N/A	-233.80%	413.09%	-505.20%	-1.62	0.35	20.30%	-307.70%	-291.66%
ARM	ARM HOLDINGS PLC	$95.72B	N/A	N/A	N/A	N/A	0.42	4.19	N/A	N/A	N/A
MRVL	MARVELL TECHNOLOGY INC	$54.45B	-6.10%	-4.30%	-2.92%	-8.20%	0.43	1.69	41.60%	-16.90%	-10.31%
EMKR	EMCORE CORP	$20.41M	-74.00%	-43.40%	-64.00%	-56.80%	0.79	3.11	27.30%	-71.60%	-71.06%
SMTC	SEMTECH CORP	$2.07B	-387.70%	-54.40%	-81.77%	-50.80%	-5.47	2.46	34.10%	-125.70%	-108.86%
POET	POET TECHNOLOGIES INC	$53.11M	-207.60%	-160.40%	-323.63%	-594.40%	0.78	1.25	100.00%	-4,351.30%	-4,336.23%
SQNS	SEQUANS COMMUNICATIONS	$31.03M	-1,317.40%	-39.70%	-1,034.45%	-89.40%	-19.33	0.35	71.80%	-122.10%	-80.56%
NA	NANO LABS LTD	$29.62M	-337.80%	-70.50%	-235.55%	-217.80%	-24.88	0.52	-132.10%	-322.70%	-323.94%
LEDS	SEMILEDS CORP	$11.70M	-162.30%	-21.00%	-46.55%	-28.10%	2.93	0.97	11.30%	-49.30%	-44.21%
MOBX	MOBIX LABS INC	$51.36M	N/A	N/A	N/A	N/A	8.50	0.74	N/A	N/A	N/A
WISA	WISA TECHNOLOGIES INC	$7.23M	-1,072.80%	-314.90%	-1,499.58%	-569.50%	-1.89	1.12	-166.00%	-1,204.10%	-853.82%
GCTS	GCT SEMICONDUCTOR HOLDING INC	$55.29M	N/A	-1.60%	-1.72%	-0.50%	-1.02	0.04	N/A	N/A	N/A

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 12.57% over the past year, underperforming other semiconductor stocks by -12 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 55.31% from Rambus's current stock price of $54.73.

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. On Semiconductor (NASDAQ:ON)

On Semiconductor (NASDAQ:ON) is the second best semiconductor stock with a Zen Score of 61, which is 28 points higher than the semiconductor industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. On Semiconductor has seen its stock lose -18.46% over the past year, underperforming other semiconductor stocks by -43 percentage points.

On Semiconductor has an average 1 year price target of $82.53, an upside of 36.08% from On Semiconductor's current stock price of $60.65.

On Semiconductor stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering On Semiconductor, 40% have issued a Strong Buy rating, 13.33% have issued a Buy, 40% have issued a hold, while 6.67% 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 -0.35% over the past year, underperforming other semiconductor stocks by -24 percentage points.

Analog Devices has an average 1 year price target of $211.18, an upside of 13.35% from Analog Devices's current stock price of $186.31.

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 142.13%, which is 133 percentage points higher than the semiconductor industry average of 9.27%.

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 9.84%, which is 1 percentage points higher than the semiconductor industry average of 9.27%. 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 7.83%, which is -1 percentage points lower than the semiconductor industry average of 9.27%. 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 up?

Semiconductor stocks were up 1.99% in the last day, and down -6.23% over the last week. Wolfspeed was the among the top gainers in the semiconductors industry, gaining 7.94% yesterday.

Wolfspeed shares are trading higher following a report suggesting that Jana Partners urged the company to consider a possible sale and begin a comprehensive review of strategic alternatives.

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 -27.7% in the past year. It has underperformed other stocks in the semiconductor industry by -52 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 -0.35% in the past year. It has underperformed other stocks in the semiconductor industry by -24 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 14.25% in the past year. It has underperformed other stocks in the semiconductor industry by -10 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 24.14% 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 56.41x.

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.