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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
RMBS
RAMBUS INC
$5.69B36.10%29.50%16.14%29.80%0.217.0877.60%72.40%40.91%
QCOM
QUALCOMM INC
$183.15B37.40%16.30%21.05%24.70%1.172.6555.80%23.00%25.46%
ADI
ANALOG DEVICES INC
$96.15B7.90%5.70%7.32%24.80%0.361.5162.50%24.30%28.78%
SWKS
SKYWORKS SOLUTIONS INC
$14.49B13.90%10.20%12.44%20.40%0.315.1941.20%18.80%21.13%
AMD
ADVANCED MICRO DEVICES INC
$233.19B2.00%1.60%1.32%5.80%0.212.6446.80%4.90%3.56%
TSEM
TOWER SEMICONDUCTOR LTD
$3.58B23.70%19.10%20.94%23.70%0.206.1724.80%36.40%38.89%
CRUS
CIRRUS LOGIC INC
$4.53B10.30%8.30%12.10%20.60%0.236.6450.80%9.80%13.78%
ON
ON SEMICONDUCTOR CORP
$29.69B28.70%16.50%22.83%26.40%0.662.8846.80%26.70%31.76%
UMC
UNITED MICROELECTRONICS CORP
$18.92B17.60%11.10%15.29%20.00%0.592.1334.90%26.80%30.56%
MRAM
EVERSPIN TECHNOLOGIES INC
$158.98M19.00%15.10%15.55%33.60%0.256.5958.40%14.20%14.27%
AVGO
BROADCOM INC
$575.97B33.60%11.80%9.39%28.70%1.531.3467.10%29.90%38.06%
HIMX
HIMAX TECHNOLOGIES INC
$868.38M5.90%3.10%5.53%4.40%0.911.6927.90%5.40%5.47%
ALGM
ALLEGRO MICROSYSTEMS INC
$5.56B21.00%16.80%17.40%33.20%0.384.5756.10%20.60%23.32%
NXPI
NXP SEMICONDUCTORS NV
$63.78B33.10%11.80%17.97%22.30%1.612.3657.00%21.20%27.59%
FORM
FORMFACTOR INC
$3.41B9.70%7.90%9.19%14.60%0.224.3839.00%12.40%13.53%
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.40B7.20%5.40%7.68%13.20%0.373.7342.30%8.30%9.55%
MCHP
MICROCHIP TECHNOLOGY INC
$47.98B34.40%14.40%24.58%34.70%1.280.9867.00%27.60%36.98%
MPWR
MONOLITHIC POWER SYSTEMS INC
$31.76B22.50%18.60%23.00%32.70%0.197.7456.10%23.50%27.78%
NVDA
NVIDIA CORP
$2.08T92.80%55.70%61.85%78.30%0.534.1772.70%48.80%55.93%
LSCC
LATTICE SEMICONDUCTOR CORP
$9.24B33.80%27.30%23.20%61.20%0.204.1869.50%31.40%24.55%
VSH
VISHAY INTERTECHNOLOGY INC
$3.06B14.90%7.70%13.83%16.30%0.933.3228.60%9.50%14.43%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$699.85B26.10%16.10%21.62%25.00%0.612.3354.40%39.40%45.89%
GFS
GLOBALFOUNDRIES INC
$26.04B9.60%5.70%8.18%8.00%0.622.0428.40%13.80%16.54%
TXN
TEXAS INSTRUMENTS INC
$159.52B35.60%18.20%22.87%21.10%1.054.9161.00%35.20%42.65%
NVTS
NAVITAS SEMICONDUCTOR CORP
$765.41M-38.50%-30.70%-33.54%-511.10%0.284.1439.10%-183.00%-183.69%
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.14B7.90%4.60%6.82%7.10%0.617.2458.00%11.90%16.88%
DIOD
DIODES INC
$3.26B13.60%9.70%14.19%18.90%0.323.0239.60%13.70%16.86%
VLN
VALENS SEMICONDUCTOR LTD
$243.00M-12.00%-10.80%-15.30%-16.80%0.1010.9762.50%-23.40%-29.93%
NVEC
NVE CORP
$393.41M25.80%25.30%31.13%33.50%0.0232.0577.30%57.50%68.67%
POWI
POWER INTEGRATIONS INC
$3.74B7.30%6.60%5.95%7.50%0.0910.4751.50%12.50%10.33%
ALAB
ASTERA LABS INC
N/AN/AN/A-14.23%N/A-0.405.3068.90%-22.70%-19.82%
SITM
SITIME CORP
$1.98B-11.30%-10.10%-9.68%-12.20%0.345.1357.00%-55.90%-55.82%
INTC
INTEL CORP
$129.29B3.90%2.10%0.38%0.40%0.771.5741.50%7.40%1.14%
IMOS
CHIPMOS TECHNOLOGIES INC
$1.01B8.00%4.30%6.55%5.90%0.863.3816.60%9.20%11.87%
AIP
ARTERIS INC
$236.56M-153.90%-35.20%-62.02%-97.40%5.811.2690.50%-68.70%-65.18%
QUIK
QUICKLOGIC CORP
$202.86M-1.90%-0.70%0.39%0.80%1.831.1768.30%-1.20%0.33%
SLAB
SILICON LABORATORIES INC
$3.79B-8.60%-7.30%-8.18%-14.80%0.155.8056.40%-16.40%-15.70%
CEVA
CEVA INC
$468.18M-4.60%-3.90%-0.59%-0.90%0.157.7988.00%-12.20%-1.69%
MX
MAGNACHIP SEMICONDUCTOR CORP
$187.86M-10.10%-8.20%-12.51%-20.80%0.225.2322.40%-15.90%-20.31%
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$595.83M-1.90%-1.40%-1.24%-1.40%0.322.5226.60%-2.70%-1.97%
STM
STMICROELECTRONICS NV
$34.97B23.10%15.70%18.37%21.00%0.463.3446.20%22.30%23.83%
ICG
INTCHAINS GROUP LTD
$456.13M-2.80%-2.80%-3.74%-15.70%0.0328.3211.00%-32.60%-43.24%
LAES
SEALSQ CORP
$20.33M-124.70%-13.20%-12.25%-9.60%4.552.3346.70%-10.90%-7.83%
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$16.66M-102.40%-61.40%-144.72%-178.40%1.091.4947.80%-131.30%-141.17%
SELX
SEMILUX INTERNATIONAL LTD
$92.85MN/A-0.40%-0.82%-0.10%0.522.6732.10%-11.50%-2.18%
MU
MICRON TECHNOLOGY INC
$121.48B-8.50%-5.80%-6.18%-5.80%0.503.74-0.30%-20.60%-20.08%
LASR
NLIGHT INC
$537.21M-15.90%-13.10%-16.05%-18.80%0.216.7322.00%-19.90%-20.96%
GSIT
GSI TECHNOLOGY INC
$99.41M-42.70%-36.10%-47.70%-142.40%0.243.7555.30%-89.70%-88.12%
MXL
MAXLINEAR INC
$1.58B-22.40%-14.20%-18.85%-36.40%0.621.9954.60%-28.70%-28.15%
WOLF
WOLFSPEED INC
$3.28B-52.60%-11.30%-11.36%-10.50%5.345.1321.30%-86.50%-86.40%
PRSO
PERASO INC
$3.01M-166.70%-104.50%-271.42%-228.80%1.621.2213.60%-122.20%-122.00%
ASX
ASE TECHNOLOGY HOLDING CO LTD
$8.71B10.90%4.60%10.06%9.00%1.271.1916.00%5.40%7.80%
PXLW
PIXELWORKS INC
$99.99M-140.80%-25.50%-30.86%-119.60%2.475.2643.10%-43.90%-43.26%
SYNA
SYNAPTICS INC
$3.44B-6.20%-3.00%-1.28%-2.20%1.114.5347.60%-7.50%-2.89%
SKYT
SKYWATER TECHNOLOGY INC
$477.06M-52.90%-10.20%-11.85%-8.80%4.771.0220.70%-10.70%-7.13%
SGH
SMART GLOBAL HOLDINGS INC
$942.39M-58.70%-12.70%-16.67%-16.20%2.733.3031.80%-18.00%-18.84%
QRVO
QORVO INC
$10.80B-5.60%-3.20%-1.58%-2.20%0.841.9035.30%-6.10%-2.48%
ARM
ARM HOLDINGS PLC
$97.97BN/AN/AN/AN/A0.424.19N/AN/AN/A
CSLR
COMPLETE SOLARIA INC
$30.24MN/A-233.80%413.09%-505.20%-1.620.3520.30%-307.70%-291.66%
EMKR
EMCORE CORP
$20.10M-74.00%-43.40%-64.00%-56.80%0.793.1127.30%-71.60%-71.06%
MRVL
MARVELL TECHNOLOGY INC
$55.27B-6.10%-4.30%-2.92%-8.20%0.431.6941.60%-16.90%-10.31%
SMTC
SEMTECH CORP
$2.43B-387.70%-54.40%-81.77%-50.80%-5.472.4634.10%-125.70%-108.86%
POET
POET TECHNOLOGIES INC
$114.29M-207.60%-160.40%-323.63%-594.40%0.781.25100.00%-4,351.30%-4,336.23%
SQNS
SEQUANS COMMUNICATIONS
$30.29M-1,317.40%-39.70%-1,034.45%-89.40%-19.330.3571.80%-122.10%-80.56%
NA
NANO LABS LTD
$46.35M-337.80%-70.50%-235.55%-217.80%-24.880.52-132.10%-322.70%-323.94%
LEDS
SEMILEDS CORP
$11.19M-162.30%-21.00%-46.55%-28.10%2.930.9711.30%-49.30%-44.21%
WISA
WISA TECHNOLOGIES INC
$8.67M-1,072.80%-314.90%-1,499.58%-569.50%-1.891.12-166.00%-1,204.10%-853.82%
MOBX
MOBIX LABS INC
$85.68MN/AN/AN/AN/A8.500.74N/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$63.33MN/A-1.60%-1.72%-0.50%-1.020.04N/AN/AN/A

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 67, which is 35 points higher than the semiconductor industry average of 32. It passed 21 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 16.5% over the past year, underperforming other semiconductor stocks by -16 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 61.14% from Rambus's current stock price of $52.75.

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 27 points higher than the semiconductor industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Qualcomm has seen its stock return 41.67% over the past year, overperforming other semiconductor stocks by 9 percentage points.

Qualcomm has an average 1 year price target of $172.93, an upside of 5.38% from Qualcomm's current stock price of $164.11.

Qualcomm stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Qualcomm, 73.33% have issued a Strong Buy rating, 0% have issued a Buy, 26.67% 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 26 points higher than the semiconductor industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Analog Devices has seen its stock return 6.22% over the past year, underperforming other semiconductor stocks by -26 percentage points.

Analog Devices has an average 1 year price target of $211.18, an upside of 8.92% from Analog Devices's current stock price of $193.89.

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 153.01%, which is 143 percentage points higher than the semiconductor industry average of 9.74%.

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 9.66%, which is the same as the semiconductor industry average of 9.74%. 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 7.76%, which is -2 percentage points lower than the semiconductor industry average of 9.74%. 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 77.6% indicates that its high dividend yield is sustainable for the long-term.

Why are semiconductor stocks down?

Semiconductor stocks were down -3.63% in the last day, and up 0.44% over the last week. Skyworks Solutions was the among the top losers in the semiconductors industry, dropping -15.28% yesterday.

Skyworks Solutions shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance with the midpoint below estimates.

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 72 points higher than the semiconductor industry average of 28. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -14.46% in the past year. It has underperformed other stocks in the semiconductor industry by -47 percentage points.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 72 points higher than the semiconductor industry average of 28. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -24.58% in the past year. It has underperformed other stocks in the semiconductor industry by -57 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 86, which is 58 points higher than the semiconductor industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Analog Devices's stock has gained 6.22% in the past year. It has underperformed other stocks in the semiconductor industry by -26 percentage points.

Are semiconductor stocks a good buy now?

52.94% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 20.46% 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 52.49x.
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.