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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
NVDA
NVIDIA CORP
$3.18T$129.24$133.042.94%Strong Buy3530.32%28.73%180.46%115.07%
RMBS
RAMBUS INC
$7.11B$65.99$81.6723.76%Strong Buy321.32%-11.31%29.02%23.81%
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.70B$80.69$95.7118.62%Strong Buy719.72%62.98%N/AN/A
MPWR
MONOLITHIC POWER SYSTEMS INC
$41.65B$855.67$839.80-1.85%Strong Buy517.17%25.76%36.82%30.18%
AMD
ADVANCED MICRO DEVICES INC
$293.54B$181.61$199.339.76%Strong Buy2717.94%100.44%18.67%15.45%
ON
ON SEMICONDUCTOR CORP
$33.07B$76.87$84.6810.17%Strong Buy192.06%5.30%39.14%23.58%
ARM
ARM HOLDINGS PLC
$188.49B$181.18$129.93-28.29%Buy1522.87%81.57%34.78%23.23%
CRUS
CIRRUS LOGIC INC
$7.34B$136.96$117.50-14.21%Strong Buy65.62%5.23%16.54%13.47%
QCOM
QUALCOMM INC
$225.91B$202.43$198.64-1.87%Strong Buy227.45%8.28%43.91%20.21%
TSEM
TOWER SEMICONDUCTOR LTD
$4.62B$41.72$49.5018.66%Strong Buy22.36%-62.47%7.61%6.29%
NXPI
NXP SEMICONDUCTORS NV
$71.64B$280.19$297.406.14%Buy155.00%13.45%52.19%19.76%
LSCC
LATTICE SEMICONDUCTOR CORP
$8.30B$60.35$80.6333.60%Strong Buy86.02%-0.42%37.68%31.54%
ADI
ANALOG DEVICES INC
$118.38B$238.56$252.005.63%Strong Buy184.75%32.75%N/AN/A
VSH
VISHAY INTERTECHNOLOGY INC
$3.19B$23.21$25.007.71%Strong Buy13.39%-2.70%25.41%13.00%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$971.67B$187.35$197.005.15%Strong Buy421.50%22.87%220.28%138.37%
MCHP
MICROCHIP TECHNOLOGY INC
$49.72B$92.61$102.2910.46%Strong Buy172.92%16.16%35.24%14.78%
SWKS
SKYWORKS SOLUTIONS INC
$18.02B$112.33$106.82-4.91%Buy11-2.24%2.03%17.43%13.34%
QUIK
QUICKLOGIC CORP
$167.03M$11.58$16.0038.17%Buy119.19%175.00%23.99%10.28%
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$8.13B$112.81$118.575.11%Strong Buy713.61%67.38%20.07%12.52%
POWI
POWER INTEGRATIONS INC
$4.27B$75.14$78.504.47%Buy213.74%23.25%13.69%12.54%
AVGO
BROADCOM INC
$791.64B$1,700.67$1.86k9.35%Strong Buy2314.81%33.73%N/AN/A
MRAM
EVERSPIN TECHNOLOGIES INC
$140.10M$6.51$9.0038.25%Buy2N/AN/AN/AN/A
NVTS
NAVITAS SEMICONDUCTOR CORP
$873.39M$4.77$7.0046.75%Buy529.35%N/A-13.80%-11.74%
TXN
TEXAS INSTRUMENTS INC
$183.80B$201.87$182.47-9.61%Hold195.40%3.51%46.86%22.81%
FORM
FORMFACTOR INC
$4.60B$59.63$53.29-10.64%Buy79.91%-10.25%12.53%10.34%
DIOD
DIODES INC
$3.89B$84.40$72.00-14.69%Hold3-11.32%-51.49%10.70%7.94%
NVEC
NVE CORP
$372.68M$77.10N/AN/AN/AN/AN/AN/AN/AN/A
VLN
VALENS SEMICONDUCTOR LTD
$286.13M$2.75$4.0045.45%Strong Buy157.82%N/AN/AN/A
GFS
GLOBALFOUNDRIES INC
$30.26B$54.48$58.226.87%Buy98.07%20.06%12.94%7.89%
STM
STMICROELECTRONICS NV
$38.52B$42.67$50.4018.12%Buy2-1.39%-15.17%19.40%13.27%
ALGM
ALLEGRO MICROSYSTEMS INC
$6.09B$31.43$35.1711.89%Strong Buy66.88%N/AN/AN/A
SITM
SITIME CORP
$3.51B$153.40$130.00-15.25%Buy230.74%N/AN/AN/A
INTC
INTEL CORP
$146.82B$34.49$38.7612.38%Hold238.06%11.01%6.99%3.84%
CEVA
CEVA INC
$477.30M$20.24$24.0018.58%Buy26.90%N/A-1.98%-1.72%
HIMX
HIMAX TECHNOLOGIES INC
$1.43B$8.21N/AN/AN/AN/AN/AN/AN/AN/A
SLAB
SILICON LABORATORIES INC
$3.87B$121.20$135.0011.39%Buy418.76%N/A5.48%4.75%
UMC
UNITED MICROELECTRONICS CORP
$20.85B$8.32$8.906.97%Hold1N/AN/A93.41%62.25%
IMOS
CHIPMOS TECHNOLOGIES INC
$975.59M$26.83N/AN/AN/AN/AN/AN/AN/AN/A
MU
MICRON TECHNOLOGY INC
$148.09B$133.55$168.4826.15%Strong Buy2131.55%N/A14.92%9.96%
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$1.21B$42.31$37.67-10.97%Buy38.19%N/AN/AN/A
MX
MAGNACHIP SEMICONDUCTOR CORP
$194.40M$5.08$8.0057.48%Strong Buy26.41%N/A-12.60%-9.52%
POET
POET TECHNOLOGIES INC
$149.38M$3.10N/AN/AN/AN/A1,017.99%N/A296.89%179.68%
LAES
SEALSQ CORP
$13.61M$0.79N/AN/AN/AN/AN/AN/AN/AN/A
WOLF
WOLFSPEED INC
$3.12B$24.77$32.1829.92%Buy1135.93%N/AN/AN/A
PRSO
PERASO INC
$4.36M$1.62$3.88139.20%Strong Buy252.35%N/A-147.23%-85.50%
QRVO
QORVO INC
$11.74B$122.80$107.09-12.79%Hold117.52%N/A33.69%18.28%
PXLW
PIXELWORKS INC
$60.12M$1.04$2.50140.38%Strong Buy3-23.97%N/A-171.28%-17.63%
SKYT
SKYWATER TECHNOLOGY INC
$358.44M$7.57$13.2575.03%Strong Buy49.98%N/A-2.77%-0.45%
MXL
MAXLINEAR INC
$1.88B$22.60$27.6722.42%Strong Buy34.08%N/A8.60%5.32%
ASX
ASE TECHNOLOGY HOLDING CO LTD
$10.45B$11.90N/AN/AN/AN/AN/A-44.99%41.30%17.63%
AIP
ARTERIS INC
$316.30M$8.22$13.6766.27%Buy313.39%N/A-249.92%-23.54%
LASR
NLIGHT INC
$568.40M$11.95$16.0033.89%Buy27.50%N/A-14.79%-11.94%
EMKR
EMCORE CORP
$11.33M$1.37N/AN/AN/AN/AN/AN/A-3.07%-1.71%
SYNA
SYNAPTICS INC
$3.60B$91.02$116.1327.58%Strong Buy816.51%N/A3.85%1.87%
SMTC
SEMTECH CORP
$2.32B$35.86$51.0042.22%Strong Buy911.85%N/A-17.41%3.96%
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$19.86M$2.18$4.0083.49%Buy1N/AN/A-98.02%-54.70%
LEDS
SEMILEDS CORP
$9.79M$1.36N/AN/AN/AN/AN/AN/AN/AN/A
ICG
INTCHAINS GROUP LTD
$449.41M$7.50$10.0033.39%Strong Buy1N/AN/AN/AN/A
GSIT
GSI TECHNOLOGY INC
$75.58M$2.97N/AN/AN/AN/AN/AN/AN/AN/A
SQNS
SEQUANS COMMUNICATIONS
$35.38M$0.57N/AN/AN/AN/A34.08%N/AN/A-58.89%
SGH
SMART GLOBAL HOLDINGS INC
$1.53B$28.90$29.883.37%Strong Buy415.81%N/A16.99%4.65%
MRVL
MARVELL TECHNOLOGY INC
$63.70B$73.59$89.3121.36%Strong Buy2616.86%N/A15.99%11.30%
ALAB
ASTERA LABS INC
$8.70B$55.89$86.0954.04%Strong Buy11N/AN/A11.04%10.32%
NA
NANO LABS LTD
$26.99M$0.41N/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$12.92M$2.77N/AN/AN/AN/AN/AN/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$241.84M$5.27N/AN/AN/AN/AN/AN/AN/AN/A
MOBX
MOBIX LABS INC
$40.43M$1.49N/AN/AN/AN/AN/AN/AN/AN/A

Semiconductor Stocks FAQ

What are the best semiconductor stocks to buy right now in Jul 2024?

According to Zen Score, the 3 best semiconductor stocks to buy right now are:

1. Nvidia (NASDAQ:NVDA)


Nvidia (NASDAQ:NVDA) is the top semiconductor stock with a Zen Score of 67, which is 36 points higher than the semiconductor industry average of 31. It passed 27 out of 38 due diligence checks and has strong fundamentals. Nvidia has seen its stock return 194.38% over the past year, overperforming other semiconductor stocks by 166 percentage points.

Nvidia has an average 1 year price target of $133.04, an upside of 2.94% from Nvidia's current stock price of $129.24.

Nvidia stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 35 analysts covering Nvidia, 65.71% have issued a Strong Buy rating, 28.57% have issued a Buy, 5.71% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the second best semiconductor stock with a Zen Score of 57, which is 26 points higher than the semiconductor industry average of 31. It passed 18 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 7.48% over the past year, underperforming other semiconductor stocks by -21 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 23.76% from Rambus's current stock price of $65.99.

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.

3. Silicon Motion Technology (NASDAQ:SIMO)


Silicon Motion Technology (NASDAQ:SIMO) is the third best semiconductor stock with a Zen Score of 56, which is 25 points higher than the semiconductor industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Silicon Motion Technology has seen its stock return 26.77% over the past year, underperforming other semiconductor stocks by -1 percentage points.

Silicon Motion Technology has an average 1 year price target of $95.71, an upside of 18.62% from Silicon Motion Technology's current stock price of $80.69.

Silicon Motion Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Silicon Motion Technology, 57.14% have issued a Strong Buy rating, 42.86% have issued a Buy, 0% 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 20 semiconductor stocks that have issued dividends in the past year, the 3 semiconductor stocks with the highest dividend yields are:

1. United Microelectronics (NYSE:UMC)


United Microelectronics (NYSE:UMC) has an annual dividend yield of 5.57%, which is 4 percentage points higher than the semiconductor industry average of 1.99%. United Microelectronics's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. United Microelectronics's dividend has shown consistent growth over the last 10 years.

2. Nve (NASDAQ:NVEC)


Nve (NASDAQ:NVEC) has an annual dividend yield of 5.19%, which is 3 percentage points higher than the semiconductor industry average of 1.99%. Nve's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Nve's dividend has not shown consistent growth over the last 10 years.

Nve's dividend payout ratio of 113% indicates that its high dividend yield might not be sustainable for the long-term.

3. Chipmos Technologies (NASDAQ:IMOS)


Chipmos Technologies (NASDAQ:IMOS) has an annual dividend yield of 4.14%, which is 2 percentage points higher than the semiconductor industry average of 1.99%. Chipmos Technologies's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Chipmos Technologies's dividend has not shown consistent growth over the last 10 years.

Chipmos Technologies's dividend payout ratio of 85.9% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor stocks up?

Semiconductor stocks were up 1.19% in the last day, and up 2.26% over the last week. Alpha & Omega Semiconductor was the among the top gainers in the semiconductors industry, gaining 6.79% yesterday.

Shares of semiconductor stocks are trading higher amid overall market strength as investors assess mixed inflation data this week.

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 71, which is 48 points higher than the semiconductor industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -0.46% in the past year. It has underperformed other stocks in the semiconductor industry by -28 percentage points.

2. Silicon Motion Technology (NASDAQ:SIMO)


Silicon Motion Technology (NASDAQ:SIMO) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Silicon Motion Technology has a valuation score of 71, which is 48 points higher than the semiconductor industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Silicon Motion Technology's stock has gained 26.77% in the past year. It has underperformed other stocks in the semiconductor industry by -1 percentage points.

3. Cirrus Logic (NASDAQ:CRUS)


Cirrus Logic (NASDAQ:CRUS) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Cirrus Logic has a valuation score of 57, which is 34 points higher than the semiconductor industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Cirrus Logic's stock has gained 65.37% in the past year. It has overperformed other stocks in the semiconductor industry by 37 percentage points.

Are semiconductor stocks a good buy now?

56.6% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 5.34% 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 79.49x.
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.