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Best Semiconductor Stocks to Buy Now (2022)

Top semiconductor stocks in 2022 ranked by overall Zen Score. See the best semiconductor stocks to buy now, according to analyst forecasts for the semiconductors industry.

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

Synaptics (NASDAQ:SYNA) is the top semiconductor stock with a Zen Score of 71, which is 29 points higher than the semiconductor industry average of 42. It passed 23 out of 33 due diligence checks and has strong fundamentals. Synaptics has seen its stock lose -64.05% over the past year, underperforming other semiconductor stocks by -35 percentage points.

Synaptics has an average 1 year price target of $169.44, an upside of 64.86% from Synaptics's current stock price of $102.78.

Synaptics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Synaptics, 44.44% have issued a Strong Buy rating, 33.33% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Silicon Motion Technology (NASDAQ:SIMO) is the second best semiconductor stock with a Zen Score of 68, which is 26 points higher than the semiconductor industry average of 42. It passed 25 out of 38 due diligence checks and has strong fundamentals. Silicon Motion Technology has seen its stock lose -11.83% over the past year, overperforming other semiconductor stocks by 17 percentage points.

Silicon Motion Technology has an average 1 year price target of $90.50, an upside of 42.36% from Silicon Motion Technology's current stock price of $63.57.

Silicon Motion Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Silicon Motion Technology, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Chipmos Technologies (NASDAQ:IMOS) is the third best semiconductor stock with a Zen Score of 63, which is 21 points higher than the semiconductor industry average of 42. It passed 22 out of 38 due diligence checks and has strong fundamentals. Chipmos Technologies has seen its stock lose -32.08% over the past year, underperforming other semiconductor stocks by -3 percentage points.

Out of 21 semiconductor stocks that have issued dividends in the past year, the 3 semiconductor stocks with the highest dividend yields are:

Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 16.87%, which is 14 percentage points higher than the semiconductor industry average of 3.33%. Himax Technologies's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Himax Technologies's dividend has shown consistent growth over the last 10 years.

Chipmos Technologies (NASDAQ:IMOS) has an annual dividend yield of 13.07%, which is 10 percentage points higher than the semiconductor industry average of 3.33%. Chipmos Technologies's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Chipmos Technologies's dividend has shown consistent growth over the last 10 years.

Chipmos Technologies's dividend payout ratio of 33.1% indicates that its high dividend yield is sustainable for the long-term.

Nve (NASDAQ:NVEC) has an annual dividend yield of 6.23%, which is 3 percentage points higher than the semiconductor industry average of 3.33%. 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 110.2% indicates that its high dividend yield might not be sustainable for the long-term.

Semiconductor stocks were down -0.9% in the last day, and up 0.97% over the last week. Wisa Technologies was the among the top losers in the semiconductors industry, dropping -12.6% yesterday.

Shares of several companies in the broader tech sector are trading lower amid overall market weakness following bigger-than-expected nonfarm payroll data. A rise in US Treasury yields has also weighed on the sector.

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

Chipmos Technologies (NASDAQ:IMOS) is the most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Chipmos Technologies has a valuation score of 100, which is 59 points higher than the semiconductor industry average of 41. It passed 7 out of 7 valuation due diligence checks.

Chipmos Technologies's stock has dropped -32.08% in the past year. It has underperformed other stocks in the semiconductor industry by -3 percentage points.

Micron Technology (NASDAQ:MU) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Micron Technology has a valuation score of 86, which is 45 points higher than the semiconductor industry average of 41. It passed 6 out of 7 valuation due diligence checks.

Micron Technology's stock has dropped -34.03% in the past year. It has underperformed other stocks in the semiconductor industry by -5 percentage points.

Qorvo (NASDAQ:QRVO) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Qorvo has a valuation score of 86, which is 45 points higher than the semiconductor industry average of 41. It passed 6 out of 7 valuation due diligence checks.

Qorvo's stock has dropped -34.85% in the past year. It has underperformed other stocks in the semiconductor industry by -6 percentage points.