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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
NVDA
NVIDIA CORP
$2.98T$79.77B$50.68B$42.60B$1.73208.27%49.37%790.21%66.49%2024-08-28
RMBS
RAMBUS INC
$6.44B$465.23M$266.09M$363.52M$3.35-0.91%14.82%570.00%N/A2024-07-29
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.56B$639.14M$82.86M$52.87M$1.60-32.43%3.80%-69.23%-10.07%2024-08-01
MPWR
MONOLITHIC POWER SYSTEMS INC
$41.05B$1.83B$519.73M$410.11M$8.56-2.12%25.18%-14.23%27.11%2024-08-01
AMD
ADVANCED MICRO DEVICES INC
$251.77B$22.80B$4.17B$1.12B$0.69-1.16%30.17%187.50%21.56%2024-07-30
ON
ON SEMICONDUCTOR CORP
$32.45B$8.16B$3.21B$2.18B$5.06-2.22%6.74%19.34%28.75%2024-07-29
ARM
ARM HOLDINGS PLC
$164.72B$3.23B$409.00M$306.00M$0.3020.68%N/A-41.18%N/A2024-08-08
CRUS
CIRRUS LOGIC INC
$7.44B$1.79B$413.14M$274.57M$5.06-5.73%8.58%59.12%27.53%2024-08-01
QCOM
QUALCOMM INC
$213.67B$36.41B$11.06B$8.39B$7.51-11.35%11.44%-20.11%32.20%2024-07-31
AVGO
BROADCOM INC
$747.20B$42.62B$20.46B$10.27B$2.4021.62%14.33%-27.05%23.08%2024-08-29
NXPI
NXP SEMICONDUCTORS NV
$71.40B$13.28B$4.72B$2.82B$10.950.69%7.54%4.19%10.09%2024-07-22
TSEM
TOWER SEMICONDUCTOR LTD
$4.51B$1.39B$778.20M$491.73M$4.45-13.51%1.39%73.15%27.32%2024-07-24
LSCC
LATTICE SEMICONDUCTOR CORP
$7.99B$693.66M$212.75M$217.93M$1.59-0.07%11.74%9.66%N/A2024-07-29
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$891.39B$70.03B$49.74B$27.14B$5.23-6.15%16.63%-16.75%N/A
ADI
ANALOG DEVICES INC
$118.59B$10.46B$4.76B$2.14B$4.30-18.69%11.17%-39.52%0.81%2024-08-21
VSH
VISHAY INTERTECHNOLOGY INC
$3.29B$3.28B$570.19M$242.96M$1.75-6.75%1.36%-43.00%-6.66%2024-08-07
MCHP
MICROCHIP TECHNOLOGY INC
$49.14B$7.63B$3.44B$1.91B$3.52-9.53%7.37%-13.51%36.06%2024-08-01
QUIK
QUICKLOGIC CORP
$168.47M$23.07M$4.14M$1.07M$0.0842.27%12.06%N/AN/A2024-08-12
SWKS
SKYWORKS SOLUTIONS INC
$18.83B$4.54B$1.47B$855.20M$5.36-11.41%4.25%-22.88%-2.26%2024-07-30
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.57B$637.28M$148.85M$63.81M$0.90-8.95%2.32%-80.69%N/A2024-08-01
MRAM
EVERSPIN TECHNOLOGIES INC
$143.98M$63.35M$9.34M$8.09M$0.404.74%7.28%66.67%N/A2024-07-31
POWI
POWER INTEGRATIONS INC
$4.22B$429.93M$79.54M$52.81M$0.92-25.27%1.35%-60.00%-3.07%2024-08-06
NVTS
NAVITAS SEMICONDUCTOR CORP
$763.53M$89.27M-$64.22M-$87.27M-$0.51100.34%N/AN/AN/A2024-08-12
NVEC
NVE CORP
$390.22M$27.76M$19.87M$16.82M$3.48-30.17%1.58%-26.74%3.50%
FORM
FORMFACTOR INC
$4.36B$664.38M$155.72M$102.83M$1.33-7.50%4.09%358.62%-1.71%2024-07-31
DIOD
DIODES INC
$3.77B$1.50B$346.90M$170.07M$3.70-24.64%3.80%-49.04%9.60%2024-08-06
TXN
TEXAS INSTRUMENTS INC
$187.44B$16.80B$8.49B$5.91B$6.47-13.85%1.51%-28.19%2.82%2024-07-23
VLN
VALENS SEMICONDUCTOR LTD
$314.22M$71.84M-$26.06M-$24.33M-$0.24-22.73%N/AN/AN/A2024-08-07
GFS
GLOBALFOUNDRIES INC
$32.43B$7.10B$2.59B$899.00M$1.62-11.35%N/A-42.35%N/A2024-08-01
STM
STMICROELECTRONICS NV
$37.56B$16.50B$5.56B$3.68B$4.07-1.93%11.65%-13.59%24.51%2024-07-25
ALGM
ALLEGRO MICROSYSTEMS INC
$5.98B$1.05B$276.75M$152.70M$0.797.78%7.70%-19.39%-37.78%2024-07-30
IMOS
CHIPMOS TECHNOLOGIES INC
$938.14M$688.47M$235.78M$63.43M$1.75-9.28%2.85%-42.75%10.35%2024-08-13
HIMX
HIMAX TECHNOLOGIES INC
$1.31B$908.77M$66.28M$48.19MN/A-12.00%4.65%N/AN/A2024-08-08
SITM
SITIME CORP
$3.43B$138.67M-$74.75M-$92.75M-$4.13-44.90%N/AN/AN/A2024-08-07
CEVA
CEVA INC
$479.42M$96.48M$2.49M-$12.45M-$0.53-19.50%4.54%N/AN/A2024-08-07
INTC
INTEL CORP
$148.44B$55.24B$10.42B$4.07B$0.96-2.09%-4.85%N/A-26.61%2024-08-01
UMC
UNITED MICROELECTRONICS CORP
$20.00BN/AN/AN/AN/AN/AN/AN/AN/A2024-07-31
SLAB
SILICON LABORATORIES INC
$3.64B$641.85M-$74.69M-$105.01M-$3.29-38.11%-5.49%N/AN/A2024-07-24
MU
MICRON TECHNOLOGY INC
$130.23B$21.37B$6.55B-$1.54B-$1.4117.60%-4.55%N/AN/A
MX
MAGNACHIP SEMICONDUCTOR CORP
$187.51M$222.11M-$24.07M-$30.57M-$0.78-23.56%-11.40%N/AN/A2024-08-05
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$1.30B$657.50M$44.78M-$9.45M-$0.32-9.15%7.93%N/AN/A2024-08-07
WOLF
WOLFSPEED INC
$2.84B$842.30M-$620.20M-$802.60M-$6.407.40%-5.10%N/AN/A2024-08-14
POET
POET TECHNOLOGIES INC
$150.34M$293.65k-$18.64M-$20.71M-$0.50-59.97%N/AN/AN/A2024-08-09
LAES
SEALSQ CORP
$12.66M$30.06M-$1.78M-$3.27M-$0.2129.57%N/AN/AN/A
PRSO
PERASO INC
$4.09M$11.53M-$11.61M-$15.68M-$22.11-30.09%-6.23%N/AN/A2024-08-12
QRVO
QORVO INC
$11.91B$3.77B$463.74M-$70.32M-$0.725.61%4.05%N/AN/A2024-07-30
PXLW
PIXELWORKS INC
$58.39M$65.77M-$17.10M-$21.85M-$0.393.59%-3.33%N/AN/A2024-08-06
SKYT
SKYWATER TECHNOLOGY INC
$361.75M$300.22M$4.70M-$32.21M-$0.7030.02%N/AN/AN/A2024-08-05
MXL
MAXLINEAR INC
$2.03B$540.09M-$83.06M-$154.99M-$1.90-51.11%8.52%N/AN/A2024-07-24
ASX
ASE TECHNOLOGY HOLDING CO LTD
$9.94B$17.93BN/A$969.91M$1.13-15.32%7.31%-45.04%2.78%2024-07-25
AIP
ARTERIS INC
$323.99M$53.46M-$31.86M-$37.26M-$1.023.25%N/AN/AN/A2024-08-01
LASR
NLIGHT INC
$578.87M$200.36M-$32.56M-$47.71M-$1.02-13.52%0.99%N/AN/A2024-08-01
EMKR
EMCORE CORP
$9.84M$89.70M-$60.89M-$65.61M-$10.55511.83%0.22%N/AN/A2024-08-06
SYNA
SYNAPTICS INC
$3.60B$939.30M$41.90M-$106.10M-$2.70-41.45%-9.71%N/AN/A2024-08-01
SGH
SMART GLOBAL HOLDINGS INC
$1.30B$1.02B-$127.20M-$168.77M-$3.36-10.18%-4.79%N/AN/A
SMTC
SEMTECH CORP
$2.10B$838.32M-$861.12M-$1.09B-$16.945.99%5.94%N/AN/A2024-09-05
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$19.45M$30.92M-$13.88M-$15.36M-$0.2629.83%-2.04%N/AN/A
SQNS
SEQUANS COMMUNICATIONS
$29.94M$27.74M-$23.02M-$47.79MN/A-52.62%-4.80%N/AN/A2024-08-06
ICG
INTCHAINS GROUP LTD
$494.55M$80.47MN/A-$46.33M-$0.76-76.71%N/AN/AN/A
LEDS
SEMILEDS CORP
$10.94M$5.31M-$1.51M-$2.36M-$0.45-13.65%-3.34%N/AN/A
GSIT
GSI TECHNOLOGY INC
$71.25M$21.77M-$18.51M-$20.09M-$0.80-26.69%-15.82%N/AN/A2024-07-25
ALAB
ASTERA LABS INC
$8.33BN/AN/AN/AN/AN/AN/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$59.04B$5.35B$849.20M-$980.10M-$1.13-7.72%12.83%N/AN/A2024-08-22
NA
NANO LABS LTD
$25.02M$78.34M-$243.59M-$252.82M-$4.29-92.03%N/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$11.99M$1.87M-$13.53M-$27.30M-$363.85-42.81%3.71%N/AN/A2024-08-13
GCTS
GCT SEMICONDUCTOR HOLDING INC
$235.88M$19.29M-$13.29M-$23.61M-$0.20-2.22%N/AN/AN/A
MOBX
MOBIX LABS INC
$37.52M$2.65M-$33.39M-$39.44M-$2.35-33.98%N/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 154.96% over the past year, overperforming other semiconductor stocks by 145 percentage points.

Nvidia has an average 1 year price target of $134.33, an upside of 10.93% from Nvidia's current stock price of $121.09.

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 63, which is 32 points higher than the semiconductor industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock lose -5.19% over the past year, underperforming other semiconductor stocks by -15 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 36.73% from Rambus's current stock price of $59.73.

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 24.47% over the past year, overperforming other semiconductor stocks by 15 percentage points.

Silicon Motion Technology has an average 1 year price target of $95.71, an upside of 24.79% from Silicon Motion Technology's current stock price of $76.70.

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 5.81%, which is 4 percentage points higher than the semiconductor industry average of 2.02%. 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 4.95%, which is 3 percentage points higher than the semiconductor industry average of 2.02%. 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 114.9% 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 4.31%, which is 2 percentage points higher than the semiconductor industry average of 2.02%. 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 high dividend yield is sustainable for the long-term.

Why are semiconductor stocks up?

Semiconductor stocks were up 0.11% in the last day, and down -1.57% over the last week. Broadcom was the among the top gainers in the semiconductors industry, gaining 2.91% yesterday.

Broadcom shares are trading higher following a report suggesting OpenAI is in talks with the company about developing a new chip.

What are the most undervalued semiconductor stocks?

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

1. Silicon Motion Technology (NASDAQ:SIMO)


Silicon Motion Technology (NASDAQ:SIMO) is the 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 24.47% in the past year. It has overperformed other stocks in the semiconductor industry by 15 percentage points.

2. Skyworks Solutions (NASDAQ:SWKS)


Skyworks Solutions (NASDAQ:SWKS) is the second 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 gained 2.04% in the past year. It has underperformed other stocks in the semiconductor industry by -7 percentage points.

3. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the third most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Rambus 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.

Rambus's stock has dropped -5.19% in the past year. It has underperformed other stocks in the semiconductor industry by -15 percentage points.

Are semiconductor stocks a good buy now?

55.77% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 9.66% 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 71.39x.
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.