WallStreetZenWallStreetZen

Sectors & IndustriesTechnologySemiconductors
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
RMBS
RAMBUS INC
$6.67B$461.12M$237.08M$333.90M$3.091.39%14.81%N/AN/A2024-04-29
QCOM
QUALCOMM INC
$188.94B$36.29B$10.47B$7.76B$6.96-15.52%11.12%-33.59%35.39%2024-05-01
ADI
ANALOG DEVICES INC
$98.09B$11.57B$5.56B$2.82B$5.63-8.03%13.29%-15.59%5.93%2024-05-22
ON
ON SEMICONDUCTOR CORP
$31.43B$8.25B$3.22B$2.19B$5.07-0.88%7.02%15.49%27.92%2024-04-29
UMC
UNITED MICROELECTRONICS CORP
$20.23B$7.93B$4.33B$2.51B$1.04-3.00%10.61%9.68%44.68%2024-04-24
MRAM
EVERSPIN TECHNOLOGIES INC
$168.11M$63.77M$10.30M$9.05M$0.446.30%5.23%46.67%N/A2024-05-01
TSEM
TOWER SEMICONDUCTOR LTD
$3.71B$1.42B$811.30M$518.49M$4.70-15.20%1.76%94.21%28.34%2024-04-18
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.54B$945.92M$231.58M$172.51M$5.202.58%12.57%-9.09%19.66%2024-05-02
FORM
FORMFACTOR INC
$3.54B$663.10M$134.53M$82.39M$1.06-11.34%4.60%63.08%-5.68%2024-05-01
ALGM
ALLEGRO MICROSYSTEMS INC
$5.21B$1.08B$315.07M$221.79M$1.1519.21%N/A45.57%N/A2024-05-08
SWKS
SKYWORKS SOLUTIONS INC
$17.36B$4.64B$1.59B$904.70M$5.68-12.44%4.16%-22.83%-2.02%2024-05-06
LSCC
LATTICE SEMICONDUCTOR CORP
$10.76B$737.15M$254.01M$259.06M$1.8811.63%13.07%44.62%N/A2024-04-29
AVGO
BROADCOM INC
$614.22B$38.87B$19.94B$11.63B$27.8112.94%12.77%-9.24%12.29%
NVEC
NVE CORP
$435.88M$35.52M$25.44M$21.54M$4.4510.39%4.30%17.72%6.82%2024-05-01
AMD
ADVANCED MICRO DEVICES INC
$291.63B$22.68B$4.17B$854.00M$0.53-3.90%28.49%-37.65%9.28%2024-04-30
NXPI
NXP SEMICONDUCTORS NV
$63.54B$13.28B$4.74B$2.80B$10.830.54%7.13%1.79%9.82%2024-04-30
MPWR
MONOLITHIC POWER SYSTEMS INC
$32.96B$1.82B$546.01M$427.37M$8.981.50%25.61%-4.16%29.25%2024-05-02
NVDA
NVIDIA CORP
$2.26T$60.92B$35.58B$29.76B$12.05125.85%39.06%584.66%47.91%2024-05-22
CRUS
CIRRUS LOGIC INC
$4.99B$1.79B$301.73M$176.06M$3.28-11.16%7.47%-43.74%15.73%2024-05-02
TXN
TEXAS INSTRUMENTS INC
$158.41B$17.52B$9.01B$6.51B$7.13-12.53%2.11%-25.03%4.54%2024-04-23
MCHP
MICROCHIP TECHNOLOGY INC
$48.48B$8.54B$4.06B$2.36B$4.346.10%11.21%15.43%44.04%2024-05-02
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$6.89B$625.45M$159.17M$74.58M$1.05-10.09%1.17%-77.75%N/A2024-05-02
VSH
VISHAY INTERTECHNOLOGY INC
$3.12B$3.40B$675.21M$323.82M$2.32-2.73%2.31%-22.41%-0.59%2024-05-08
GFS
GLOBALFOUNDRIES INC
$28.82B$7.39B$2.53B$1.02B$1.85-8.83%3.59%-31.23%N/A2024-05-07
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$705.61B$68.43B$48.25B$26.54B$5.12-4.61%15.85%-17.58%18.12%2024-04-18
NVTS
NAVITAS SEMICONDUCTOR CORP
$855.04M$79.46M-$122.93M-$145.43M-$0.86109.41%N/AN/AN/A2024-05-13
DIOD
DIODES INC
$3.24B$1.66B$417.50M$227.18M$4.96-16.94%6.48%-32.15%18.87%2024-05-07
VLN
VALENS SEMICONDUCTOR LTD
$241.97M$84.16M-$21.68M-$19.66M-$0.19-7.22%N/AN/AN/A2024-05-08
ALAB
ASTERA LABS INC
N/A$115.79M-$19.94M-$26.26M-$0.7144.97%N/AN/AN/A
POWI
POWER INTEGRATIONS INC
$4.07B$444.54M$83.28M$55.74M$0.97-31.73%1.34%-67.23%-4.01%2024-05-02
STM
STMICROELECTRONICS NV
$39.04B$17.29B$6.14B$4.21B$4.667.18%12.33%6.64%26.65%2024-04-24
SITM
SITIME CORP
$2.12B$143.99M-$64.26M-$80.54M-$3.63-49.23%11.06%N/AN/A2024-05-01
HIMX
HIMAX TECHNOLOGIES INC
$933.13M$945.43M$71.99M$50.62MN/A-21.30%5.49%N/AN/A2024-05-09
IMOS
CHIPMOS TECHNOLOGIES INC
$1.14B$771.05M$292.89M$112.78M$3.10-22.56%4.87%-37.16%6.76%2024-05-07
SLAB
SILICON LABORATORIES INC
$4.59B$782.26M$4.69M-$34.52M-$1.09-23.62%-2.06%N/AN/A2024-04-24
AIP
ARTERIS INC
$277.06M$53.67M-$31.79M-$36.87M-$1.036.53%N/AN/AN/A2024-05-02
QUIK
QUICKLOGIC CORP
$230.47M$21.20M$2.23M-$263.00k-$0.0231.01%10.91%N/AN/A2024-05-14
INTC
INTEL CORP
$186.75B$54.23B$9.75B$1.69B$0.40-14.00%-5.21%-79.49%-38.56%2024-04-25
MX
MAGNACHIP SEMICONDUCTOR CORP
$213.50M$230.05M-$30.05M-$36.62M-$0.89-31.87%-13.14%N/AN/A2024-05-01
CEVA
CEVA INC
$536.71M$97.42M$3.24M-$11.88M-$0.51-19.21%4.58%N/AN/A2024-05-08
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$623.26M$640.00M$36.94M-$17.15M-$0.61-19.44%7.65%N/AN/A2024-05-02
MXL
MAXLINEAR INC
$1.53B$693.26M$18.41M-$73.15M-$0.91-38.12%12.48%N/AN/A2024-04-24
LAES
SEALSQ CORP
$26.70M$30.06M-$1.78M-$3.27M-$0.2129.57%N/AN/AN/A
ICG
INTCHAINS GROUP LTD
$515.47M$82.23M-$31.72M-$26.80M-$0.44-82.64%N/AN/AN/A
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$22.67M$28.08M-$39.08M-$36.88M-$7.7235.76%N/AN/AN/A
SELX
SEMILUX INTERNATIONAL LTD
$87.85M$4.09M$1.31M-$471.70k-$0.0354.05%N/AN/AN/A
MU
MICRON TECHNOLOGY INC
$130.55B$18.31B$4.06B-$3.77B-$3.44-20.60%-9.39%N/AN/A
GSIT
GSI TECHNOLOGY INC
$86.00M$22.00M-$17.82M-$19.73M-$0.79-33.43%-15.14%N/AN/A2024-05-14
LASR
NLIGHT INC
$614.76M$209.92M-$26.69M-$41.67M-$0.90-13.28%1.87%N/AN/A2024-05-02
WOLF
WOLFSPEED INC
$3.71B$870.30M-$576.30M-$753.20M-$6.0211.62%-3.60%N/AN/A2024-04-24
SMTC
SEMTECH CORP
$1.77B$868.76M-$861.25M-$1.09B-$17.0314.83%6.73%N/AN/A
ASX
ASE TECHNOLOGY HOLDING CO LTD
$9.44B$18.58BN/A$1.01B$1.18-13.34%9.32%-49.20%3.54%2024-04-25
SKYT
SKYWATER TECHNOLOGY INC
$480.84M$286.68M$8.48M-$30.76M-$0.6834.63%N/AN/AN/A2024-05-06
PXLW
PIXELWORKS INC
$149.12M$59.68M-$21.53M-$26.18M-$0.47-14.92%-4.86%N/AN/A2024-05-07
QRVO
QORVO INC
$11.09B$3.46B$237.63M-$211.47M-$2.08-15.64%2.40%N/AN/A2024-05-01
SYNA
SYNAPTICS INC
$3.83B$1.03B$110.50M-$77.60M-$1.98-41.15%-8.75%N/AN/A2024-05-01
EMKR
EMCORE CORP
$26.68M$96.89M-$64.58M-$69.35M-$1.23320.13%2.51%N/AN/A2024-05-02
PRSO
PERASO INC
$1.23M$15.80M-$19.33M-$22.45M-$42.4023.05%-1.38%N/AN/A2024-05-13
ARM
ARM HOLDINGS PLC
$128.50BN/AN/AN/AN/AN/AN/AN/AN/A
LEDS
SEMILEDS CORP
$7.25M$5.93M-$1.63M-$2.78M-$0.56-18.50%-1.70%N/AN/A2024-04-10
SGH
SMART GLOBAL HOLDINGS INC
$1.36B$1.25B-$155.56M-$212.44M-$4.26-5.14%-2.48%N/AN/A2024-04-09
MRVL
MARVELL TECHNOLOGY INC
$61.38B$5.51B$830.00M-$933.40M-$1.08-6.96%13.96%N/AN/A2024-05-23
WISA
WISA TECHNOLOGIES INC
$372.60k$2.58M-$14.20M-$15.85M-$0.59-42.03%15.43%N/AN/A2024-05-14
POET
POET TECHNOLOGIES INC
$58.21M$465.78k-$18.28M-$20.27M-$0.51-15.73%N/AN/AN/A2024-03-29
SQNS
SEQUANS COMMUNICATIONS
$23.70M$33.62M-$15.14M-$41.04MN/A-44.48%-3.54%N/AN/A2024-05-01
CSLR
COMPLETE SOLARIA INC
$25.95M$171.96M-$261.24M-$278.11M-$12.8045.99%N/AN/AN/A
NA
NANO LABS LTD
$110.60M$78.34MN/A-$252.82M-$4.31-92.03%N/AN/AN/A
MOBX
MOBIX LABS INC
$51.87MN/AN/AN/AN/AN/AN/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$552.92M$0.00-$610.01k-$2.00M-$0.09-100.00%N/AN/AN/A

Semiconductor Stocks FAQ

What are the best semiconductor stocks to buy right now in Mar 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 42.12% over the past year, overperforming other semiconductor stocks by 1 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 37.52% from Rambus's current stock price of $61.81.

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 62, which is 30 points higher than the semiconductor industry average of 32. It passed 22 out of 38 due diligence checks and has strong fundamentals. Qualcomm has seen its stock return 39.53% over the past year, underperforming other semiconductor stocks by -2 percentage points.

Qualcomm has an average 1 year price target of $158.08, a downside of -6.63% from Qualcomm's current stock price of $169.30.

Qualcomm stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Qualcomm, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% 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 7.73% over the past year, underperforming other semiconductor stocks by -34 percentage points.

Analog Devices has an average 1 year price target of $206.90, an upside of 4.61% from Analog Devices's current stock price of $197.79.

Analog Devices stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Analog Devices, 60% have issued a Strong Buy rating, 10% have issued a Buy, 30% 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 112.45%, which is 105 percentage points higher than the semiconductor industry average of 7.64%.

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 8.97%, which is 1 percentage points higher than the semiconductor industry average of 7.64%. 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.

3. United Microelectronics (NYSE:UMC)


United Microelectronics (NYSE:UMC) has an annual dividend yield of 7.24%, which is the same as the semiconductor industry average of 7.64%. 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 0.92% in the last day, and up 0.46% over the last week.

We couldn't find a catalyst for why semiconductor stocks are up.

What are the most undervalued semiconductor stocks?

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

1. Analog Devices (NASDAQ:ADI)


Analog Devices (NASDAQ:ADI) is the most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Analog Devices has a valuation score of 86, which is 57 points higher than the semiconductor industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Analog Devices's stock has gained 7.73% in the past year. It has underperformed other stocks in the semiconductor industry by -34 percentage points.

2. Qualcomm (NASDAQ:QCOM)


Qualcomm (NASDAQ:QCOM) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Qualcomm has a valuation score of 86, which is 57 points higher than the semiconductor industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Qualcomm's stock has gained 39.53% in the past year. It has underperformed other stocks in the semiconductor industry by -2 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 86, which is 57 points higher than the semiconductor industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Rambus's stock has gained 42.12% in the past year. It has overperformed other stocks in the semiconductor industry by 1 percentage points.

Are semiconductor stocks a good buy now?

50.98% of semiconductor stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor stocks to rise by 9.35% 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 66.81x.
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.