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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:

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is the top semiconductor stock with a Zen Score of 72, which is 26 points higher than the semiconductor industry average of 46. It passed 28 out of 38 due diligence checks and has strong fundamentals. Taiwan Semiconductor Manufacturing Co has seen its stock lose -27.92% over the past year, underperforming other semiconductor stocks by -15 percentage points.

Taiwan Semiconductor Manufacturing Co has an average 1 year price target of $126.00, an upside of 47.87% from Taiwan Semiconductor Manufacturing Co's current stock price of $85.21.

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

Onto Innovation (NYSE:ONTO) is the second best semiconductor stock with a Zen Score of 69, which is 23 points higher than the semiconductor industry average of 46. It passed 22 out of 33 due diligence checks and has strong fundamentals. Onto Innovation has seen its stock lose -4.24% over the past year, overperforming other semiconductor stocks by 9 percentage points.

Onto Innovation has an average 1 year price target of $102.50, an upside of 37.01% from Onto Innovation's current stock price of $74.81.

Onto Innovation stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Onto Innovation, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

United Microelectronics (NYSE:UMC) is the third best semiconductor stock with a Zen Score of 69, which is 23 points higher than the semiconductor industry average of 46. It passed 27 out of 38 due diligence checks and has strong fundamentals. United Microelectronics has seen its stock lose -40.45% over the past year, underperforming other semiconductor stocks by -27 percentage points.

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

Out of 23 semiconductor stocks that have issued dividends in the past year, the 3 semiconductor stocks with the highest dividend yields are:

United Microelectronics (NYSE:UMC) has an annual dividend yield of N/A, which is N/A percentage points lower than the semiconductor industry average of 3.57%. 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 33.5% indicates that its dividend yield is sustainable for the long-term.

Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 18.71%, which is 15 percentage points higher than the semiconductor industry average of 3.57%. 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 12.93%, which is 9 percentage points higher than the semiconductor industry average of 3.57%. 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.

Semiconductor stocks were down -4.88% in the last day, and down -4.42% over the last week. Ceva was the among the top losers in the semiconductors industry, dropping -14.38% yesterday.

CEVA shares are trading lower after the company reported worse-than-expected Q2 sales results.

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 53 points higher than the semiconductor industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Chipmos Technologies's stock has dropped -42.94% in the past year. It has underperformed other stocks in the semiconductor industry by -30 percentage points.

Emcore (NASDAQ:EMKR) is the second most undervalued semiconductor stock based on WallStreetZen's Valuation Score. Emcore has a valuation score of 100, which is 53 points higher than the semiconductor industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Emcore's stock has dropped -64.23% in the past year. It has underperformed other stocks in the semiconductor industry by -51 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 39 points higher than the semiconductor industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Qorvo's stock has dropped -47.2% in the past year. It has underperformed other stocks in the semiconductor industry by -34 percentage points.