The best long-term stocks to buy now? 4 Semiconductor Stocks to Watch | New

4 Semiconductor Stocks to Watch Right Now

With the stock Exchange attempting a rally last week, investors could arguably keep an eye on the best semiconductor stocks in the stock market right now. This could be the case given the rise of the Internet of Things, which has contributed to the skyrocketing demand for chips in recent years. From electric cars to medical equipment to our smartphones, semiconductors are needed in virtually every modern device these days. So, seeing that the industry will continue to benefit from this growing demand, semiconductor stocks would remain the center of attention.

AMD (NASDAQ: AMD) could be a semiconductor stock investors may be watching right now. Recently, the company announced a collaboration with Qualcomm (NASDAQ: QCOM) to optimize the Qualcomm FastConnect connectivity system for AMD’s processor-based computing platforms. The collaboration will kick off with AMD Ryzen PRO 6000 series processors and the Qualcomm FastConnect 6900. This collaboration also represents the first step in building a strong relationship between the two companies to bring superior wireless connectivity to the computing roadmap. AMD mobile. That being said, here are four semiconductor stocks to watch in the stock market today.

Semiconductor stocks to buy [Or Sell] Currently

Marvell Technology

Starting our list today is Marvel technology. Essentially, it is a semiconductor company that primarily focuses on developing chips for the data infrastructure industry. Thanks to Marvell’s cutting-edge chips, technology companies around the world can move, store, process and secure their data assets. Among Marvell’s primary end markets are the enterprise, cloud, automotive, and carrier architecture industries. As tech companies continue to improve their data processing infrastructure, MRVL stock might be worth seeking out. Over the past year, the price of MRVL shares has increased by approximately 27%.

Last Thursday, the company released its financial results for the first quarter of fiscal 2023. To start, Marvell generated net revenue of $1.45 billion, a 74% year-over-year increase. on the other and exceeding the midpoint of its provided forecast. in March. The company attributes the growth to better-than-expected data center end-market results. On top of that, the company also posted a gross margin of 51.9%. In the same report, Marvell also provided its outlook for the second quarter. Namely, it expects mid-term revenue to grow 5% sequentially and 41% year-over-year. Overall, given the good quarter, is MRVL a stock to add to the portfolio?

Source: TD Ameritrade Terms of Service

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Broadcom

Following this, we have Broadcom. Essentially, the company designs, develops and manufactures semiconductors and related infrastructure software. Broadcom caters to the data center, networking, enterprise software, broadband, industrial and storage industries. It achieves this by providing hardware in the form of its semiconductors. On the other hand, Broadcom also offers software infrastructure solutions. These include data center, enterprise, mainframe, and cybersecurity networking services. The likes that focus on automation, surveillance and security, smartphone components, and telecommunications. Over the past year, AVGO stock has risen almost 25%.

Last Thursday, Broadcom announced the acquisition of an enterprise software company vmware (NYSE: VMW). As a result, the cash and stock transaction will value the company at approximately $61 billion. For those unfamiliar, VMware is the company that pioneered virtualization technology, an innovation that transformed x86 server-based computing. CEO Hock Tan said: “Building on our proven track record of successful mergers and acquisitions, this transaction combines our core semiconductor and infrastructure software businesses with an iconic pioneer and innovator in enterprise software, as we let’s reimagine what we can offer customers as a leading infrastructure technology company. We look forward to VMware’s talented team joining Broadcom, further cultivating a shared culture of innovation and creating even greater value for our combined stakeholders, including both shareholder groups.“Given this strategic acquisition, would you invest in AVGO stock?

AVGO Stock Chart
Source: TD Ameritrade Terms of Service

Analog devices

Another big semiconductor company of note today is Analog devices. Simply put, it designs, manufactures, tests and markets a portfolio of semiconductor solutions. This includes integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. In today’s technology-driven world, Analog prides itself on creating unparalleled technologies and solutions for its customers in various industries such as automation, healthcare, and communications. Therefore, it is understandable that ADI stocks are often on the radar of many investors.

On May 18, Analog announced financial results for its second quarter of fiscal 2022. Some of the notable highlights include revenue of $2.97 billion, up 79% year over year. another, and double-digit growth in all of its end markets. . Impressively, this marks the company’s fifth consecutive quarter of record revenue. This seems to speak to the unprecedented demand for Analog’s technology and its ability to meet those demands in a tight supply environment. On top of that, Analog also increased its share buybacks to $776 million and paid out $398 million in dividends. With that in mind, do you consider ADI stock to be one of the top semiconductor stocks to watch?

ADI Stock Chart
Source: TD Ameritrade Terms of Service

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semiconductor tower

Last but not least, we have semiconductor tower. It is a leading Israeli foundry of high-value analog semiconductor solutions. For the most part, it manufactures advanced analog integrated circuits using specialized process technologies. In fact, Tower is leading the analog ecosystem, bringing innovative and high-quality manufacturing solutions to various growing markets. The company provides solutions in sectors such as automotive, industrial and medical. Over the past year, TSEM stock has seen gains of almost 80%.

Earlier in the month, the company reported record results for its first quarter of 2022. To start, Tower generated $421 million in revenue, reflecting 21% revenue growth from the first quarter. 2021. Additionally, the company’s organic revenue has increased. 29% year over year. Turning to profits, Tower raked in a net profit of $54 million, up 91% from the $28 million recorded last year. Thus, earnings per share amounted to $0.50 compared to $0.26 last year. Additionally, the company managed to generate $137 million in cash flow from operations in the last quarter. Overall, given the company’s performance, would you look at TSEM stock?

TSEM Stock Chart
Source: TD Ameritrade Terms of Service

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Michael J. Chiaramonte