15 Best Semiconductor Stocks to Buy Now insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Six Best Semiconductor Stocks to Buy Now Appear Undervalued
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Six best semiconductor stocks to buy now are trading at discounts compared to slower-growing industrial stocks.
S&P 500 semiconductor stocks trade at an average of 19x 2022 price-to-earnings (P/E) estimates, nearly 20% below the S&P 500 Industrials, despite free cash flow (FCF) margins 1,500-2,000 basis points (bps) above and 400-500 bp faster sales growth than the industrials, according to a May 11 BoA Global Research note. Semiconductor stocks share attributes with high-quality industrials, with the current relative weakness in semiconductor stocks indicated by the SOX index vs. industrials (XLI) showing market rotation rather than trading based on fundamentals, BoA reported.
Micron Technology (MU) 2021 Q2 Earnings Preview insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Alger Spectra: “NXP Semiconductors (NXPI) has an Attractive Cyclical Tailwind”
Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q1 2021 investor letter, mentioned NXP Semiconductors N.V. (NASDAQ: NXPI) and shared their insights on the company. NXP Semiconductors N.V. is a Eindhoven, Netherlands-based semiconductor manufacturing company that currently has a $53.7 billion market capitalization. Since the beginning of the year, NXPI delivered a 22.48% return, extending its 12-month gains to 124.64%. As of April 19, 202