2023-03-05 11:15:24 ET
Semiconductor stocks are stocks of companies that design, manufacture, and sell electronic components and systems. This includes microchips, memory chips and processors. These components can be found in a wide variety of devices, including computers, smartphones, automobiles, and industrial machinery. The semiconductor industry is vital to the modern economy. As a result, demand for semiconductors is expected to increase as new technologies such as 5G, artificial intelligence and the Internet of Things (IoT) gain traction.
Investing in semiconductor stocks can offer investors significant growth potential as demand for electronic devices and systems increases. The semiconductor industry, on the other hand, is highly competitive and subject to rapid technological change. This can pose difficulties for companies that are slow to adapt. Also, with the industry being heavily impacted by global economic conditions, geopolitical tensions and supply chain disruptions, semiconductor stocks can be volatile.
When evaluating semiconductor stocks, investors should consider the company’s financial health, the strength of its R&D pipeline, its competitiveness in the marketplace, and its ability to adapt to changing market conditions. It’s also important to keep up to date with industry trends and developments. Such as new technologies and potential supply chain disruptions. Investors can identify semiconductor stocks that have the potential to perform well and add value to their portfolio by conducting thorough research and due diligence. With that in mind, here are three semiconductor stocks to watch in the stock market today.
Semiconductor stocks to buy [Or Sell] Now Advanced Micro Devices (AMD Stock)
First of all, Advanced Micro Devices Inc. (AMD) is a semiconductor company that designs and sells microprocessors, graphics processors, and other computer components.
In late January, Advanced Micro Devices announced better-than-expected fourth-quarter 2022 results. In the report, AMD announced earnings of $0.69 per share and revenue of $5.6 billion. This compares to consensus estimates for the fourth quarter of 2022, which returned earnings per share of $0.67 on revenue expectations of $5.5 billion. Additionally, AMD announced a 16% year-over-year increase in revenue.
Since the beginning of 2023, shares of AMD are up 27.34% year-to-date. Meanwhile, AMD stock closed the day of trading by Friday’s closing bell up 1.34% at $81.52 a share.
Source: TD Ameritrade TOS
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NVIDIA (NVDA Stock)
Second, NVIDIA Corporation (NVDA) is a leading semiconductor company specializing in graphics processing units (GPUs) used in gaming, artificial intelligence, and high-performance computing applications.
On Wednesday afternoon, Nvidia released its financial results for the fourth quarter of 2023. The company’s earnings per share were $0.98 on sales of $6.1 billion. This is in contrast to consensus estimates, which called for earnings of $0.81 per share on estimated earnings of $6.0 billion.
Year-to-date, shares of NVDA stock are up 66.89%. On Friday, NVDA stock closed the day up 2.47% to trade at $238.90 per share.
Source: TD Ameritrade TOS
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ON Semiconductor (in stock)
Last but not least, ON Semiconductor Corporation (ON) is a semiconductor company that designs and manufactures power and signal management, logic, discrete and custom devices for a variety of industries.
Just last month, ON Semiconductor released its Q4 2022 financial results. The company reported earnings of $1.32 per share on revenue of $2.1 billion in the fourth quarter of 2022. That compares to Wall Street consensus estimates of $1.27 in earnings per share and $2.1 billion in revenue. In addition, sales increased by 13.9% compared to the same period last year.
Year-to-date, ON stock is up 28.13%. Meanwhile, shares of ON ended Friday’s trading session up 2.85% at $78.94 a share.
Source: TD Ameritrade TOS
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