For immediate release
Chicago, Illinois – August 4, 2022 – Zacks.com has released a list of stocks featured on its analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events affecting stocks and financial markets. Stocks recently featured on the blog include Silicon Laboratories Inc. SLAB, MACOM Technology Solutions Holdings, Inc. MTSI, Taiwan Semiconductor Manufacturing Company Limited TSM, and STMicroelectronics NV STM.
Highlights from Wednesday’s Analyst Blog include:
4 Solid Stocks to Buy in Soaring Semiconductor Sales
The semiconductor sector continues its dream run with record sales in the second quarter of this year. Sales have increased month by month this year, demonstrating that surging demand for semiconductors is helping manufacturers boost their profits.
Shortages of semiconductors have hit several industries, but demand for microchips is supporting manufacturers. The demand for microchips has increased over the past few years as the Internet of Things (IoT), artificial intelligence, and virtual reality become more and more important in our lives. Given this situation, Silicon Laboratories, Inc., Macom Technology Solutions Holdings Co., Ltd., Taiwan Semiconductor Manufacturing Company Limited When STMicroelectronics NV It is hoped that you will benefit from it in the near future.
Solid year for semiconductors
After a strong 2020 and 2021, the semiconductor industry continues to thrive this year, with sales increasing in almost every month of 2022. The Semiconductor Industry Association (SIA) announced on Aug. 3 that global semiconductor sales showed a strong 13.3% growth for him. $152.5 billion in the second quarter of 2022.
Furthermore, sales increased by 0.5% from the first quarter. Global sales for June were his $50.8 billion.
SIA President and CEO John Neuffer said:
Although sales have slowed somewhat recently amid multiple challenges such as rising costs and a supply chain crisis, the industry is still growing, according to the report. increased by 29% in the Americas, 16.1% in Japan, 12.4% in Europe and 11.9% in Asia Pacific.
This clearly shows how the demand for microchips has grown over the past year.
solid industry
Despite growing sales, the semiconductor industry faces challenges. The supply chain crisis that began at the peak of the pandemic continues, with several industries suffering from severe shortages.
In fact, this has also slowed sales growth to some extent. But several governments, including the United States, are trying to deal with the crisis and help the industry. Passed the bipartisan bill 64-32.
President Joe Biden is likely to sign the bipartisan bill into law at any moment. The $280 billion package comes in the form of grants and research funding.
The legislation, called the Chips and Science Act, includes $52 billion in subsidies to US semiconductor manufacturers. This could give semiconductor production a big boost.
In addition, it will provide $24 billion in investment tax credits to semiconductor factories. Biden and other experts say the new law is critical to the nation’s economic health and national security as the world becomes increasingly dependent on technology. , help the United States become more self-reliant.
The supply crisis isn’t over yet, but the new measures are expected to significantly mitigate the problem and will only benefit businesses going forward.
our choice
The semiconductor industry may only benefit in the short term thanks to new legislation and surging demand. Given this scenario, these four chip stocks could be profitable in the short term.
Silicon Laboratories, Inc. is a leading provider of silicon, software and solutions for the Internet of Things, Internet Infrastructure, Industrial Automation, Consumer and Automotive markets. SLABs solve the electronics industry’s toughest problems, offering customers significant advantages in performance, energy savings, connectivity, and design simplicity.
Silicon Laboratories expects earnings growth of 90% this year. The Zachs consensus forecast for earnings this year improved by 14.2% over the last 60 days. SLAB boasts Zacks rank #1 (strong buy).you can see See the full list of today’s #1 (strong buy) Zachs stocks here.
Macom Technology Solutions Holdings Co., Ltd. is a provider of power analog semiconductor solutions for various markets. MTSI develops and manufactures analog radio frequency, microwave and millimeter wave semiconductor devices and components for optical, wireless and satellite networking applications. MACOM Technology Solutions Holdings primarily serves his three markets: data centers, industrial and defense, and telecommunications.
MACOM Technology expects revenue growth of 30.7% this year. The Zacks consensus forecast for earnings this year has improved by 1.4% over the last 60 days. MTSI is Zacks Rank #2 (Buy).
Taiwan Semiconductor Manufacturing Company Limited The world’s largest dedicated integrated circuit foundry. As a foundry, TSM uses advanced manufacturing processes to manufacture ICs for customers based on their own IC designs. Taiwan Semiconductor Manufacturing Company Limited’s goal is to establish itself as one of the world’s leading semiconductor companies, building on the strengths that have made it the world’s leading IC foundry.
Taiwan Semiconductor Manufacturing Co., Ltd. expects revenue growth of 52.9% this year. The Zacks consensus forecast for earnings this year has improved by 6.2% over the last 60 days. TSM boasts the #1 Zacks rank.
STMicroelectronics NV is a global independent semiconductor company that designs, develops, manufactures and markets a wide range of semiconductor integrated circuits and discrete devices. STMS’ products are used in a wide variety of microelectronics applications, including telecommunications systems, computer systems, consumer products, automotive products, and industrial automation and control systems.
STMicroelectronics NV expects revenue growth of 70.8% this year. The Zachs consensus forecast for earnings this year has improved by 10.8% over the last 60 days. STM is the #1 Zachs Rank.
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5 strains set to double
Both have been handpicked by Zach’s experts as their #1 favorite stocks to earn +100% or more in 2021. Previous recommendations jumped +143.0%, +175.9%, +498.3%, +673.0%.
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STMicroelectronics NV (STM): Free Stock Analysis Report
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