{"id":314452,"date":"2021-08-03T15:07:00","date_gmt":"2021-08-03T12:07:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/"},"modified":"2021-08-03T15:07:00","modified_gmt":"2021-08-03T12:07:00","slug":"deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/","title":{"rendered":"#Deep Dive: Semiconductor stocks are rallying \u2014 and they still look like bargains"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be4026fddb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be4026fddb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/#Stellar_earnings_are_propelling_chip_makers_shares_which_trade_cheaply_compared_with_the_broader_stock_market\" >Stellar earnings are propelling chip makers\u2019 shares, which trade cheaply compared with the broader stock market<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/#Semiconductor_performance_and_valuation\" >Semiconductor performance and valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/#Fast-sales_growers_in_the_SOXX_group\" >Fast-sales growers in the SOXX group<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-semiconductor-stocks-are-rallying-and-they-still-look-like-bargains\/#Philip_van_Doorn\" >Philip van Doorn<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Deep Dive: Semiconductor stocks are rallying \u2014 and they still look like bargains<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Stellar_earnings_are_propelling_chip_makers_shares_which_trade_cheaply_compared_with_the_broader_stock_market\"><\/span>\n  Stellar earnings are propelling chip makers\u2019 shares, which trade cheaply compared with the broader stock market<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000359670\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000359670\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Semiconductor stocks haven\u2019t risen in a straight line this year, but they have recovered from their last dip in May. Now the group is expected to maintain its head of steam through 2022 with faster growth than the broader stock market. But chip makers as a group trade below the broad indexes on a price-to-earnings basis.<\/p>\n<p>Below is a list of the 10 semiconductor companies expected to increase sales the most through 2023.<\/p>\n<div class=\"paywall\">\n<p>Investors are paying close attention to this important <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> subsector amid continuing shortages that are affecting many industries and presumably helping pricing for the chipmakers. For example, on Aug. 2, shares of ON Semiconductor Corp.<br \/>\n        ON,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202641012\/composite\" class=\"positive\">+11.73%<\/bg-quote><br \/>\n       rose 12% after the company beat analysts\u2019 expectations for earnings and sales and provided an upbeat outlook. The improved guidance points to a coming round of estimate increases by analysts \u2014 the type of action that supports higher share prices over time.<\/p>\n<p>ON CEO Hassane\u00a0El-Khoury said there\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001097864\/000119312521232323\/d188483dex991.htm\" class=\"icon none\">accelerating demand<\/a> in \u201cstrategic automotive and industrial\u00a0end-markets.\u201d<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Semiconductor_performance_and_valuation\"><\/span>Semiconductor performance and valuation<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>To set the stage, check out this chart showing total returns for the iShares Semiconductor ETF<br \/>\n        SOXX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209255350\/composite\" class=\"positive\">+0.63%<\/bg-quote><br \/>\n       against the SPDR S&amp;P 500 ETF<br \/>\n        SPY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209901640\/composite\" class=\"negative\">-0.21%<\/bg-quote><br \/>\n       and the Invesco QQQ Trust<br \/>\n        QQQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208575548\/composite\" class=\"positive\">+0.01%<\/bg-quote><br \/>\n       (which tracks the Nasdaq-100 Index<br \/>\n        NDX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598364\/realtime\" class=\"positive\">+0.02%<\/bg-quote><br \/>\n      ) from the end of 2019 through July 30:<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:81.71428571428572%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-378890?width=540&amp;size=1.2237093690248566 540w, https:\/\/images.mktw.net\/im-378890?width=620&amp;size=1.2237093690248566 620w, https:\/\/images.mktw.net\/im-378890?width=639&amp;size=1.2237093690248566 639w, https:\/\/images.mktw.net\/im-378890?width=700&amp;size=1.2237093690248566 700w, https:\/\/images.mktw.net\/im-378890?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-378890?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-378890?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-378890?width=700&amp;height=572\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Semiconductor stocks have outperformed the broader market through the pandemic.<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>SOXX holds 30 stocks of the largest U.S.-listed semiconductor manufacturers and companies that make specialized equipment used by chip makers. The ETF is concentrated, with Nvidia Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+1.29%<\/bg-quote><br \/>\n       making up 9.2% of the portfolio. The top five holdings, which also include Broadcom Inc.<br \/>\n        AVGO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200646538\/composite\" class=\"negative\">-0.15%<\/bg-quote><span>,<\/span><br \/>\n       Intel Corp.<br \/>\n        INTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203649727\/composite\" class=\"negative\">-0.07%<\/bg-quote><span>,<\/span><br \/>\n       Qualcomm Inc.<br \/>\n        QCOM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206679220\/composite\" class=\"negative\">-0.63%<\/bg-quote><br \/>\n       and Texas Instruments Inc.<br \/>\n        TXN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202237907\/composite\" class=\"positive\">+0.05%<\/bg-quote><span>,<\/span><br \/>\n       make up 35% of the portfolio.<\/p>\n<p>That type of performance would lead  investors to expect SOXX to trade higher on a price-to-earnings basis than the broader market, but this isn\u2019t the case. Here\u2019s how forward P\/E ratios have moved on a rolling 12-month basis since the end of 2019:<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:78%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-378922?width=540&amp;size=1.282565130260521 540w, https:\/\/images.mktw.net\/im-378922?width=620&amp;size=1.282565130260521 620w, https:\/\/images.mktw.net\/im-378922?width=639&amp;size=1.282565130260521 639w, https:\/\/images.mktw.net\/im-378922?width=700&amp;size=1.282565130260521 700w, https:\/\/images.mktw.net\/im-378922?width=700&amp;size=1.282565130260521&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-378922?width=700&amp;size=1.282565130260521&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-378922?width=700&amp;size=1.282565130260521&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-378922?width=700&amp;height=546\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Despite outperforming the broader market since the end of 2019 by a wide margin, SOXX trades at a lower forward P\/E than SPY and a much lower forward P\/E than QQQ.<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>Now let\u2019s look at projected growth rates for sales, earnings per share and free cash flow per share for SOXX, SPX and QQQ through 2023, based on consensus estimates among analysts polled by FactSet. <\/p>\n<p>First, sales:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>ETF<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected sales increase \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected sales increase \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected sales increase \u2013 2021<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      iShares Semiconductor ETF<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      27%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SPDR S&amp;P 500 ETF Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Invesco QQQ Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      20%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The semiconductor group is expected to lead for sales growth during a banner 2021 and rank slightly behind QQQ in 2022. The projected sales-growth rate for QQQ is much lower for 2023, but that is pretty far out, considering how much sales (and sales estimates) have increased this year.<\/p>\n<p>Here are growth projections for EPS:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>ETF<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected EPS increase \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected EPS increase \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected EPS increase \u2013 2021<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      iShares Semiconductor ETF<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      40%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SPDR S&amp;P 500 ETF Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      45%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Invesco QQQ Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      38%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For EPS, the semiconductor group is expected to remain in the lead through next year, before cooling off in 2023.<\/p>\n<p>Here are growth estimates for free cash flow per share:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>ETF<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected FCF increase \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected FCF increase \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Expected FCF increase \u2013 2021<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      iShares Semiconductor ETF<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -10%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      20%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      26%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SPDR S&amp;P 500 ETF Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      15%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      42%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Invesco QQQ Trust<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      15%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      30%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These are excellent numbers across the board for 2021 and 2022, with the semiconductor group expected to slow during 2023.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Fast-sales_growers_in_the_SOXX_group\"><\/span>Fast-sales growers in the SOXX group<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Now let\u2019s look at projected compound annual growth rates (CAGR) for SOXX. Here are the 10 semiconductor companies expected by analysts to show the best three-year sales CAGR through calendar 2023, for which the underlying estimates are available (the sales numbers are in millions of dollars):<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Three-year expected sales CAGR<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2020<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Advanced Micro Devices Inc.<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+2.30%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      27.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $20,260<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $17,986<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $15,433<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $9,763<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Marvell Technology Inc.<br \/>\n        MRVL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200053236\/composite\" class=\"positive\">+0.10%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      24.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $5,693<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,965<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,116<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $2,947<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Universal Display Corp.<br \/>\n        OLED,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204221853\/composite\" class=\"negative\">-2.02%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      23.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $808<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $680<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $560<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $429<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Nvidia Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+1.29%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      23.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $30,253<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $27,138<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $24,180<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $16,189<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Monolithic Power Systems Inc.<br \/>\n        MPWR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204177258\/composite\" class=\"positive\">+1.16%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      23.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,573<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,354<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,168<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $844<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Cree Inc.<br \/>\n        CREE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204547734\/composite\" class=\"positive\">+0.17%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,242<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $864<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $660<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $765<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ASML Holding NV ADR<br \/>\n        ASML,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210293876\/composite\" class=\"positive\">+0.38%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $27,371<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $25,346<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $22,147<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $16,886<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Taiwan Semiconductor Manufacturing Co. Ltd. ADR<br \/>\n        TSM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204359850\/composite\" class=\"positive\">+0.19%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $77,004<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $65,528<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $56,365<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $47,860<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Qualcomm Inc.<br \/>\n        QCOM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206679220\/composite\" class=\"negative\">-0.63%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $37,057<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $36,781<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $33,853<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $24,520<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Lam Research Corp.<br \/>\n        LRCX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208077897\/composite\" class=\"positive\">+0.69%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $18,600<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $17,900<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $16,119<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $12,368<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The sales numbers for 2020 are \u201cestimated\u201d because some companies\u2019 fiscal periods don\u2019t match the calendar.<\/p>\n<p>Note that estimates for calendar 2023 aren\u2019t yet available for five of the SOXX companies, including Micron Technology Inc.<br \/>\n        MU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205710729\/composite\" class=\"positive\">+0.08%<\/bg-quote><br \/>\n       and Skyworks Solutions Inc.<br \/>\n        SWKS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201417573\/composite\" class=\"positive\">+1.53%<\/bg-quote><span>,<\/span><br \/>\n       which are expected to show the best two-year sales growth rates among the five.<\/p>\n<p>For Micron, analysts expect sales to increase to $38.46 billion in 2022 from an adjusted $23.53 billion in 2020, for a two-year CAGR of 27.9%. For Skyworks, analysts expect sales to grow to $5.87 billion in 2022 from an adjusted $3.8 billion in 2020, for a CAGR of 24.3%.<\/p>\n<p>Leaving the projected sales-growth winners through 2023 in the same order and adding Micron and Skyworks, here are forward P\/E ratios and a summary of analysts\u2019 opinions about the stocks:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Forward P\/E<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Share \u201cbuy\u201d ratings<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Closing price \u2013 July 30<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Consensus price target<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Implied 12-month upside potential<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Advanced Micro Devices Inc.<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+2.30%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      40.4<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      59%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $106.19<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $111.70<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Marvell Technology Inc.<br \/>\n        MRVL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200053236\/composite\" class=\"positive\">+0.10%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      40.8<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      79%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $60.51<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $60.88<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Universal Display Corp.<br \/>\n        OLED,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204221853\/composite\" class=\"negative\">-2.02%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      55.1<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      71%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $234.49<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $258.17<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Nvidia Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+1.29%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      48.6<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      83%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $194.99<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $194.04<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Monolithic Power Systems Inc.<br \/>\n        MPWR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204177258\/composite\" class=\"positive\">+1.16%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      60.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      77%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $449.26<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $462.38<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Cree Inc.<br \/>\n        CREE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204547734\/composite\" class=\"positive\">+0.17%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      29%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $92.76<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $114.69<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      24%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ASML Holding NV ADR<br \/>\n        ASML,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210293876\/composite\" class=\"positive\">+0.38%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      41.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      73%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $766.74<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $797.78<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Taiwan Semiconductor Manufacturing Co. Ltd. ADR<br \/>\n        TSM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204359850\/composite\" class=\"positive\">+0.19%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      27.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      89%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $116.64<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $146.33<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      25%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Qualcomm Inc.<br \/>\n        QCOM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206679220\/composite\" class=\"negative\">-0.63%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      16.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      62%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $149.80<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $181.91<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      21%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Lam Research Corp.<br \/>\n        LRCX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208077897\/composite\" class=\"positive\">+0.69%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19.0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      73%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $637.41<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $746.90<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Micron Technology Inc.<br \/>\n        MU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205710729\/composite\" class=\"positive\">+0.08%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      7.3<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      88%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $77.58<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $120.55<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      55%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Skyworks Solutions Inc.<br \/>\n        SWKS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201417573\/composite\" class=\"positive\">+1.53%<\/bg-quote>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      57%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $184.51<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $215.71<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The consensus price target for Nvidia is slightly lower than the closing price on July 30. So the analysts consider the stock to be fully valued. Then again, Wall Street is fixated on 12-month price targets \u2014 that\u2019s actually a short period for committed long-term investors. <\/p>\n<p>It\u2019s also worth noting that Micron \u2014 one of the analysts\u2019 favorites on the list \u2014 trades for a very low P\/E.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Philip van Doorn\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/philip-vandoorn\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/PhilipvanDoorn\",\"text\":\"@PhilipvanDoorn\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:pvandoorn@marketwatch.com\",\"text\":\"pvandoorn@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Philip_van_Doorn\"><\/span>Philip van Doorn<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-757C-F6165CE066DF%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Deep Dive: Semiconductor stocks are rallying \u2014 and they still look like bargains&#8221; Stellar earnings are propelling chip makers\u2019 shares, which trade cheaply compared with the broader stock market Semiconductor stocks haven\u2019t risen in a straight line this year, but they have recovered from their last dip in May. Now the group is expected to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":314453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-314452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=314452"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/314453"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=314452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=314452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=314452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}