USA

What are the best semiconductor stocks to invest in 2022? 4 to watch this week

Semiconductors are tiny electronic devices used to power everything from computers and cell phones to solar panels and cars. The semiconductor industry is very important as semiconductor chips are used in most electronic devices. semiconductor stocks See the stocks of the companies that make these chips.chip manufacturers such as Intel Corporation (Nasdaq: INTC) When Samsung Electronics (OTCMKTS: SSNLF) is one of the world’s largest semiconductor companies.

Investing in semiconductor stocks is risky as the industry is subject to volatile fluctuations in demand.but many stock market Investors believe semiconductor stocks will continue to outperform the market over the long term. However, investing in semiconductor stocks also comes with risks, such as the possibility of technological obsolescence.

The increasing importance of semiconductors as our world becomes more digital and interconnected could potentially be an attractive bet for long-term investors.So here are four top semiconductor stocks for your list this week.

semiconductor stocks to buy [Or Avoid] now

1. Micron Technology (MU Corporation)

Start with today’s list micron technology (m). In summary, Micron is one of the world’s largest manufacturers of semiconductor devices. The company offers a wide range of products including DRAM, SRAM, Flash memory and other semiconductor devices. Micron’s products are used in a variety of applications including computer memory, mobile phones, digital cameras and automotive electronics.

MU Recent Stock News

Meanwhile, just last week, Micron Technology reported financial results for the fourth quarter of 2022 and the full year of 2022. In the report, the company announced record revenue in areas such as mobile, automotive, industrial and network. His Micron Technology report for the fourth quarter of 2022 shows earnings per share of $1.36 and revenue of $6.6 billion. However, revenue in Q4 2022 decreased by 19.7% year-on-year.

Separately, full-year 2022 revenue was $30.76 billion, compared with $27.71 billion a year earlier. Also, operating cash flow for fiscal 2022 was $15.8 billion, compared to his $12.47 billion in 2021. Further, the company said it expects non-GAAP results for the first quarter to range from a loss of $0.06 per share to earnings of $0.14 per share. Sales are estimated at $4 billion to $4.5 billion.

Sanjay Mehrotra, President and CEO of Micron Technology, commented:In fiscal 2022, Micron posted record revenues of $30.8 billion, achieved positive free cash flow for the sixth consecutive year, and was able to return a record $2.9 billion to shareholders. Our technology and manufacturing leadership in both DRAM and NAND, our deep customer relationships, our diverse product portfolio, and our strong balance sheet provide Micron with a strong foundation to weather a weakening near-term supply and demand environment. increase.

MU Stock Chart

MU shares are set to open this week’s trading session at $50.10 after closing last week’s low at 0.35%. With this in mind, would you keep Micron Technology stock on your radar for semiconductor stocks in the stock market this week?

Source: TD Ameritrade TOS

[Read More] 3 consumer discretionary stocks on today’s watchlist

2. Texas Instruments (TXN stock)

Next, let’s check Texas Instruments (TXN stock). For the most part, Texas Instruments is a global semiconductor design and manufacturing company. The company focuses on the development of analog chips and embedded processors. Texas Instruments, in turn, serves electronics manufacturers in the automotive, computing, consumer electronics, industrial automation, and healthcare markets.

TXN Recent Stock News

Just last month, Texas Instruments announced it had increased its quarterly cash dividend to $1.24 per share from $1.15 per share, reflecting an 8% increase. As a result, this equates to a current annual dividend yield of 3.20% for his TXN shareholders. With this dividend increase, the company has continued to increase its dividend for 19 consecutive years.

In addition, the company also announced that its board of directors has authorized an additional $15 billion in common stock repurchases. For context, this is in addition to the company’s previously announced share buyback program of approximately $8.2 billion in June 2022. Therefore, as of the second quarter of 2022, TXN has reduced its shares outstanding by nearly 47% from the end of 2004 through a share buyback of its common stock.

TXN Stock Chart

TXN shares are still down 18.79% in 2022. Entering the new trading week, TXN shares are set to open Monday’s trading session at $154.78 per share.

TXN strain
Source: TD Ameritrade TOS

3. Taiwan Semiconductor MFG Co. (TSM Shares)

Taiwan semiconductor manufacturing company (TSM) is a Taiwan-based company. In fact, TSMC is one of the world’s largest semiconductor foundries. First and foremost, the company offers a comprehensive range of wafer fabrication processes including embedded non-volatile memory, silicon on insulator (SOI), high voltage and 3D IC technologies.

TSMC also offers a wide range of packaging and testing services. As for scale, as of 2021, Taiwan Semiconductor Manufacturing Company has deployed 291 different process technologies and he has manufactured 12,302 products for 535 customers.

TSM Recent Stock News

Last month, the company announced that it will release its third quarter 2022 earnings on Tuesday, October 13, 2022 at 2:00 p.m. In the meantime, let’s take a closer look at his TSMC performance in Q2 2022.

Back in July, Taiwan Semiconductor Manufacturing Company posted better-than-expected results for the second quarter of 2022. Diving in, TSM reported Q2 2022 revenue of $18.2 billion. This represented a 37% increase in his earnings in the same period last year. Additionally, TSMC announced that he will earn $1.55 per share for the second quarter of 2022.

In the second quarter, the company showed that most of its progress was the result of strong markets in the automotive and IoT chip industries. It should come as no surprise that investors are starting to pay close attention to TSMC ahead of his Q3 2022 financial results.

TSM Stock Chart

Coming into this trading week, TSM stock looks set to open at $68.56 per share. Given that TSM shares are trading at a 52.71% discount from their 52-week high of $145 per share, do you think now is the right time to add TSM to your long-term portfolio?

TSM strain
Source: TD Ameritrade TOS

[Read More] Tech stocks to buy right now? 3 Things to watch for 2022

4. NVIDIA (NVDA stock)

Rounding the list is NVIDIA Corporation (NVDA). For starters, Nvidia Corporation is an American technology company. The company focuses on designing and manufacturing graphics processing units (GPUs) for the gaming and professional markets. So are system-on-chip units (SoCs) for the mobile computing and automotive markets. Nvidia’s flagship product line, GeForce, delivers high performance for gaming and other demanding applications.

NVDA Recent Stock News

In recent news, NVIDIA announced last month that it would work with Deloitte to launch a news service built on NVIDIA’s AI and Omniverse platform. Specifically, this expanded collaboration aims to enable companies around the world to develop and deploy hybrid cloud solutions using his technology platform from Nvidia.

AI and metaverse technologies are reshaping the foundations of our economy.NVIDIA founder and CEO Jensen Huang said: “NVIDIA and Deloitte are working together to help companies apply AI to create new products and services that reinvent industries.

NVDA Stock Chart

NVDA’s stock was still down about 59.70% as of last Friday’s close. NVDA shares are expected to open at $121.39 per share this week. Overall, do you think now is a good time to buy NVDA stock at these price levels?

NVDA Stock Chart
Source: TD Ameritrade TOS

If you enjoyed this article and are interested in learning how to trade and maximizing your chances of making a consistent profit, you should check out this YouTube channel.
Click here now!!

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/best-semiconductor-stocks-to-invest-in-2022-4-to-watch-this-week What are the best semiconductor stocks to invest in 2022? 4 to watch this week

Back to top button