Robert Way In this article, I’ll explain why I consider the VanEck Semiconductor ETF (NASDAQ:SMH) to be a preferable choice over the iShares Semiconductor ETF (SOXX). SMH and SOXX rank first and second-largest Semiconductor ETFs by assets under management (AUM) and share the same expense ratio of 0.35%. ETF Issuer AUM $B (source: Seeking Alpha)…
SweetBunFactory Investment thesis BE Semiconductor Industries N.V. (OTC:BESIY) is a company that has a prominent place in my portfolio. November the 9th was the last time a wrote about the company and a lot has happened since then, BESIY has shot up to an all-time high of €182 per share. BESIY share price development (Google…
Lattice Semiconductor Corporation (NASDAQ:LSCC) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Rick Muscha – Vice President of Investor RelationsJim Anderson – President, Chief Executive Officer, DirectorSherri Luther – Chief Financial Officer Conference Call Participants Melissa Weathers – Deutsche BankQuinn Bolton – NeedhamMatt Ramsey – TD CowenDavid Williams – BenchmarkChristopher…
Justin Sullivan/Getty Images News ON Semiconductor Corporation (NASDAQ:ON), rebranded several years ago as OnSemi, may be an interesting stock for those investors looking for value in the semiconductor manufacturing space. The company primarily supplies chips to the auto and industrial industries, markets that are currently in a cyclical downturn that began in the latter half…
crstrbrt Alpha and Omega Semiconductor (NASDAQ:AOSL), a supplier of power semiconductors, has fallen below a price level that had provided support to the stock for about a whole year. The stock bounced each time whenever it reached this level, but that is not what happened this week. The price action is bearish for several reasons,…
Michael Vi/iStock Editorial via Getty Images Dear subscribers, I don’t often provide articles on semiconductor companies, and it has, in fact, been some time since I reviewed the former Siemens company Infineon (OTCQX:IFNNY). However, I believe the time has come to do exactly that, given that the company trades at a sub-15x P/E. My last…
MF3d Lam Research (NASDAQ:LRCX) is the stalwart backbone of the semiconductor industry producing the wafer fabrication equipment required to produce semiconductors worldwide. While it doesn’t have the monopoly status of ASML Holdings (ASML) with its advanced EUV lithography machines, it is an integral and essential part of the semiconductor food chain, without which most of…
Natali_Mis/iStock via Getty Images Chips Have 2-Sides At first glance, the metrics appear grim for investors in Magnachip Semiconductor Corp (NYSE:MX). This 40-year-old, South Korea-based designer and manufacturer of analog and mixed-signal semiconductors for communications, IoT, consumer, industrial, and automotive applications deserves the Sell Quant Rating from Seeking Alpha. However, there is another side to…
MF3d Investment Thesis The VanEck Semiconductor ETF (NASDAQ:SMH) has performed remarkably over the last five years. The fund’s low expense ratio and fees combined with close replication of what has been a massively lucrative industry has generated superb returns for shareholders. However, an increasingly bearish macro combined with what I believe is a potential overvaluation…
SweetBunFactory I discussed my ‘Strong Buy’ thesis for ON Semiconductor (NASDAQ:ON) in my previous coverage in June 2023, emphasizing their key strengths in carbide and electrification in the auto and industrial end-markets. I forecast the company will deliver double-digit revenue growth and explosive FCF growth over the next few years. I reiterate a ‘Strong Buy’…
Eoneren Investment Thesis Navitas Semiconductor Corporation (NASDAQ:NVTS) is a rapidly growing small-cap semiconductor company specializing in gallium nitride “GaN” and silicon carbide “SiC” components for power electronics. GaN and SiC devices offer many advantages compared to legacy silicon and are increasingly replacing silicon semiconductors in a wide variety of applications, as well as enabling new…
SweetBunFactory/iStock via Getty Images Investment Thesis ON Semiconductor (NASDAQ:ON) is a leading chip designer for power systems, image sensors, and complementary products. ON combines chip design with full vertically integrated manufacturing. ON has spent the last couple of years redefining what they are as a business. This includes the sale of multiple fabs, and low…
Tippapatt After watching the company closely for some time now, I have decided to downgrade Valens Semiconductor Ltd. (NYSE:VLN) to a Sell rating, which I will elaborate in greater detail below. I have covered Valens Semiconductor on Seeking Alpha for some time now. In my latest article, I argued that if the company is unable…
Yuichiro Chino/Moment via Getty Images U.S. domestic markets saw gains, the S&P 500 rising, and the Nasdaq gaining, driven by upbeat semiconductor earnings, boosting investor confidence amid lower rate cut expectations. U.S. domestic markets gained during the recent period between Index selection dates (January 10, 2024 to February 8, 2024, the “Period”). The S&P 500…
Lattice Semiconductor Corporation (NASDAQ:LSCC) Q4 2023 Results Conference Call February 12, 2024 5:00 PM ET Company Participants Rick Muscha – Vice President of Investor Relations James Anderson – Chief Executive Officer Sherri Luther – Chief Financial Officer Conference Call Participants Quinn Bolton – Needham Hans Mosesmann – Rosenblatt Securities Matt Ramsey – TD Cowen Melissa…
SweetBunFactory Through 2024, we expect further semiconductor industry growth driven by broad industry demand. Overview We believe the semiconductor industry is expected to continue to rebound significantly at a notable growth rate in 2024. The resurgence is driven by increasing demand from various industries and applications. While general optimism about the industry’s growth potential exists,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rally in US chip stocks that has seen Nvidia and AMD more than double in value over the past year is under pressure after warnings that the artificial intelligence boom is masking a broader…
zorazhuang Investment Rundown Even after falling around 40% from its highs back in February of last year, Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) still looks quite expensive. The short interest has risen and sits at 3.16% right now, which will be aiding in pushing the share price down over the short term even more I…
da-kuk Introduction “Chip stocks,” or companies that produce semiconductors and computer hardware, are very hot on Wall Street and have been for the last decade with seemingly no stopping in sight. It’s no wonder then that the iShares Semiconductor ETF (NASDAQ:SOXX) has also been on a tear and has made investors eager to “invest in…
zorazhuang Investment Rundown One of the hardest hit sectors when the interest rates began to increase last year was the tech sector. Looking at the stock chart for Tower Semiconductor Ltd (NASDAQ:TSEM), I think we are looking at a very appealing opportunity right now for investing. The valuation has come down to what I think…
PonyWang My followers know I have been bullish on the semiconductor sector for years. That is due to multiple powerful catalysts. Among them are growth across a variety of technology sub-sectors: high-speed networking, data centers, 5G handsets and infrastructure, EVs, clean-tech, and the on-shoring of supply-chains – just to name a few. The VanEck Semiconductor…
adventtr Dear readers/followers, If there’s a single positive thing I can say about my thesis and my following of BESI, or BE Semiconductor (OTC:BESIY), it’s the fact that I have a documented long position in the company that I have not yet sold. However, I’ve also made the mistake of underestimating the pathway to overvaluation…
sefa ozel Investment Thesis ProShares Ultra Semiconductors ETF (NYSEARCA:USD) warrants a buy rating to take advantage of expected semiconductor industry growth in 2024 and over the next decade. While late 2022 saw a decline in the semiconductor industry, 2024 is expected to see a solid rebound. Although multiple semiconductor ETFs exist, USD utilizes derivative contracts…
ON Semiconductor Corporation (NASDAQ:ON) Nasdaq 49th Investor Conference December 5, 2023 9:00 AM ET Company Participants Hassane El-Khoury – President & Chief Executive Officer Thad Trent – Chief Financial Officer Conference Call Participants Joseph Moore – SeniorAnalyst Joseph Moore Welcome back. I’m Joe Moore. Very happy to have with us today the management team from…
nasakid Semiconductors lie at the heart of supply chains ranging from computers and phones to autos and manufacturing equipment. Activity in the sector can be a guide to wider supply chain activity — indeed the shortages of chips during the pandemic were emblematic of how supply chains can fail under stress. Analysis of the semiconductor…
jejim The Semiconductor Talent Shortage The semiconductor industry is expected to become a trillion-dollar industry by 2030. According to McKinsey analysis, the industry could grow 6%-8% a year up to 2030. The growth of the industry is driven by megatrends that include IoT smart devices, the growth of AI, and increasing demand for robotics and…
SweetBunFactory Investment Thesis At a family gathering, I engaged in a conversation with my cousin about his gaming woes. He lamented that his X-Box’s limited memory forced him to remove beloved games to make way for new ones. Recently, he turned to Cloud Gaming, which bypasses downloads but compromises on graphic quality, resulting in a…
hapabapa In our previous analysis of Texas Instruments Incorporated (NASDAQ:TXN), we expected the company’s growth outlook to remain robust, particularly in the automotive segment (21% exposure) with improved inventory levels. Moreover, we anticipated the company to benefit from the US CHIPS Act benefits on its FCFs. In this analysis, we focused on the company’s dividends…
SweetBunFactory Introduction At the 4th of April I published an article about BE Semiconductor (OTC:BESIY) as a great long term holding in a dividend (growth) portfolio. Since then a lot has happened with the share price. The stock price at publication was €79.2 and only a few months later the stock went way up to…
SweetBunFactory Introduction I wrote my last update on Advantest (OTCPK:ATEYY) (OTCPK:ADTTF) called “Advantest: The AI Hype Is Here” back on May 30, 2023. After initiating coverage on Advantest in my first article from February 28, 2023, with a “strong buy” rating, I had to downgrade my rating to “hold” because the stock had already appreciated…
SweetBunFactory Investment Action In the second quarter of 2023, GlobalFoundries Inc (NASDAQ:GFS) demonstrated commendable financial performance. This achievement was not merely a result of favorable market conditions but also a testament to the company’s strategic foresight and adaptability. Their robust demand in sectors like automotive, industrial IoT, and aerospace and defense underscore their pivotal role…
PM Images/DigitalVision via Getty Images We previously covered ASML Holding N.V. (NASDAQ:ASML) (OTCPK:ASMLF) in July 2023, discussing the sluggish stock movement after the previous FQ2’23 double beat and raised FY2023 outlook. We had rated the stock as a Buy then, with the stock’s depressed levels offering opportunistic growth/ income investors with the chance to dollar…
PhonlamaiPhoto Following its recent earnings call, Lam Research (NASDAQ:LRCX) experienced a significant selloff, a testament to the ever-evolving nature of the semiconductor industry. This sector, which surged amid the tumultuous backdrop of the mid-2019 pandemic, now appears to be entering a more tempered phase, leading to a recalibration of previously soaring stocks. The semiconductor landscape…
adventtr Magnachip Semiconductor Corporation (NYSE:MX) is a long-time holding of mine, and it is time to review where things stand. The stock has gotten massacred recently. There are legitimate reasons for bailing on this, but I’d argue there are also very good reasons to stay on board. Short-term momentum is definitely against you, as evidenced…
FredFroese /iStock via Getty Images We reiterate our buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) aka TSMC. While the slower-than-expected Chinese recovery and macro headwinds pressuring end demand momentum continue, we think the TSMC stock has now priced in the negatives; the stock has underperformed the S&P 500 (SP500) slightly since our cautious…
SweetBunFactory Dear readers/followers, The semi-space is a risky place to invest and be in. The companies here often trade at expansive multiples and carry significant risk potential. Also, their yield is typically zero or very close to zero – only very few have significant dividend yield to reward shareholders. Most of the upside is likely…
piranka/E+ via Getty Images Small-cap Richardson Electronics, Ltd. (NASDAQ:RELL) caught my attention earlier this year as a company with long-term growth potential due to its Green Energy Solutions Business, which could double revenue in the next five years to $500 million. The company has created many highly specialised engineering solutions; however, these solutions have remained…
Annabelle Chih Introduction I upgrade my rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from a Buy to a Strong Buy following a number of recent developments, its Q2 financial results, and a decline in the share price. I last covered TSMC two months ago when I rated the shares a buy. I highly recommend…
mr.suphachai praserdumrongchai/iStock via Getty Images Last month I wrote an article on auto-tech, featuring Nvidia (NVDA), Telsa (TSLA) and Qualcomm (QCOM), positing that autos would be one of the largest users of semiconductors in the future — for automakers to have any serious chances of succeeding in building an autonomous vehicle. Tesla alone is spending…
NVIDIA Corp. (NASDAQ:NVDA) Evercore ISI 2023 Semiconductor & Semiconductor Equipment Conference Call September 6, 2023 9:00 AM ET Company Participants Colette Kress – Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Prisco – Evercore ISI Matthew Prisco Good morning. Welcome all of you to Evercore’s Semiconductor & Semiconductor Equipment Conference 2023. It’s…
PhonlamaiPhoto Growing demand for computing power provides the iShares Semiconductor ETF (NASDAQ:SOXX) with long-term growth prospects. The semiconductor industry has demonstrated a strong performance since the beginning of the year, while the vision for recovery of chip sales in the back half of 2023 could bring further gains. SOXX gained 40% to date, and my…
Olivier Le Moal Introduction I covered Taiwan Semiconductor (NYSE:TSM) back in October 2022 under the headline of “Taiwan Semiconductor: I’m Buying And Here Is Why”. At the time, the stock was trading at its lowest valuation since 2016 and appeared to be a sensible opportunity from both a P/S, P/E and EV/EBITDA perspective. Since then,…
William_Potter I believe semiconductor stocks are likely to decline significantly over the coming quarters for several reasons, including a) I believe most semiconductor stocks are not likely to benefit significantly from the growth of artificial intelligence (“AI”), b) I expect most semiconductor stocks to report weak earnings, c) US-China trade war risks, d) recession risk…