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The Zacks Analyst Blog Highlights: Maxim Integrated Products, NVIDIA, Texas Instruments and NXP Semiconductors
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For Immediate Release
Chicago, IL – November 4, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Maxim Integrated Products, Inc. , NVIDIA Corporation (NVDA - Free Report) , Texas Instruments Incorporated (TXN - Free Report) and NXP Semiconductors N.V. (NXPI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Global Semiconductor Sales Rise in Q3: 4 Solid Stocks to Buy
Global semiconductor sales increased year over year in September. Also, the semiconductor industry put up a great show in the third quarter, according to the Semiconductor Industry Association (“SIA”). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered compared to other sectors by the coronavirus pandemic.
Moreover, with sales of smartphones gradually rebounding in major markets like China and more people spending time on their mobile phones, thanks to the pandemic, the semiconductor industry might stand to benefit in the near term.
Global Semiconductor Sales Increase YoY
Global sales of semiconductors jumped 4.5% in September to $37.9 billion, according to SIA. Also, September sales were 5.8% higher than the year-ago period. Besides, it was an overall great third quarter for the semiconductor industry. Worldwide sales of chips totaled $113.6 billion in the quarter, reflecting an increase of 11% from the second quarter and 5.8% year over year.
Regionally, on a month-over-month basis, chip sales jumped 7.9% in China, 3.3% each in Europe and Asia Pacific, and 2.2% in Japan. Similarly, sales increased 20.2% year over year in the Americas, 6.5% in China and 2.9% in Japan.
Chipmakers to Gain in the Near Term
Although the semiconductor industry has shown steady growth, it has fallen short of other technology counterparts like Internet and cloud computing during the pandemic. However, sales are fast gathering pace once again.
Slowing smartphone sales during the coronavirus pandemic owing to shipments getting stuck became a major cause of concern for not only mobile manufacturers but also chipmakers. That seems to be changing now with economies having opened up.
Also, China, which one of the biggest markets for microchips, has finally started rebounding. Demand for semiconductors is also likely to get a boost from the 5G boom in Europe and parts of Asia, including China and Singapore. According to the IDC Semiconductor Application Forecaster, 5G volumes are likely to grow this year which is further going to help the semiconductor market.
Our Choices
With economies having finally reopened, smartphone sales rebounding and the 5G boom, it is likely that semiconductor manufacturers will benefit in the days to come. Below are four chip stocks that investors can gain from in the current scenario.
Maxim Integrated Products is an original equipment manufacturer of semiconductor analog and mixed signal integrated circuits. The company has a broad product portfolio that includes analog-to-digital converters, amplifiers and comparators, communications devices, data converters and management components, sensors and wireless products.
The company’s expected earnings growth rate for the current year is 23%. The Zacks Consensus Estimate for current-year earnings has improved 12.6% over the past 60 days. Maxim Integrated Products holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high performance computing, gaming and virtual reality platforms.
The company’s expected earnings growth rate for the current year is 57.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. NVIDIA holds a Zacks Rank #2.
Texas Instruments is an original equipment manufacturer of analog, mixed signal and digital signal processing integrated circuits.
The company’s expected earnings growth rate for the current year is 4.4%. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the past 60 daysTexas Instruments carries a Zacks Rank #2.
NXP Semiconductors provides high performance mixed signal and standard product solutions that leverage its RF, analog, power management, interface, security, as well as digital processing expertise.
The company’s expected earnings growth rate for next year is 34.3%. The Zacks Consensus Estimate for current-year earnings has improved 24.9% over the past 60 days. NXP Semiconductors sports a Zacks Rank #1.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Maxim Integrated Products, NVIDIA, Texas Instruments and NXP Semiconductors
For Immediate Release
Chicago, IL – November 4, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Maxim Integrated Products, Inc. , NVIDIA Corporation (NVDA - Free Report) , Texas Instruments Incorporated (TXN - Free Report) and NXP Semiconductors N.V. (NXPI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Global Semiconductor Sales Rise in Q3: 4 Solid Stocks to Buy
Global semiconductor sales increased year over year in September. Also, the semiconductor industry put up a great show in the third quarter, according to the Semiconductor Industry Association (“SIA”). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered compared to other sectors by the coronavirus pandemic.
Moreover, with sales of smartphones gradually rebounding in major markets like China and more people spending time on their mobile phones, thanks to the pandemic, the semiconductor industry might stand to benefit in the near term.
Global Semiconductor Sales Increase YoY
Global sales of semiconductors jumped 4.5% in September to $37.9 billion, according to SIA. Also, September sales were 5.8% higher than the year-ago period. Besides, it was an overall great third quarter for the semiconductor industry. Worldwide sales of chips totaled $113.6 billion in the quarter, reflecting an increase of 11% from the second quarter and 5.8% year over year.
Regionally, on a month-over-month basis, chip sales jumped 7.9% in China, 3.3% each in Europe and Asia Pacific, and 2.2% in Japan. Similarly, sales increased 20.2% year over year in the Americas, 6.5% in China and 2.9% in Japan.
Chipmakers to Gain in the Near Term
Although the semiconductor industry has shown steady growth, it has fallen short of other technology counterparts like Internet and cloud computing during the pandemic. However, sales are fast gathering pace once again.
Slowing smartphone sales during the coronavirus pandemic owing to shipments getting stuck became a major cause of concern for not only mobile manufacturers but also chipmakers. That seems to be changing now with economies having opened up.
Also, China, which one of the biggest markets for microchips, has finally started rebounding. Demand for semiconductors is also likely to get a boost from the 5G boom in Europe and parts of Asia, including China and Singapore. According to the IDC Semiconductor Application Forecaster, 5G volumes are likely to grow this year which is further going to help the semiconductor market.
Our Choices
With economies having finally reopened, smartphone sales rebounding and the 5G boom, it is likely that semiconductor manufacturers will benefit in the days to come. Below are four chip stocks that investors can gain from in the current scenario.
Maxim Integrated Products is an original equipment manufacturer of semiconductor analog and mixed signal integrated circuits. The company has a broad product portfolio that includes analog-to-digital converters, amplifiers and comparators, communications devices, data converters and management components, sensors and wireless products.
The company’s expected earnings growth rate for the current year is 23%. The Zacks Consensus Estimate for current-year earnings has improved 12.6% over the past 60 days. Maxim Integrated Products holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high performance computing, gaming and virtual reality platforms.
The company’s expected earnings growth rate for the current year is 57.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. NVIDIA holds a Zacks Rank #2.
Texas Instruments is an original equipment manufacturer of analog, mixed signal and digital signal processing integrated circuits.
The company’s expected earnings growth rate for the current year is 4.4%. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the past 60 daysTexas Instruments carries a Zacks Rank #2.
NXP Semiconductors provides high performance mixed signal and standard product solutions that leverage its RF, analog, power management, interface, security, as well as digital processing expertise.
The company’s expected earnings growth rate for next year is 34.3%. The Zacks Consensus Estimate for current-year earnings has improved 24.9% over the past 60 days. NXP Semiconductors sports a Zacks Rank #1.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.