We Discuss 3 Semiconductor Stocks Investors Are Buying in October 2021, Plus Stock Price Targets for Each Company
A brief look at 3 Semiconductor stocks that investors are buying in October 2021. We also provide the most updated financial multiples for each company, which often provides clues about why investors may be interested, each of which is trading at a discount in the stock market.
All companies were identified using the Simple Investing Success stock screener, which scans for companies meeting our simple criteria of cheap and good, using simple metrics for discount and valuation.
3 Semiconductor Stocks Investors Are Buying
Let’s take a closer look at each company.
- Market Cap: $6.27B
- Earnings Yield: 24.51%
- 52-week range: $10.83 – $29.50
- Analyst Price target: $31.62
- Price/Free Cash Flow: 23.89
- Price/Sales: 1.23
- Price/Earnings: 13.49
Amkor Technology provides outsourced semiconductor packaging and test services in the United States and internationally. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe and package design. The company also provides chip package products for use in smartphones, tablets, and other mobile consumer electronic devices.
Amkor primarily serves device manufacturers, semiconductor companies and original equipment manufacturers. The company was founded in 1968 and is headquartered in Tempe, Arizona. The current CEO is Giel Rutten.
The YTD performance for AMKR is 66.84%.
- Market Cap: $822.25M
- Earnings Yield: 9.82%
- 52-week range: $12.75 – $26.98
- Analyst Price target: $25.44
- Price/Free Cash Flow: NA
- Price/Sales: 1.62
- Price/Earnings: 20.60
Magnachip Semiconductor manufactures and supplies analog and mixed-signal semiconductor platform solutions for communications, Internet of Things and automotive applications. Magnachip focuses on display solutions and timing controllers that cover a range of flat panel displays used in mobile communications, cars and televisions.
The company serves consumer, computing and industrial electronics original equipment manufacturers in the US and internationally. Magnachip sells its products through direct sales and a network of agents and distributors.
Magnachip Semiconductor was founded in 2004 is based in Luxembourg, Luxembourg. The current CEO is YJ Kim.
The YTD performance for MX is 30.62%.
- Market Cap: $219.8B
- Earnings Yield: 16.97%
- 52-week range: $43.61 – $68.49
- Analyst Price target: $65.37
- Price/Free Cash Flow: 18.90
- Price/Sales: 2.94
- Price/Earnings: 12.04
Intel manufactures and sells tech for cloud and connected devices to businesses and consumers worldwide. Intel offers platform products, such as central processing units and chipsets, and system-on-chip and multi-chip packages. The company also provides accelerators, boards and systems, connectivity products, and memory and storage products. Intel serves original equipment manufacturers, original design manufacturers and cloud service providers.
The company was founded in 1968 and is headquartered in Santa Clara, California. The current CEO is Patrick Gelsinger.
The YTD performance for INTC is 8.01%.
We hope you enjoyed this list of the Semiconductor stocks that investors are buying in October 2021. Be sure to add these picks to your Watch List and if you haven’t done so already, check in on the performance of our Current Portfolio. Keep it simple and always do your due diligence.
This material is provided for informational purposes only and is not financial advice. The information contained herein should not solely be used for the formation of an investment decision, whether you are a long term or short term investor.