Key Factors
2024 picks up the place 2023 left off, with semiconductor shares grabbing the headlines, fueled by the AI revolution and Nvidia.
Shares of Tremendous Micro Laptop have surged practically 260% year-to-date, fueled by a thriving sector and a considerable earnings beat.
5 semiconductor shares below $10 current attention-grabbing alternatives, backed by analyst purchase rankings.
5 shares we like higher than ASE Know-how
Within the ever-changing area of investing, alternatives typically come up in sudden locations. Whereas big-name firms like Nvidia seize the headlines with their meteoric rises, a lesser-known however equally promising section throughout the semiconductor sector is catching the eye of savvy buyers.
In 2023, the market witnessed a resurgence within the semiconductor business, fueled by the continuing revolution in synthetic intelligence (AI). 2024 has since picked up proper the place 2023 left off. Nvidia, a frontrunner on this area, has soared to new heights, claiming its spot because the third most beneficial firm globally. With a staggering 50% surge in simply three months and a jaw-dropping 220% improve over the previous yr, Nvidia’s efficiency speaks volumes in regards to the potential of AI-driven applied sciences.Get ASE Know-how alerts:Signal Up
However a hidden gem has emerged amidst the highlight on business giants, shaking up the semiconductor panorama. Tremendous Micro Laptop, a comparatively lesser-known participant, has despatched shockwaves by way of the market with its exceptional earnings beat. The consequence? An outstanding 200% surge in inventory worth over the past month and an astonishing 1000% development over the earlier yr.
There are intriguing alternatives for buyers eager on exploring the semiconductor sector with out breaking the financial institution. Listed here are 5 semiconductor shares priced below $10, every with purchase rankings from analysts.
5 Semi shares below $10
Magnachip Semiconductor NYSE: MX
Magnachip Semiconductor Company focuses on designing and manufacturing analog and mixed-signal semiconductor platform options for numerous purposes equivalent to communications, the Web of Issues (IoT), client electronics, industrial makes use of, and automotive applied sciences. Their product choices embrace show options like supply and gate drivers and timing controllers for numerous flat panel shows utilized in cellular gadgets, automotive programs, and extra. The corporate has a market capitalization of $253 million and is buying and selling on the low finish of its 52-week vary. Based mostly on two analyst rankings, MX has a purchase score and consensus worth goal of $11.50, forecasting an upside of over 75%.
Himax Applied sciences NASDAQ: HIMX
Himax Applied sciences, Inc., a semiconductor firm working with out its personal manufacturing amenities (fabless), presents superior show imaging processing applied sciences throughout numerous areas, together with China, Taiwan, the Philippines, Korea, Japan, Europe, and america. The corporate’s operations are divided into two segments: Driver IC and Non-Driver Merchandise.
Like MX, shares of HIMX are additionally buying and selling close to the low finish of its 52-week vary. Nevertheless, HIMX possesses a extra vital market capitalization of just below $1 billion. Based mostly on one analyst, the semiconductor firm has a purchase score and worth goal forecasting nearly 50% upside.

ASE Know-how Holding Co., Ltd. and its subsidiaries supply world semiconductor packaging and testing providers. Moreover, they supply digital manufacturing providers throughout numerous areas, together with america, Taiwan, Asia, and Europe. Their numerous providers embrace actual property growth and administration, substrate manufacturing, data software program, gear leasing, funding advisory, warehousing administration, and buying and selling of laptop and communication peripherals, digital parts, and telecommunications gear.
Shares of ASE Know-how are up double-digits over the earlier three months and buying and selling close to the excessive finish of its 52-week vary. The corporate has a $20.85 billion valuation and a average purchase score based mostly on two analyst rankings.
Arteris NASDAQ: AIP
Arteris, Inc. delivers semiconductor interconnect mental property (IP) options globally. Specializing in on-chip interconnect cloth know-how for System-on-Chip (SoC) and Community-on-Chip (NoC) designs, the corporate develops, licenses, and helps numerous IP deployment options. Their product lineup consists of FlexNoC and FlexWay silicon-proven interconnect IP merchandise, Ncore for cache-coherent interconnect IP, and CodaCache for last-level cache semiconductor IP.
Based mostly on three analyst rankings, the corporate has a purchase score and worth goal forecasting simply over 100% upside. Shares have impressed recently, with the inventory climbing 72% over the earlier three months and up over 30% year-to-date.
Navitas Semiconductor NASDAQ: NVTS
Navitas Semiconductor Company focuses on designing, creating, and advertising and marketing gallium nitride energy built-in circuits, silicon carbide, high-speed silicon system controllers, and digital isolators for energy conversion and charging purposes. Their merchandise discover utility throughout numerous sectors, together with cellular, client electronics, knowledge facilities, photo voltaic vitality, electrical autos, industrial motor drives, sensible grids, and transportation.
Whereas the inventory has elevated over 15% over the earlier yr, it has fallen over 16% year-to-date. Notably, the inventory has skilled vital insider promoting and possesses a substantial quick curiosity of 11.44%. Nevertheless, regardless of the decline, analysts have positioned a consensus average purchase score on the inventory and worth goal forecasting an nearly 50% upside.Earlier than you take into account ASE Know-how, you will need to hear this.Whereas ASE Know-how at present has a “Average Purchase” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.View The 5 Shares Right here Do you count on the worldwide demand for vitality to shrink?! If not, it is time to try how vitality shares can play an element in your portfolio.Get This Free Report