Semis valuation compare
Query: US semiconductor stocks compared by forward P/E, revenue growth YoY, 6-month return and % from 52-week high · data as of 2026-10-09
Built a single comparison table of 45 US-listed semiconductor stocks (memory, logic, analog/mixed-signal, semi equipment, EDA, foundry/OSAT), excluding ETFs and leveraged products, sorted by forward P/E ascending (cheapest first). Columns: Symbol, Security Name, Industry, Sub-Industry, Market Cap ($B), Forward P/E, Revenue Growth YoY, 1M Return, 6M Return, % From 52W High (negative distance), and active technical setup, with only names having both forward P/E and revenue-growth data included and 38 qualitative row insights added.
Semiconductor stocks ranked by forward P/E (cheapest first). Only names with both a forward P/E and year-over-year revenue growth are included; missing metrics are shown blank. % From 52-Week High is a negative distance from the high.
Semiconductor Comparison — Cheapest Forward P/E First
| Symbol | Security Name | Industry | Sub-Industry | Market Cap ($B) | Forward P/E | Revenue Growth YoY | 1M Return | 6M Return | % From 52W High | Technical Setup | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | Micron Technology, Inc. | Semiconductors | Memory | 1,162 | 6.65 | 48.85% | 5.28% | 144.69% | 15.21% | Uptrend | Cheapest large-cap multiple in the group reflects the market's skepticism that the DRAM/NAND up-cycle lasts — the classic peak-earnings trap. Memory pricing is the swing factor: any sign of AI-driven HBM and server DDR5 tightness extending into next year supports upside, while supply additions from peers are the main risk. |
| HIMX | Himax Technologies, Inc. | Semiconductors | Logic / Compute | 2.3199 | 10.23 | -8.23% | -3.48% | 46.95% | 45.02% | — | Display-driver house with heavy China smartphone and panel exposure plus a foundry-like fab model; earnings are among the most cyclical here, and the low multiple reflects limited pricing power rather than durable cheapness. |
| CRUS | Cirrus Logic, Inc. | Semiconductors | Analog/Mixed-Signal | 5.3561 | 12.01 | 5.34% | -8.25% | -33.21% | 40.26% | Downtrend | — |
| NXPI | NXP Semiconductors N.V. | Semiconductors | Analog/Mixed-Signal | 57.3724 | 12.57 | -2.74% | 0.92% | 12.21% | 31.61% | Downtrend | Auto and industrial analog bellwether trading at a discount to the analog peer set — the market is pricing an extended inventory correction in autos and industrial end-markets. A demand restock (especially in China auto/EV) is the re-rating catalyst; downside is prolonged distributor destocking. |
| SWKS | Skyworks Solutions, Inc. | Semiconductors | Analog/Mixed-Signal | 17.9549 | 15.35 | -2.18% | -9.14% | 36.21% | 16.51% | Uptrend | Single-customer concentration (Apple) is the defining risk and the reason for the discount to broad analog peers; RF content growth and a push into broader handset/auto broad markets is the offset. Technical trend has started to repair. |
| KLIC | Kulicke and Soffa Industries, I | Semiconductor Equipment & Materials | Semi Equipment | 4.8148 | 15.59 | -7.38% | 11.18% | 19.30% | 31.24% | — | Packaging/assembly equipment play levered to advanced packaging capex tied to AI accelerators — a small-cap with high beta to the memory and logic capex cycle, so earnings can inflect sharply in either direction. |
| DIOD | Diodes Incorporated | Semiconductors | Analog/Mixed-Signal | 4.3721 | 16.23 | 13.04% | 3.58% | 14.29% | 22.66% | Uptrend | — |
| MCHP | Microchip Technology Incorporat | Semiconductors | Analog/Mixed-Signal | 41.0243 | 16.53 | 7.08% | 5.55% | 6.74% | 26.59% | Downward channel (54%) | Deep in a cyclical downturn with depressed margins, so the trailing numbers look worst while forward estimates assume recovery. The re-rating hinges on microcontroller and analog order normalization plus inventory digestion finishing; a slow recovery keeps faith with the current multiple. |
| ON | ON Semiconductor Corporation | Semiconductors | Analog/Mixed-Signal | 30.1839 | 17.12 | -15.35% | 10.49% | 12.94% | 42.11% | Downtrend | Silicon-carbide and auto power exposure drove a sharp estimate reset; now the market is debating whether the EV/SiC demand slowdown is structural or cyclical. Any data-center power or industrial recovery would broaden the story beyond autos. |
| QCOM | QUALCOMM Incorporated | Semiconductors | Analog/Mixed-Signal | 187.4058 | 17.2 | 13.66% | -0.78% | 38.30% | 30.09% | Uptrend | Handset-centric licensing plus a diversifying auto/IoT/PC franchise; the market assigns a discount for smartphone maturity and China exposure. Legal disputes and licensing renewals are the swing catalysts, while the newly announced wireless-spectrum dynamics pose a longer-term ecosystem question. |
| AMKR | Amkor Technology, Inc. | Semiconductor Equipment & Materials | OSAT (Packaging/Test) | 12.204 | 17.41 | 6.18% | -0.83% | -15.00% | 47.49% | Downtrend | Outsourced assembly and test leverage to AI packaging demand, but margins are thin and the business is a pure capex/volume pass-through — earnings swing with utilization rather than pricing. |
| NVDA | NVIDIA Corporation | Semiconductors | Logic / Compute | 5,536 | 17.86 | 65.47% | 5.00% | 21.83% | 4.16% | Upward channel (69%), Uptrend | Rare case of a mega-cap AI leader trading near the market multiple — the low forward P/E reflects explosive estimate revisions keeping pace with the share price. The whole complex's sentiment hinges on hyperscaler capex guidance; export-control headlines remain the key tail risk. |
| VECO | Veeco Instruments Inc. | Semiconductor Equipment & Materials | Semi Equipment | 3.1908 | 17.99 | -7.39% | 19.09% | 30.57% | 37.04% | — | Levered to trailing-edge and specialty process capex (power, compound semis, advanced packaging) rather than leading-edge logic, so its cycle often lags the big WFE names. Recent momentum suggests an order inflection is being priced in. |
| ICHR | Ichor Holdings | Semiconductor Equipment & Materials | Semi Equipment | 2.2439 | 18.33 | 11.61% | 7.42% | 4.19% | 46.64% | Downtrend | Sub-scale contract manufacturer for WFE systems, meaning margins and backlog depend on the capex plans of a handful of OEM customers — high operating leverage makes it a high-beta read on the equipment cycle. |
| GFS | GlobalFoundries Inc. | Semiconductors | Foundry / OSAT | 26.8899 | 18.36 | 0.61% | 5.22% | -1.02% | 46.38% | Downtrend | Trailing-edge/embedded foundry with US and Singapore capacity, a unique geopolitical position as a Western alternative for mature-node supply. The low growth reflects weak auto/industrial demand; government-supported capacity and defense demand are the strategic angle. |
| AVGO | Broadcom Inc. | Semiconductors | Logic / Compute | 1,726 | 18.51 | 23.87% | 0.38% | -2.36% | 24.92% | Downtrend | Custom AI silicon (ASICs) plus networking is now the growth engine, with the legacy software and broadband franchises funding it. The multiple looks modest only against very steep forward estimates — contract wins at hyperscalers are the catalyst, customer concentration the risk. |
| STM | STMicroelectronics N.V. | Semiconductors | Analog/Mixed-Signal | 69.6726 | 20.42 | -11.07% | 2.78% | 32.24% | 34.85% | — | — |
| TSM | Taiwan Semiconductor Manufactur | Semiconductors | Foundry / OSAT | 2,351 | 20.81 | 25.03% | 6.19% | 22.93% | 6.69% | Uptrend | Dominant leading-edge foundry: pricing power in advanced nodes funds capacity expansion, and the AI accelerator ramp keeps utilization tight. Risks are Taiwan concentration and the capex intensity required to defend node leadership. |
| Q | Qnity Electronics, Inc. | Semiconductor Equipment & Materials | Semi Equipment | 26.4858 | 23.62 | 9.67% | 2.66% | -3.05% | 27.92% | Downtrend | Recently separated specialty-electronics supplier (materials/components for semiconductors and interconnects); as a spin-off it starts with a cleaner capital-allocation story but limited standalone operating history for the market to underwrite. |
| ALGM | Allegro MicroSystems, Inc. | Semiconductors | Analog/Mixed-Signal | 6.6303 | 23.71 | 22.77% | 0.85% | -5.15% | 48.91% | Downtrend | Magnetic sensing specialist with heavy auto exposure; the growth profile is recovering as inventory normalizes, but the end-market mix keeps it cyclical and rate/consumer sensitive. |
| CRDO | Credo Technology Group Holding | Semiconductors | Logic / Compute | 40.701 | 23.74 | 205.68% | 35.08% | 81.08% | 28.42% | Sideways channel (44%), Uptrend | Fast-growing high-speed connectivity supplier to AI data centers — explosive revenue growth already reflected in a premium growth multiple. Durability depends on the pace of 800G/1.6T interconnect rollouts and hyperscaler socket wins. |
| ASX | ASE Technology Holding Co., Ltd | Semiconductors | Foundry / OSAT | 102.091 | 25.22 | 13.30% | 16.48% | 88.80% | 2.31% | Uptrend | Outsourced packaging/test leader benefiting from AI advanced-packaging demand; the ADR structure adds FX and Taiwan risk to the operating story. |
| ONTO | Onto Innovation Inc. | Semiconductor Equipment & Materials | Semi Equipment | 14.4538 | 25.27 | 1.82% | 9.52% | 14.54% | 22.17% | Uptrend | Process-control and inspection metrology specialist with high exposure to advanced packaging and HBM inspection — a direct toll-taker on AI manufacturing capacity, though order timing is lumpy. |
| NVMI | Nova Ltd. | Semiconductor Equipment & Materials | Semi Equipment | 11.2276 | 25.84 | 30.96% | -3.56% | -28.84% | 41.72% | Downward channel (48%), Downtrend | Optical and materials metrology supplier to leading-edge fabs; growth is tied to process-control intensity at advanced nodes, making it a structural share gainer but a volatile quarterly reporter. |
| ADI | Analog Devices, Inc. | Semiconductors | Analog/Mixed-Signal | 196.8256 | 25.89 | 16.89% | 12.44% | 16.68% | 8.82% | Uptrend | High-quality analog franchise with strong margins, now lapping the end of its inventory correction. The market pays up for its dividend/balance sheet, so the risk is multiple compression if industrial demand stalls again. |
| UMC | United Microelectronics Corpora | Semiconductors | Foundry / OSAT | 57.5816 | 26.15 | -2.52% | 3.80% | 139.88% | 18.03% | Uptrend | Mature-node foundry where utilization and pricing are tied to consumer and connectivity demand; the story leans on capacity discipline and specialty process mix rather than leading-edge economics. |
| POWI | Power Integrations, Inc. | Semiconductors | Analog/Mixed-Signal | 2.7445 | 26.22 | 5.86% | -1.15% | -9.70% | 43.77% | Downtrend | — |
| ACMR | ACM Research, Inc. | Semiconductor Equipment & Materials | Semi Equipment | 4.9709 | 26.34 | 15.24% | -1.41% | 48.47% | 43.75% | — | — |
| TXN | Texas Instruments Incorporated | Semiconductors | Analog/Mixed-Signal | 259.1249 | 27.27 | 13.05% | 9.63% | 33.49% | 14.61% | Uptrend | Analog bellwether making a large US capacity bet — the strategy lowers geopolitical risk but pressures near-term margins and free cash flow until those fabs are utilized. Dividend-centric shareholder base limits downside but also caps re-rating. |
| LRCX | Lam Research Corporation | Semiconductor Equipment & Materials | Semi Equipment | 399.0041 | 27.59 | 23.68% | 7.10% | 21.14% | 26.42% | Uptrend | Memory-focused equipment leader with outsized leverage to HBM and NAND capacity additions; its earnings are among the most sensitive to memory makers' capex commitments, and China demand is the variable to watch. |
| AMAT | Applied Materials, Inc. | Semiconductor Equipment & Materials | Semi Equipment | 402.3777 | 27.64 | 4.39% | 11.68% | 27.21% | 29.87% | Uptrend | Broadest WFE exposure (leading-edge logic, memory, advanced packaging) makes it a proxy for total industry capex. Export-license policy toward China is the biggest overhang; services revenue provides a growing recurring cushion. |
| RMBS | Rambus, Inc. | Semiconductors | Analog/Mixed-Signal | 11.6564 | 29.07 | 27.13% | 25.92% | -2.69% | 37.03% | — | IP licensing and memory-interface chip franchise whose revenue can step up sharply with DDR5 and AI-chip attach rates; the model is royalty-levered so earnings move faster than the underlying market. |
| KLAC | KLA Corporation | Semiconductor Equipment & Materials | Semi Equipment | 255.2201 | 29.61 | 11.71% | 10.38% | 12.84% | 35.18% | — | Process-control share leader with the best margin structure in WFE — pricing power and AI-driven inspection intensity justify the premium multiple, but it is a late-cycle name if capex slows. |
| ASML | ASML Holding N.V. - New York Re | Semiconductor Equipment & Materials | Semi Equipment | 743.7328 | 29.91 | 15.58% | 5.51% | 20.85% | 10.51% | Upward channel (32%), Uptrend | Sole supplier of EUV lithography, an effective monopoly on the most critical leading-edge tool. The share price carries geopolitical export-restriction risk and high cyclicality of litho orders, offset by an enormous backlog. |
| AXTI | AXT Inc | Semiconductor Equipment & Materials | Logic / Compute | 4.4891 | 30.75 | -11.11% | 5.81% | 6.67% | 51.39% | Downward channel (56%) | — |
| ENTG | Entegris, Inc. | Semiconductor Equipment & Materials | Logic / Compute | 25.3327 | 33.05 | -1.38% | 20.66% | 22.71% | 9.90% | Uptrend | — |
| MRAM | Everspin Technologies, Inc. | Semiconductors | Memory | 0.4006 | 34.03 | 9.52% | 3.26% | 60.33% | 62.62% | — | Micro-cap MRAM specialist; tiny revenue base and negative operating margins mean the valuation rests on an emerging-memory adoption story rather than current earnings — speculative, with binary technical-adoption outcomes. |
| TER | Teradyne, Inc. | Semiconductor Equipment & Materials | Logic / Compute | 62.9553 | 34.85 | 13.13% | 8.78% | 9.51% | 16.77% | Sideways channel (61%), Uptrend | Test equipment supplier with growing robotics and AI-chip test exposure; margins are cyclical and the story is increasingly about semiconductor test intensity increasing with each AI generation. |
| TSEM | Tower Semiconductor Ltd. | Semiconductors | Foundry / OSAT | 34.1189 | 35.15 | 9.05% | 9.92% | 12.34% | 27.82% | Sideways channel (44%), Uptrend | Specialty analog foundry in a profitable niche (RF, power, sensors) with a large Intel relationship; strategic value as an alternative capacity source partly offsets its exposure to weaker consumer and industrial demand. |
| COHU | Cohu, Inc. | Semiconductor Equipment & Materials | Semi Equipment | 3.228 | 36.93 | 12.74% | 24.59% | 82.62% | 7.74% | Uptrend | Small test-and-handling equipment player with thin margins; earnings are levered to automotive and industrial chip volumes, so the recovery thesis depends on those end-markets restocking. |
| MTSI | MACOM Technology Solutions Hold | Semiconductors | Analog/Mixed-Signal | 25.207 | 38.92 | 32.58% | 21.15% | 27.88% | 19.43% | — | High-performance RF and optical components with rising data-center/defense content; the growth re-rating reflects a mix shift away from telecom toward AI and defense, which carry better pricing but lumpy orders. |
| LSCC | Lattice Semiconductor Corporati | Semiconductors | Analog/Mixed-Signal | 17.9029 | 39.28 | 2.72% | 10.43% | 18.80% | 18.82% | — | Low-power FPGA franchise with an attractive asymmetric bet: the multiple already prices normalization, so a data-center or edge-AI design-win cycle would be the re-rating catalyst. Consumer inventory remains the swing risk. |
| AMD | Advanced Micro Devices, Inc. | Semiconductors | Logic / Compute | 992.708 | 39.31 | 34.34% | 20.75% | 148.16% | 6.36% | Uptrend | The credible second source for AI accelerators; the premium multiple embeds market-share gains against the incumbent, so the setup is binary around the next-generation accelerator ramp and any supply constraints. |
| MPWR | Monolithic Power Systems, Inc. | Semiconductors | Analog/Mixed-Signal | 68.1265 | 39.84 | 26.43% | 17.05% | 2.70% | 17.97% | Downward channel (95%) | Premium analog/power management supplier with data-center power as the new growth vector; the market pays up for consistent execution, making any growth deceleration a multiple risk. |
| FORM | FormFactor, Inc. | Semiconductor Equipment & Materials | Semi Equipment | 10.9111 | 40.19 | 2.80% | 24.57% | 12.82% | 12.67% | — | Test-probe-card supplier with structural leverage to advanced packaging and HBM test complexity; the high multiple reflects a favorable mix shift, but revenue is tied to a few large logic and memory customers. |
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