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Top 5G Stocks Worth Watching - August 4th

Super Micro Computer logo with Computer and Technology background

Key Points

  • Super Micro Computer, ON Semiconductor, and QUALCOMM are highlighted as top 5G stocks to watch, indicating significant investor interest in companies linked to the deployment and adoption of 5G technology.
  • Super Micro Computer saw its stock increase to $58.88 with a high trading volume of nearly 17 million shares, reflecting strong market interest.
  • QUALCOMM maintains a substantial market capitalization of $159.81 billion despite a slight decline in share price, demonstrating its importance in the wireless technology sector.
  • Five stocks we like better than Super Micro Computer.

Super Micro Computer, ON Semiconductor, and QUALCOMM are the three 5G stocks to watch today, according to MarketBeat's stock screener tool. 5G stocks are shares of companies whose businesses are tied to the development, deployment and adoption of fifth-generation wireless networks—ranging from telecom carriers and infrastructure vendors to semiconductor makers and device manufacturers. Investors buy these equities to gain exposure to the faster data speeds, lower latency and new applications (like IoT, autonomous vehicles and smart cities) that 5G technology is expected to unlock. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

Super Micro Computer (SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

NASDAQ:SMCI traded up $2.24 during mid-day trading on Monday, hitting $58.88. The company's stock had a trading volume of 16,935,434 shares, compared to its average volume of 56,888,797. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $66.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The business's fifty day moving average is $47.62 and its two-hundred day moving average is $40.98. The stock has a market cap of $35.14 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 2.76 and a beta of 1.46.

Read Our Latest Research Report on SMCI

ON Semiconductor (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

NASDAQ ON traded down $6.58 during trading hours on Monday, hitting $50.24. 12,295,942 shares of the company's stock traded hands, compared to its average volume of 9,964,542. The firm's 50-day moving average is $53.83 and its 200-day moving average is $47.76. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $78.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.95 and a quick ratio of 3.32. The company has a market capitalization of $20.99 billion, a PE ratio of 34.83, a PEG ratio of 4.67 and a beta of 1.45.

Read Our Latest Research Report on ON

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

Shares of QUALCOMM stock traded down $0.08 during mid-day trading on Monday, hitting $148.11. The stock had a trading volume of 2,990,542 shares, compared to its average volume of 8,501,794. The firm has a 50-day moving average of $155.11 and a two-hundred day moving average of $154.81. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $159.81 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23.

Read Our Latest Research Report on QCOM

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