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AAPL   168.22 (-0.68%)
MSFT   412.07 (-0.61%)
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GOOGL   155.66 (+0.82%)
AMZN   181.26 (-1.12%)
TSLA   156.36 (-0.48%)
NVDA   841.96 (-3.68%)
AMD   154.77 (-5.32%)
NIO   3.94 (+3.41%)
BABA   68.95 (-0.95%)
T   16.13 (+0.25%)
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MU   116.44 (-4.38%)
GE   155.39 (-0.87%)
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DIS   113.38 (-0.44%)
AMC   2.99 (+9.93%)
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XOM   118.47 (-0.19%)
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QQQ   426.06 (-1.17%)
AAPL   168.22 (-0.68%)
MSFT   412.07 (-0.61%)
META   494.48 (-1.06%)
GOOGL   155.66 (+0.82%)
AMZN   181.26 (-1.12%)
TSLA   156.36 (-0.48%)
NVDA   841.96 (-3.68%)
AMD   154.77 (-5.32%)
NIO   3.94 (+3.41%)
BABA   68.95 (-0.95%)
T   16.13 (+0.25%)
F   12.05 (-0.33%)
MU   116.44 (-4.38%)
GE   155.39 (-0.87%)
CGC   6.41 (-4.33%)
DIS   113.38 (-0.44%)
AMC   2.99 (+9.93%)
PFE   25.46 (-0.90%)
PYPL   63.40 (-0.05%)
XOM   118.47 (-0.19%)
S&P 500   5,023.88 (-0.55%)
DOW   37,742.96 (-0.15%)
QQQ   426.06 (-1.17%)
AAPL   168.22 (-0.68%)
MSFT   412.07 (-0.61%)
META   494.48 (-1.06%)
GOOGL   155.66 (+0.82%)
AMZN   181.26 (-1.12%)
TSLA   156.36 (-0.48%)
NVDA   841.96 (-3.68%)
AMD   154.77 (-5.32%)
NIO   3.94 (+3.41%)
BABA   68.95 (-0.95%)
T   16.13 (+0.25%)
F   12.05 (-0.33%)
MU   116.44 (-4.38%)
GE   155.39 (-0.87%)
CGC   6.41 (-4.33%)
DIS   113.38 (-0.44%)
AMC   2.99 (+9.93%)
PFE   25.46 (-0.90%)
PYPL   63.40 (-0.05%)
XOM   118.47 (-0.19%)

5 Semiconductor stocks under $10

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Semiconductor stocks under $10

Key Points

  • 2024 picks up where 2023 left off, with semiconductor stocks grabbing the headlines, fueled by the AI revolution and Nvidia.
  • Shares of Super Micro Computer have surged nearly 260% year-to-date, fueled by a thriving sector and a substantial earnings beat.
  • Five semiconductor stocks under $10 present interesting opportunities, backed by analyst buy ratings.
  • 5 stocks we like better than ASE Technology

In the ever-changing arena of investing, opportunities often arise in unexpected places. While big-name companies like Nvidia grab the headlines with their meteoric rises, a lesser-known but equally promising segment within the semiconductor sector is catching the attention of savvy investors.

In 2023, the market witnessed a resurgence in the semiconductor industry, fueled by the ongoing revolution in artificial intelligence (AI). 2024 has since picked up right where 2023 left off. Nvidia, a frontrunner in this space, has soared to new heights, claiming its spot as the third most valuable company globally. With a staggering 50% surge in just three months and a jaw-dropping 220% increase over the past year, Nvidia's performance speaks volumes about the potential of AI-driven technologies.

But a hidden gem has emerged amidst the spotlight on industry giants, shaking up the semiconductor landscape. Super Micro Computer, a relatively lesser-known player, has sent shockwaves through the market with its remarkable earnings beat. The result? A phenomenal 200% surge in stock price over the last month and an astonishing 1000% growth over the previous year.

There are intriguing opportunities for investors keen on exploring the semiconductor sector without breaking the bank. Here are five semiconductor stocks priced under $10, each with buy ratings from analysts.

5 Semi stocks under $10

Magnachip Semiconductor NYSE: MX

Magnachip Semiconductor Corporation specializes in designing and manufacturing analog and mixed-signal semiconductor platform solutions for various applications such as communications, the Internet of Things (IoT), consumer electronics, industrial uses, and automotive technologies. Their product offerings include display solutions like source and gate drivers and timing controllers for various flat panel displays utilized in mobile devices, automotive systems, and more. 


The company has a market capitalization of $253 million and is trading at the low end of its 52-week range. Based on two analyst ratings, MX has a buy rating and consensus price target of $11.50, forecasting an upside of over 75%.

Himax Technologies NASDAQ: HIMX

Himax Technologies, Inc., a semiconductor company operating without its own manufacturing facilities (fabless), offers advanced display imaging processing technologies across various regions, including China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company's operations are divided into two segments: Driver IC and Non-Driver Products.

Like MX, shares of HIMX are also trading near the low end of its 52-week range. However, HIMX possesses a more significant market capitalization of just under $1 billion. Based on one analyst, the semiconductor company has a buy rating and price target forecasting almost 50% upside.

ASE Technology NYSE: ASX

ASE Technology Holding Co., Ltd. and its subsidiaries offer global semiconductor packaging and testing services. Additionally, they provide electronic manufacturing services across various regions, including the United States, Taiwan, Asia, and Europe. Their diverse services include real estate development and management, substrate production, information software, equipment leasing, investment advisory, warehousing management, and trading of computer and communication peripherals, electronic components, and telecommunications equipment.

Shares of ASE Technology are up double-digits over the previous three months and trading near the high end of its 52-week range. The company has a $20.85 billion valuation and a moderate buy rating based on two analyst ratings.

Arteris NASDAQ: AIP

Arteris, Inc. delivers semiconductor interconnect intellectual property (IP) solutions globally. Specializing in on-chip interconnect fabric technology for System-on-Chip (SoC) and Network-on-Chip (NoC) designs, the company develops, licenses, and supports various IP deployment solutions. Their product lineup includes FlexNoC and FlexWay silicon-proven interconnect IP products, Ncore for cache-coherent interconnect IP, and CodaCache for last-level cache semiconductor IP.

Based on three analyst ratings, the company has a buy rating and price target forecasting just over 100% upside. Shares have impressed lately, with the stock climbing 72% over the previous three months and up over 30% year-to-date.

Navitas Semiconductor NASDAQ: NVTS

Navitas Semiconductor Corporation specializes in designing, developing, and marketing gallium nitride power integrated circuits, silicon carbide, high-speed silicon system controllers, and digital isolators for power conversion and charging applications. Their products find utility across various sectors, including mobile, consumer electronics, data centers, solar energy, electric vehicles, industrial motor drives, smart grids, and transportation.

While the stock has increased over 15% over the previous year, it has fallen over 16% year-to-date. Notably, the stock has experienced significant insider selling and possesses a considerable short interest of 11.44%. However, despite the decline, analysts have placed a consensus moderate buy rating on the stock and price target forecasting an almost 50% upside.

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Should you invest $1,000 in ASE Technology right now?

Before you consider ASE Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ASE Technology wasn't on the list.

While ASE Technology currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Himax Technologies (HIMX)
3.1995 of 5 stars
$4.96-3.5%9.48%17.10Buy$8.00
Arteris (AIP)
2.9184 of 5 stars
$6.80-3.0%N/A-6.54Buy$16.00
Magnachip Semiconductor (MX)
3.3595 of 5 stars
$4.93-1.2%N/A-5.67Buy$10.00
Super Micro Computer (SMCI)
4.753 of 5 stars
$956.96-2.0%N/A74.70Moderate Buy$949.85
NVIDIA (NVDA)
4.9196 of 5 stars
$841.96-3.7%0.02%70.52Moderate Buy$940.30
Navitas Semiconductor (NVTS)
1.4521 of 5 stars
$3.95-2.9%N/A-4.49Moderate Buy$9.82
ASE Technology (ASX)
3.2295 of 5 stars
$10.57-1.7%3.97%22.49Moderate Buy$7.84
Compare These Stocks  Add These Stocks to My Watchlist 

Ryan Hasson

About Ryan Hasson

  • Ry.has7@gmail.com

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Experience

Ryan Hasson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Equity research and analysis, technical analysis and price action, market sentiment and underlying themes, risk management and trading psychology

Education

Bachelor of Commerce in Financial Management

Past Experience

Equities trader, Kershner Trading Group, business analysis consultant, SMB Capital

Zoom International: Business Analysis Consultant.


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