According to the World Semiconductor Trade Statistics, global semiconductor sales will exceed $600 billion in 2022. The global demand for semiconductors is increasing. Despite supply chain pressures, a 26 percent increase in chip sales was achieved this year. This year’s rise in demand for high-end chips has boosted the stock prices of some of the leading semiconductor companies. These companies are now valued at hundreds of billions of dollars, making them out of the reach of most investors. Investing in lower-priced chip stocks makes more sense for these individuals.
Here is Insider Monkey’s list of 10 cheap semiconductor stocks to invest in today. Micron Technology sells memory and storage products. Over the next decade, the company plans to invest $150 billion in memory production and research. An analyst at Evercore ISI raised Micron Technology stock’s price target from $100 to $120. LSCC is a semiconductor manufacturer and distributor. The company’s revenue has grown in tandem with other chip stocks throughout the year. Mirametrix was recently acquired by Lattice in an all-cash deal. Wireless 6/6E growth and content gains in on-premise equipment have boosted the company’s revenue. MaxLinear, Inc. stock has been reaffirmed as a Buy by Craig-Hallum analyst Richard Shannon. Ion implantation and other semiconductor processing services are sold by Axcelis Technologies, Inc. Earnings per share and revenue for the third quarter were both better than expected by the company. The semiconductor industry relies on Ultra Clean Holdings, Inc. for tools and subsystems. The company’s stock has outperformed the semiconductor industry over the past few years. A $75 price target was maintained by DA Davidson on UCT. For more details, click 10 Cheap Semiconductor Stocks To Invest In Today.