Penny stocks in the semiconductor industry such as
Lattice Semiconductor
(
LSCC
),
LTX-Credence
(
LTXC
),
Tower Semiconductor
(
TSEM
),
Mattson Technology
(
MTSN
),
Conexant Systems
(
CNXT
) and
Axcelis Technologies
(
ACLS
) are just a few names to watch.
I expect robust inventory rebuilding by businesses and
revitalized consumer spending (as the unemployment rate improves)
to carry us through the balance of this year with continued
positive earnings growth from many tech companies -- most notably
semiconductor stocks.
Semiconductor stocks are some of the prime movers of the tech
sector, since they make the components that are crucial to so many
electronic devices -- from the servers used at Fortune 500 offices
to the iPod your teen totes to the mall to electronics components
of automobiles and airplanes.
That's why if you want to get in on the ground floor of the tech
sector, you want to get into semiconductor stocks.
And if you want to get in on the ground floor of semiconductor
stocks, you'll want to take a look at these top 11 penny stocks.
All of them are trading for around $5 a share and all of them are
rated "Buy" or "Strong Buy" in my Portfolio Grader fundamental
analysis database.
|
Symbol
|
Company Name
|
Market Cap (
M
)
|
Price
(close 5/25)
|
Total Grade
|
|
LSCC
|
Lattice Semiconductor |
$550.73 |
$4.75 |
B |
|
LTXC
|
LTX-Credence Corp. |
$478.81 |
$3.27 |
A |
|
TSEM
|
Tower Semiconductor |
$260.64 |
$1.31 |
A |
|
CNXT
|
Conexant Systems |
$216.77 |
$2.67 |
B |
|
MTSN
|
Mattson Technology |
$201.62 |
$4.03 |
A |
|
ACLS
|
Axcelis Technologies |
$196.87 |
$1.89 |
B |
|
VIMC
|
Vimicro International |
$177.54 |
$4.81 |
A |
|
AXTI
|
AXT Inc. |
$137.94 |
$4.45 |
A |
|
FSII
|
FSI International Inc. |
$136.07 |
$4.23 |
A |
|
PDFS
|
PDF Solutions Inc. |
$129.50 |
$4.78 |
A |
|
MOSY
|
MoSys Inc. |
$126.63 |
$4.00 |
B |
One word of warning, however: I recommend that you use limit
orders whenever buying stocks that are this small. I'm not talking
about the share price, of course, but rather the average volume and
market cap. Just buying a few hundred -- or even a few dozen --
shares could send prices soaring, so if you're going to buy any of
these penny stocks I advise you set your entry price at 10 cents
above the previous day's close and don't pay a penny more. You may
have to string your purchase out over several days, but it is much
better to enter at the right price in these penny stocks. Because
of the low valuations, just a few cents difference can mean big
profits or losses. So again, always use a limit order and under no
circumstances place a market order.
As of this writing, Louis Navellier did not own any of the
stocks mentioned here in personal or client portfolios.
About Portfolio Grader: Every Sunday, renowned growth stock
expert Louis Navellier runs a fundamental analysis on the top
5,000 Wall Street companies. Armed with this research, Navellier
offers a rating for each company reflected as a simple letter
grade, with A being "strong buy" and F being "strong sell."
Portfolio Grader's stock data is free and open to the
public and can be accessed online here
.
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