Semiconductor stocks ran into some trouble last week, as a
number of chipmakers set new 52-week lows.
ON Semiconductor Corp.
Silicon Laboratories, Inc.
) all set new 52-week lows recently.
However, don't count out the entire sector because of a few
bad apples. The bottom line is that a few small up-and-coming
semiconductor stocks are seeing big buying pressure right now and
could be great investments in the tech sector even now thanks to
the strength of their fundamentals.
Here are 7 small-cap semiconductor stocks trading for under $2
that you should consider picking up at bargain prices.
Tower Semiconductor (
) is an independent foundry that manufactures
semiconductors. Based in Israel, Tower has had great
returns in 2010, and is up +36.1% year-to-date, compared to the
broader markets which remain close to even. This quarter,
analysts are projecting earnings of 16 cents per share, up from
an actual EPS of 15 cents last quarter. Shareholders are
also pleased by the +108% quarterly revenue growth
year-over-year. Over the past 12 months, TSEM's stock is up
Axcelis Technologies (
Headquartered in Massachusetts,
) designs manufactures and services processing equipment used in
semiconductor chips. Axcelis has had a tremendous run over
the past 12 months. Year-to-date, the semiconductor stock
is up +4.3%, and has gained +91% since last September.
Axcelis has outperformed earnings estimates for two consecutive
quarters, and boasted a quarterly revenue growth of +73.5%
year-over-year in its last quarterly statement.
LTX-Credence Corp. (
) is known for its automated test equipment solutions for
semiconductor products. The California-based company has
remained even in 2010, but has seen its stock climb +23.6% since
last September. An impressive +19.3% net profit margin also
has company officials excited. Additionally, LTXC has
outperformed earnings estimates for four consecutive quarters,
causing experts to up their earnings estimates to 10 cents per
share, after an actual EPS of 5 cents per share last quarter.
FSI International Inc. (
FSI International Inc.
) has slipped -4.8% in 2010. However, the stock is still
riding high after a gain of +133.3% over the past 12
months. FSI International designs manufactures and markets
equipment used in the production of advanced semiconductor
products. FSII has outperformed earnings estimates three
out of the last four quarters and analysts have projected EPS of
15 cents for this quarter. Shareholders have also been
hanging their hat on an impressive +20.5% net profit margin last
quarter along with quarterly revenue growth of +85.8%
Microtune Inc. (TUNE)
Based in Texas,
) designs and markets receiver solutions for digital television
markets and automotive entertainment equipment.
Year-to-date, Microtune's stock has jumped +29.2% compared to the
broader markets, which have remained even. Impressively,
TUNE stock has gained +46% over the past 12 months as well.
Microtune has outperformed earnings estimates for four
consecutive quarters, causing analysts to raise their estimates
for this quarter by a cent. A quarterly revenue growth of +38.5%
year-over-year adds to this semiconductor stock's impressive
Camtek Ltd. (
) is involved in the design, development, manufacture and
marketing of automated optical inspection products.
Analysts have raised CAMT stock's earnings estimate by a cent as
the stock has either met or outperformed earnings estimates two
of the last three quarters. Over the past 12 months,
Camtek's stock has gained +155.7% and boasts a current stock
price of $2.25. With a market cap of $65.8 million, Camtek
is a valuable small-cap semiconductor stock to buy.
inTest Corp. (INTT)
) is a designer, manufacturer and marketer of mechanical, thermal
and electrical products that are used in the production of
semiconductors. inTest has been one of the strongest stocks
on this list with year-to-date returns of +48.6% and an enormous
gain of +747% since last September. INTT reported a net
profit margin of +20.8% in its last income statement, and had a
quarterly revenue growth of +227% year-over-year. At $2.57
per share, INTT is one of the strongest buying opportunities on
As of this writing, Louis Navellier did not own a position
in any of the stocks named here.
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