12 top semiconductor stocks to buy in 2024

The best semiconductor stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

12 popular semiconductor stocks picks to buy in 2024

We round up a selection of stocks in or related to the technology industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Applied Materials (AMAT)
2. Advanced Micro Devices (AMD)
3. Analog Devices (ADI)
4. Broadcom (AVGO)
5. Intel Corporation (INTC)
6. NVIDIA Corporation (NVDA)
7. Micron Technology (MU)
8. Qualcomm Incorporated (QCOM)
9. Microchip Technology (MCHP)
10. Skyworks Solutions (SWKS)
11. Cree (CREE)
12. Xilinx (XLNX)

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The semiconductor stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering semiconductor stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in semiconductor stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like AMAT or AMD.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into semiconductor stocks

If you're interested in investing in the technology industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Applied Materials (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.

Applied Materials stock opened the day at $196.40 after a previous close of $196.06. The latest price was $194.88 (25-minute delay). Applied Materials is listed on the NASDAQ, has a trailing 12-month revenue of around USD26.5 billion and employs 34,500 staff.

• Market capitalization: $162,905,669,632
• P/E ratio: 23.0388
• PEG ratio: 2.4835

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2. Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments.

Advanced Micro Devices stock opened the day at $149.15 after a previous close of $151.74. The latest price was $152.04 (25-minute delay). Advanced Micro Devices is listed on the NASDAQ, has a trailing 12-month revenue of around USD$22.7 billion and employs 26,000 staff.

• Market capitalization: $245,233,090,560
• P/E ratio: 286.3019
• PEG ratio: 0.6622

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3. Analog Devices (ADI)

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

Analog Devices stock opened the day at $197.86 after a previous close of $196.50. The latest price was $197.16 (25-minute delay). Analog Devices is listed on the NASDAQ, has a trailing 12-month revenue of around USD$11.6 billion and employs 26,000 staff.

• Market capitalization: $93,022,420,992
• P/E ratio: 33.4367
• PEG ratio: 3.6138

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4. Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

Broadcom stock opened the day at $1,272.45 after a previous close of $1,256.82. The latest price was $1,289.26 (25-minute delay). Broadcom is listed on the NASDAQ, has a trailing 12-month revenue of around USD$38.9 billion and employs 20,000 staff.

• Market capitalization: $583,442,366,464
• P/E ratio: 46.7331
• PEG ratio: 1.5601

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5. Intel Corporation (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

Intel Corporation stock opened the day at $34.56 after a previous close of $34.50. The latest price was $34.66 (25-minute delay). Intel Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$54.2 billion and employs 124,800 staff.

• Market capitalization: $146,862,014,464
• P/E ratio: 86.25
• PEG ratio: 0.4346

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6. NVIDIA Corporation (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. The Compute & Networking segment comprises Data Center computing platforms and end-to-end networking platforms, including Quantum for InfiniBand and Spectrum for Ethernet; NVIDIA DRIVE automated-driving platform and automotive development agreements; Jetson robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud software and services.

NVIDIA Corporation stock opened the day at $788.68 after a previous close of $796.77. The latest price was $812.19 (25-minute delay). NVIDIA Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$60.9 billion and employs 29,600 staff.

• Market capitalization: $1,991,925,039,104
• P/E ratio: 66.6753
• PEG ratio: 1.0715

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7. Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

Micron Technology stock opened the day at $109.37 after a previous close of $111.78. The latest price was $111.13 (25-minute delay). Micron Technology is listed on the NASDAQ, has a trailing 12-month revenue of around USD$18.3 billion and employs 43,000 staff.

• Market capitalization: $134,844,440,576
• PEG ratio: 1.1151

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8. Qualcomm Incorporated (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.

Qualcomm Incorporated stock opened the day at $164.08 after a previous close of $163.63. The latest price was $162.22 (25-minute delay). Qualcomm Incorporated is listed on the NASDAQ, has a trailing 12-month revenue of around USD$36.3 billion and employs 50,000 staff.

• Market capitalization: $189,586,767,872
• P/E ratio: 24.0485
• PEG ratio: 1.8288

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9. Microchip Technology (MCHP)

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products.

Microchip Technology stock opened the day at $91.65 after a previous close of $90.68. The latest price was $90.01 (25-minute delay). Microchip Technology is listed on the NASDAQ, has a trailing 12-month revenue of around USD$8.5 billion and employs 22,600 staff.

• Market capitalization: $46,576,041,984
• P/E ratio: 20.1379
• PEG ratio: 8.4652

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10. Skyworks Solutions (SWKS)

Skyworks Solutions, Inc. , together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

Skyworks Solutions stock opened the day at $100.74 after a previous close of $101.12. The latest price was $101.63 (25-minute delay). Skyworks Solutions is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.6 billion and employs 9,750 staff.

• Market capitalization: $16,224,197,632
• P/E ratio: 17.9291
• PEG ratio: 1.2752

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11. Cree (CREE)

Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products.

Cree is listed on the NASDAQ, has a trailing 12-month revenue of around USD$525.6 million and employs 3,466 staff.

• Market capitalization: $9,169,296,384
• PEG ratio: 7.32

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12. Xilinx (XLNX)

Xilinx, Inc. designs, develops, and markets programmable devices and associated technologies worldwide. The company offers integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

Xilinx is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.7 billion and employs 4,890 staff.

• Market capitalization: $48,414,617,600
• P/E ratio: 52.3838
• PEG ratio: 2.7619

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Bottom line

While it’s possible to turn a profit investing in semiconductor stocks, keep in mind that — like any investment — semiconductor stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the technology industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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