Technology Stocks Set to Beat the Overall Market

Macquarie Capital (NYSE:MIC) released a research note today suggesting that semiconductor companies are set to outperform the market in the near term due to improving fundamentals.  Let’s take a look at the companies they mention:

  • National Semiconductor (NYSE:NSM): The shares have traded in a 52-week range of $11.84 to $24.66 and most recently traded at $24.63.  Its market capitalization is $6.08 billion, its forward P/E ratio is 18.81, and its PEG ratio is 2.23.  Its year-over-year quarterly revenue growth is -6.1%, and its year-over-year quarterly earnings growth is -15.3%.  About the company:  National Semiconductor Corporation designs, develops, manufactures, and markets a wide variety of analog and mixed-signal integrated circuits. The Company produces systems on a single chip as well as analog, mixed-signal, and other multichip integrated circuits. National provides solutions for the information appliance, personal computing, consumer, and communication markets.
  • Linear Technology (NASDAQ:LLTC): The shares have traded in a 52-week range of $27.03 to $36.14 and most recently traded at $31.38.  Its market capitalization is $7.15, billion, its forward P/E ratio is 13.14, and its PEG ratio is 1.44.  Its year over year quarterly revenue growth is 13.4%, and its year over year quarterly earnings growth is 40.7%.  About the company:  Linear Technology Corporation designs, manufactures, and markets a line of linear integrated circuits. The Company’s products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, and RF signal conditioning circuits.
  • Maxim Integrated Products (NASDAQ:MXIM):  The shares have traded in a 52-week range of $15.67 to $28.55 and most recently traded at $23.81.  Its market capitalization is $7.04 billion, its forward P/E ratio is 13.11, and its PEG ratio is 0.92.  Its year-over-year quarterly revenue growth is 19.2%.  About the company:  Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits. The Company also provides a range of high-frequency design processes and capabilities that can be used in custom design.
  • Nvidia (NASDAQ:NVDA):  The shares have traded in a 52-week range of $8.65 to $26.17 and most recently traded at $15.68.  Its market capitalization is $9.4 billion, its forward P/E ratio is 12.54, and its PEG ratio is 0.94.  Its year-over-year quarterly revenue growth is -4%, and its year-over-year quarterly earnings growth is -1.7%. About the company:  NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market.
  • Broadcom (NASDAQ:BRCM):  The shares have traded in a 52-week range of $29.90 to $47.39 and most recently traded at $31.34 per share.  Its market capitalization is $16.8 billion, its forward P/E ratio is 10.42, and its PEG ratio is 0.74.  Its year-over-year quarterly revenue growth is 25.1% and its year-over-year quarterly earnings growth is 8.6%.  About the company:  Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • Qualcomm (NASDAQ:QCOM):  The shares have traded in a 52-week range of $31.63 to $59.84 and most recently traded at $53.92.  Its market capitalization is $90 billion, its forward P/E ratio is 15.49, and its PEG ratio is 1.00.  The company’s year-over-year quarterly revenue growth us 45.5%, and its year-over-year quarterly earnings growth is 29.1%.  About the company:  QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
  • Advanced Micro Devices (NYSE:AMD): The shares have traded in a 52-week range of $5.53 to $9.58 and most recently traded at $7.03 per share.  Its market capitalization is $4.83 billion, its forward P/E ratio is 1.16, and its PEG ratio is 1.16.  Its year-over-year quarterly revenue growth is 2.5%, and its year-over-year quarterly earnings growth is 98.4%.  About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
  • Intel (NASDAQ:INTC): The shares have traded in a 52-week range of $17.60 to $23.96 and most recently traded at $21.31 per share.  Its market capitalization is $113 billion, its forward P/E ratio is 8.92, and its PEG ratio is 0.80.  Its year-over-year quarterly revenue growth is 24.7% and its year-over-year quarterly earnings growth is 29.4%.  About the company:  Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.
  • Altera (NASDAQ:ALTR):The shares have traded in a 52-week range of $24.20 to $49.59 and most recently traded at $43.50.  Its market capitalization is $14.02 billion, its forward P/E ratio is 15.97, and its PEG ratio is 1.13.  Its year-over-year quarterly revenue growth is 33.2% and its year-over-year quarterly earnings growth is 46.4%.   About the company:  Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company’s products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits.
  • Texas Instruments (NYSE:TXN): The shares have traded in a 52-week range of $22.65 to $36.71 and most recently traded at $31.67.  Its market capitalization is $36.7 billion, its forward P/E ratio is 11.52, and its PEG ratio is 1.18.  Its year-over-year quarterly revenue growth is 5.8% and its year-over-year quarterly earnings growth is 1.2%.  About the company:  Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.
  • Analog Devices (NYSE:ADI):  The shares have traded in a 52-week range of $27.25 to $43.28 and most recently traded at $37.15 per share.  Its market capitalization is $11.13 billion, its forward P/E ratio is 12.22, and its PEG ratio is 1.21.   Its year-over-year quarterly revenue growth is 18.3%, and its year-over-year quarterly earnings growth is 44.7%.  About the company: Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing. The Company’s products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications. Analog Devices sells its products worldwide.
  • Micron Technology (NASDAQ:MU): The shares have traded in a 52-week range of $6.36 to $11.95 and most recently traded at $8.07 per share.  Its market capitalization is $8.08 billion, its forward P/E ratio is 6.57, and its PEG ratio is 1.23.  Its year-over-year quarterly revenue growth is 15.1% and its year over year quarterly earnings growth is -80.3%.  About the company:  Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

(Note: Selected financial data are soured from Yahoo! Finance.  All data are assumed to be accurate.)

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