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TheStreet Open House

10 Stocks Poised to Rise in Apple's Wake

5. SanDisk (SNDK)

Company profile: SanDisk, with a market value of $9 billion, is a global leader in NAND flash memory cards. Its products are used in a number of consumer-electronic devices such as digital cameras, mobile phones and USB flash drives.

Investor takeaway: Its shares are down 26% this year, but have a three-year, average annual return of 33%. Analysts give its shares nine "buy" ratings, nine "buy/holds," and six "holds," according to a survey of analysts by S&P.

S&P, which has it rated "buy," says "we expect the mobile market to be SNDK's highest growth business and comprise more than half of the company's total sales. Also, we expect it to remain the technology leader as it moves to more advanced technology nodes."

Analysts estimate it will earn $3.92 per share this year and that will grow by 25% to $4.89 per share in 2013.

4. Skyworks Solutions (SWKS)

Company profile: Skyworks, with a market value of $4.8 billion, makes semiconductors for wireless handsets that are used to enable wireless connectivity. Its customers are mostly large handset makers and wireless communications infrastructure companies.

Investor takeaway: Its shares are up 46% this year and have a three-year, average annual return of 41%. Analysts give its shares 11 "buy" ratings, five "buy/holds," and three "holds," according to a survey of analysts by S&P. Analysts estimate that it will earn $1.88 per share this year and that will grow 12% to $2.10 per share next year.

3. Qualcomm (QCOM)

Company profile: Qualcomm, with a market value of $113 billion, is a developer of products and services based on its advanced wireless broadband technology. It has a strong balance sheet and is expected to continue to generate sizable cash flow. JPMorgan says there is a "huge amount of growth still to go in smartphones, and (this company) is very well tied to that."

Dividend Yield: 1.62%

Investor takeaway: Its shares are up 14% this year and have a three-year, average annual return of 16%. Analysts give its shares 21 "buy" ratings, 17 "buy/holds," six "holds," one "weak hold," and one "sell," according to a survey of analysts by S&P.

S&P, which has it rated "buy," says "(it) will see solid chipset sales throughout the coming year as the economy begins to improve and with rapid growth in the smartphone market."

2. Google (GOOG)

Company profile: Google, with a market value of $156 billion, is the world's largest Internet company, specializing in search and advertising. In August, it announced the proposed acquisition of Motorola Mobility for $12.5 billion. Motorola Mobility was spun off from Motorola (which was renamed Motorola Solutions) at the beginning of 2011. Its mobile-devices segment sells smartphones that use the Android operating system.

Investor takeaway: Its shares are down 7% this year, but have a three-year, average annual return of 16%. Analysts give its shares 22 "buy" ratings, 13 "buy/holds," and seven "holds," according to a survey of analysts by S&P.

Morningstar analyst Rick Summer writes that "Google's meteoric rise in smartphone market share through the Android platform should help to extend its competitive advantages into the mobile world."

But S&P is negative on it, saying the planned purchase of Motorola Mobile "will not necessarily protect Android from (Internet protocol)-related attacks, and will weaken Google's growth, margins and balance sheet" and adds that the deal "could hurt Android, as (original equipment manufacturer) partners could pursue alternatives, with its purveyor now positioned as a competitor."

1. Broadcom (BRCM)

Company profile: Broadcom, with a market value of $20 billion, designs and sells digital semiconductors that integrate several communications standards, such as Bluetooth, GPS and Wi-Fi, into a single chip. In February, it completed its $3.7 billion acquisition of NetLogic Microsystems.

JPMorgan says Apple uses Broadcom silicon in every product it sells, "a reflection of the loyalty and long-standing relationship that Broadcom has fostered over the past decade with Apple." It added that the company "is now the No. 1 supplier of mobile-connectivity solutions to the smartphone and tablet markets (70%-plus market share)" and its integrated solution has a tremendous lead over its nearest competitors.

Investor takeaway: Its shares are up 18% this year and have a three-year, average annual return of 13%. Analysts give its shares 22 "buy" ratings, 11 "buy/holds," nine "holds," and three "weak holds," according to a survey of analysts by S&P.

Although S&P has it rated "hold" on valuation concerns, it says: "Broadcom's focus on making integrated and multifunctional chips, is taking market share in relatively fast-growing markets, which should lead to above industry growth over the next few years."

For fiscal 2012, analysts estimate it will earn $2.84 per share and that that will grow by 9% to $3.10 per share next year.

>>To see these stocks in action, visit the 10 Stocks Poised to Rise in Apple's Wake portfolio on Stockpickr.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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