Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.
Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number are projected to move higher by that percentage over the next 12 months.
Analysis of the Philadelphia Semiconductor Index
Looking at the overvalued/undervalued data, 18 members of the SOX are undervalued and 12 are overvalued. The most overvalued stock is Cirrus Logic (CRUS) by 61.2%. The most undervalued stocks are Advanced Micro (AMD) by 41.9%, Marvell Technologies (MRVL) by 39.5% and Rubicon Technologies (RBCN) by 35.1%.Only three stocks in the SOX are "4-Engine" Buy rated: Intel (INTC), Marvell and Taiwan Semiconductor (TSM). Twenty SOX members are higher over the past 12 months, while nine are lower. Mellanox Tech (MLNX) is up 303.1% with Cirrus Logic up 195.2%. The biggest losers are Memc Electronic Materials (WFR) is down 57.7% and Interdigital (ICDD) is down 50.2%. SOX stocks are not cheap on a P/E basis as 18 have ratios above 15.0.
ProfilesHere are profiles for the three semiconductor stocks in the SOX that are Buy rated according to ValuEngine. www.ValuEngine.com: Intel Corp (INTC) ($24.91) is trading just above its July 12 low at $24.68. My semiannual value level is $21.14 with a weekly pivot at $24.95 and monthly risky level at $27.97. This stock was added to my ValuTrader Model Portfolio at $24.75 on July 12. Marvel Technology (MRVL) ($10.45) is trading just above its July 12 low at $10.27. My semi annual value level is $10.02 with a weekly pivot at $10.65 and monthly risky level at $12.87. This stock was added to my ValuTrader Model Portfolio at $11.30 on June 25 and was removed at was removed at $11.85 on Aug. 9 for a gain of 4.9%. Marvel returned to the model portfolio at $10.45 on Aug. 27. Taiwan Semiconductor (TSM) ($14.37): My semiannual and annual value levels are $12.58 and $11.32 with a semiannual pivot at $13.91, and monthly and quarterly risky levels at $15.52 and $15.80.
At the time of publication the author held no positions in any of the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV