Buy Rated Semiconductors Lag the SOX
Nvidia Corp (NVDA) ($15.56) is 20.8% overvalued and has a gain of 25.9% over the last 12 months and is above its 200-day SMA at $14.44 and on the cusp of its 50-day SMA at $15.48 after setting a trading range between $14.52 on Nov. 7 and $16.32 on Nov. 14. My quarterly pivot is $15.64 with monthly and semiannual risky levels at $16.82 and $17.21.
ON Semiconductor (ONNN) ($7.48) is 0.9% overvalued and has a gain of 10.5% over the last 12 months and is between its 50-day and 200-day SMAs at $7.14 and $7.70. My monthly value level is $6.95 with annual and quarterly pivots at $7.60 and $7.94 and semiannual and annual risky levels at $9.49 and $10.10.
Sandisk (SNDK) ($68.96) is 29.3% overvalued and has a gain of 61.2% over the last 12 months and is above its 50-day and 200-day SMAs at $66.98 and $59.66 with a recent high at $70.93 on Oct. 29. My monthly value level is $66.85 with a semiannual risky level at $72.05.
Teradyne (TER) ($17.03) is 33.1% overvalued and has a gain of 4.3% over the last 12 months and is above its 50-day and 200-day SMAs at $16.88 and $16.67 with a recent high at $17.90 on Oct. 30. My quarterly value level is $15.65 with a monthly pivot at $17.53 and quarterly and semiannual risky levels at $20.66, $21.62 and $22.08.Taiwan Semiconductor ($17.37) is 3.7% undervalued and has a gain of 2.9% over the last 12 months and is below its 50-day and 200-day SMAs at $17.91 and $17.77 with a recent low $16.86 on Nov. 21. My annual value level is $15.93 semiannual risky levels at $18.35 and $18.82. Xilinx (XLNX) ($43.67) is 26.3% overvalued and has a gain of 24.5% over the last 12 months and is above its 200-day SMA at $42.12 and below its 50-day SMA at $45.07. My weekly value level is $41.79 with a semiannual pivot at $43.81 and semiannual risky level at $45.42. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier 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
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV