10 U.S. Stocks With Big Exposure to China

BOSTON ( TheStreet) -- Investors looking to tap into China's rapid economic growth are smart to buy U.S. companies in the S&P 500 like Qualcomm ( QCOM) and Yum! Brands ( YUM), which derive a large chunk of their revenue from eastern Asia.

China's economic growth slowed to 9.5% in the second quarter from 9.7% in the first. Still, U.S. gross domestic product expanded only 1.9% in the first quarter, according to the most recent report. In other words, China is growing at five times the rate of the U.S., the world's biggest economy.

Investors had grown worried that five straight interest-rate increases would slow the booming growth in the country, and Wednesday's report helped allay some of those concerns and push Asian markets higher.

While the encouraging data from China will likely mean more increases to reserve requirements, which would put a damper on banks' ability to lend, it has also been a welcome distraction from eurozone debt issues. On Tuesday, Moody's downgraded Ireland's government bonds to "junk" status. Fears that Italy, the eurozone's third-largest economy, will be the next country to falter have also put pressure on global markets.

For U.S. investors looking to get into China -- or stay there -- one way would be to look at S&P 500 companies that generate much of their sales from the region. The 10 companies with the highest quarterly geographic segment revenue from China are presented below, ranked by the percentage compared to total quarterly revenue.


10. Teradyne ( TER)

Company Profile: Teradyne provides application of systems technology to practical problems in the design, production and servicing of electronics.

Current Share Price: $14.04

Revenue from China Region: About $30 million, or 8% of total revenue, according to Teradyne's latest earnings release in April. Overall, the company had $377.2 million in revenue during the first quarter.

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9. Analog Devices ( ADI)

Company Profile: Analog Devices is a manufacturer of high-performance semiconductors for signal processing applications.

Current Share Price: $36.83

Revenue from China Region: $154 million, or 20% of total revenue, according to Analog Devices' latest earnings release in May. Overall, the company had $790.8 million in revenue during the fiscal second quarter.


8. Jabil Circuit ( JBL)

Company Profile: Jabil Circuit is an electronic product services company, providing electronics design, manufacturing and product management services.

Current Share Price: $20.49

Revenue from China Region: $833 million, or 20% of total revenue, according to Jabil's latest earnings release from June 23. Overall, the company had $4.2 billion in revenue during the fiscal third quarter.

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7. Qualcomm ( QCOM)

Company Profile: Qualcomm is the designer and producer of semiconductors for use in cell phones and smartphones.

Current Share Price: $56.83

Revenue from China Region: Nearly $1 billion, or 25% of total revenue, according to Bloomberg. Overall, the company had $3.88 billion in revenue during the fiscal second quarter.


6. Applied Materials ( AMAT)

Company Profile: Applied Materials is a supplier of manufacturing solutions for the semiconductor, display and solar industries.

Current Share Price: $12.59

Revenue from China Region: $741 million, or 26% of total revenue, according to Applied Material's latest earnings release in May. Overall, the company had $2.86 billion in revenue during the fiscal second quarter.

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5. Nvidia ( NVDA)

Company Profile: Nvidia is a visual computing technologies company and the inventor of the graphics processing unit (GPU).

Current Share Price: $14.93

Revenue from China Region: $289 million, or 30% of total revenue, according to Nvidia's latest earnings release in May. Overall, the company had $962 million in revenue during the first quarter.


4. Broadcom ( BRCM)

Company Profile: Broadcom produces semiconductors for wired and wireless communications, enabling the delivery of voice, video, data and multimedia.

Current Share Price: $33.99

Revenue from China Region: About $577 million, or 32% of total revenue, according to Broadcom's latest earnings release in April. Overall, the company had $1.82 billion in revenue during the first quarter.

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3. Yum! Brands ( YUM)

Company Profile: Yum! Brands is the operator of fast food restaurants, including brands like KFC, Taco Bell, Pizza Hut, and Long John Silver's.

Current Share Price: $56.46

Revenue from China Region: $906 million, or 37% of total revenue, according to Yum's latest earnings release in April. Overall, the company had $2.42 billion in revenue during the first quarter.


2. Novellus Systems ( NVLS)

Company Profile: Novellus is a supplier of chemical vapor deposition (CVD), physical vapor deposition (PVD), electrochemical deposition (ECD), ultraviolet thermal processing (UVTP), and surface preparation equipment used in the manufacturing of semiconductors.

Current Share Price: $32.04

Revenue from China Region: About $165 million, or 40% of total revenue, according to Novellus' earnings release in April. Overall, the company had $413.2 million in revenue during the first quarter.

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1. Wynn Resorts ( WYNN)

Company Profile: Wynn Resorts develops and operates casino resorts. Currently, the company owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas, as well as Wynn Macau and Encore at Wynn Macau.

Current Share Price: $159.14

Revenue from China Region: $865 million, or 69% of total revenue, according to Wynn's latest earnings release in April. Overall, the company had $1.26 billion in revenue during the first quarter.

>>To see these stocks in action, visit the 10 U.S. Stocks With Big Exposure to China portfolio on Stockpickr.

-- Written by Robert Holmes in Boston.

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