NEW YORK ( TheStreet) -- In my first post of the day I cover the 26 components of the PHLX Semiconductor Sector Index that are trading above $10 a share. In this post I profile the four components of the semiconductor index that are trading under $10 a share plus six other semiconductor stocks trading under $10 that have buy ratings. Overall nine of 10 in today's table are rated buy according to www.ValuEngine.com.
The daily chart of the semiconductor index shows overbought momentum with the index above its 21-day, 50-day and 200-day simple moving averages at 479.50, 476.97 and 444.39. This week's value level is 479.94 with monthly and semiannual risky levels at 516.08 and 533.56. Chart Courtesy of Thomson/Reuters The overall market remains under a ValuEngine valuation warning with 77.1% of all stocks overvalued 43.9% by 20% or more. The computer and technology sector is one of ten sectors overvalued by more than 20%. Three of the 10 stocks shown in this table are undervalued with four overvalued by more than 20%. Nine have buy ratings and one has a hold rating. Three are lower in price over the last 12 months with Entropic Communications ( ENTR) down 29.1% and Peregrine Semiconductors ( PSMI) down 49.9%. Among the seven higher over the last 12 months Semiconductor Manufacturing ( SMI) gained 95.6%. Three are trading below their 200-day SMAs therefore the seven that are above their 200-day SMAs have risk of a reversion to the mean.
Reading the Table
OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy. 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 in the table are projected to move higher by that percentage over the next 12 months.