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Even more interesting is that many of the leading companies in the industry have seen their price-to-earnings ratios decline over the past year, as earnings growth has outpaced stock price appreciation. Notably, this is not the case for the S&P 500 which has seen significant multiple expansion.
Like a lot of tech and growth stocks, semiconductors have underperformed since mid-February. Unlike many of those stocks, semiconductor stocks have continued to post strong earnings reports and look poised to start outperforming once again. 3 semiconductor stocks that investors should consider buying are Applied Materials (AMAT), Broadcom (AVGO), and Texas Instruments (TXN).
