Five semiconductor stocks to watch in June: NVDA, AVGO, MU, QCOM & INTC

May 25, 2022 06:25 AM PDT | By Rupam Roy

Five semiconductor stocks to watch in June: NVDA, AVGO, MU, QCOM & INTC — Image source: © Kornwa | Megapixl.com

NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA is among the leading technology firms specializing in manufacturing graphics processing units (GPUs) for gaming and other professional markets. NVIDIA is based in Santa Clara, California.

Its shares closed at US$161.54 on May 24, down 4.4% from their previous close. The NVIDIA stock value declined around 43% YTD.

It has a market cap of US$404.49 billion, a P/E ratio of 41.99, and a forward one-year P/E ratio of 34.37. Its EPS is US$3.85. The 52-week highest and lowest stock prices were US$346.47 and US$142.71, respectively. Its trading volume was 58,855,000 on May 24.

The company will release its first-quarter fiscal 2023 results after the market closes on May 25.

Its revenue increased by 53% YoY to US$7.64 billion in Q4, FY22. The net income was US$3.00 billion, or US$1.18 per diluted share. Its FY22 revenue was US$26.91 billion, up 61% YoY.

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Broadcom Inc. (NASDAQ:AVGO)

Broadcom is a technology company engaged in manufacturing semiconductors. It offers other related products and services. Broadcom is based in San Jose, California.

The stock closed at US$524.20 on May 24, down 0.41% from its previous close. The AVGO stock fell 20.65% YTD.

Its market cap is US$214.02 billion, the P/E ratio is 29.89, and the forward one-year P/E ratio is 16.34. The EPS is US$17.54. The stock saw the highest price of US$677.76 and the lowest price of US$455.53 in the last 52 weeks. Its share volume on May 24 was 2,506,019.

The company will report its second-quarter fiscal 2022 results on June 2, after the market close.

Meanwhile, in the first quarter of fiscal 2022, the company's revenue soared 16% YoY to US$7.70 billion. Its GAAP net income came in at US$2.47 billion, or US$5.59 per diluted share, compared to US$1.37 billion, or US$3.05 per diluted share, in the year-ago quarter.

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Micron Technology, Inc. (NASDAQ:MU)

Micron Technology is a semiconductor manufacturing firm based in Boise, Idaho. It specializes in computer memory and computer data storage systems like USB flash drives, flash memory, etc.

Its shares closed at US$66.62 on May 24, down 4.27% from their closing price of May 23. Its stock value plunged 27.32% YTD. The firm has a market cap of US$74.39 billion, a P/E ratio of 8.38, and a forward one-year P/E ratio of 7.28. Its EPS is US$7.95.

The 52-week highest and lowest stock prices were US$98.45 and US$65.67, respectively. Its trading volume was 18,764,530 on May 24.

The company reported a revenue of US$7.79 billion in Q2, FY22, compared to a revenue of US$6.24 billion in the same quarter of the prior year.

Its GAAP net income came in at US$2.26 billion, or US$2.00 per diluted share, against an income of US$603 million, or US$0.53 per diluted share, in Q2, FY21.

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QUALCOMM Incorporated (NASDAQ:QCOM)

Qualcomm is a semiconductor manufacturer based in San Diego, California. It also specializes in software, and other solutions related to the wireless technology sector.

The stock closed at US$128.53 on May 24, down 2.72% from its previous close. The QCOM stock slipped 29.05% YTD. Its market cap is US$143.95 billion, the P/E ratio is 13.16, and the forward one-year P/E ratio is 11.56. Its EPS is US$9.77.

The stock saw the highest price of US$193.58 and the lowest price of US$122.17 in the last 52 weeks. Its share volume was 9,157,088 on May 24.

The company reported revenue of US$11.16 billion in Q2, FY22, an increase of 41% YoY. Its net income came in at US$2.93 billion, or US$2.57 per diluted share, against an income of US$1.76 billion, or US$1.53 per diluted share, in Q2, FY21.

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Semiconductor stocks: NVDA, AVGO, MU, QCOM, INTC

Intel Corporation (NASDAQ:INTC)

Intel is a multinational technology company and a leading semiconductor manufacturer based in Santa Clara, California. The company manufactures the popular x86 series of microprocessors.

The shares of the company closed at US$41.67 on May 24, down 0.79% from their closing price of May 23. Its stock value decreased by 21.07% YTD.

The firm has a market cap of US$170.38 billion, a P/E ratio of 6.92, and a forward one-year P/E ratio of 11.80. Its EPS is US$6.02. The 52-week highest and lowest stock prices were US$58.41 and US$40.31, respectively. Its trading volume was 29,837,490 on May 24.

On a GAAP basis, the company reported a revenue of US$18.4 billion in Q1, FY22, as compared to US$19.7 billion in the year-ago period. Its net income came in at US$8.1 billion, or US$1.98 per share, versus US$3.4 billion, or US$0.82 per share in Q1, FY21.

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Bottom line:

Technology stocks have retreated this year under the weight of various economic uncertainties. The Fed’s rate hikes to calm inflation may have weighed heavily on the rate-sensitive stocks. Besides, factors like supply disruptions, tight labor markets, and geopolitical tensions may have been major obstacles. The S&P 500 information technology sector slumped 4.83% over the past 12 months while decreasing 25.19% YTD. The broader S&P 500 index fell 18.14% YTD.

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