3 Buy The Dip Semiconductor Stocks To Scoop Up In May

For its fiscal 2021 first quarter, ended April 4, the company’s revenue was $2.60 billion, which represents a 27% year-over-year increase. Its operating income increased 623.5% year-over-year to $492 million. Its net income came in at $364 million, compared to a $13 million loss in the prior-year period. Also, the company’s EPS was $1.25 compared to a $0.08 loss in the prior-year period.

Analysts expect NXPI’s EPS to increase 145.7% year-over-year to $2.31 for the current quarter, ending June 30, 2021. It surpassed the Street’s EPS estimates in each of the trailing four quarters. Its revenue is expected to increase 22.7% year-over-year to $10.57 billion in its fiscal year 2021. The stock has gained 91.8% over the past year and has been recently trading at around $197.92.

NXPI’s POWR Ratings reflect this promising outlook. The company has an overall rating of B, which translates to Buy in our proprietary ratings system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

The stock has an A grade for Growth, and a B grade for Sentiment. Within the B-rated Semiconductor & Wireless Chip industry, NXPI is ranked #24 of 98 stocks. To see the additional POWR Ratings for NXPI (Momentum, Stability, Value, and Quality), click here.

KLA Corporation (KLAC)

KLAC designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. It offers chip and wafer, reticle, and packaging manufacturing products among other products. The company offers its products and services to various bare wafer, integrated circuit, and hard disk drive manufacturers.

In December, KLAC introduced its PWG5 wafer geometry system and its Surfscan SP7XP wafer defect inspection system. They are designed to address difficult issues in the manufacture of leading-edge memory and logic integrated circuits. Thanks to its innovative products, the company is expected to generate increasing demand for its products and services in the coming months.

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