Tightness in the supply of semiconductors and recurring coronavirus outbreaks in China have affected the supply of everything from automobiles to smartphones. Now, the impact of inflation may reduce demand among consumers for semiconductors, while new lockdowns in China and the macroeconomic picture colored by the Russian invasion of Ukraine are expected to ratchet up pressure on the industry.
None of that means that there are no opportunities in the semiconductor industry, either among firms that design the chips, make the chips, or manufacture the machines that fabricate the chips.
In a research note published Wednesday, analyst Mark Lipacis and his team identified seven semiconductor stocks trading at a sharp discount (18%) to the S&P 500 index and that also trade similarly to where semiconductor stocks were trading at their last two mid-cycle corrections.
Here are seven stocks that Lipacis and his team believe are top buys.
The post Here Are 7 Solid Buys in Semiconductor Stocks Says Jefferies originally appeared at 24/7 Wall St.