Semiconductors & Related Devices stocks: intrinsic value, ROIC & growth
81 U.S. semiconductors & related devices companies with at least three years of SEC filings, ranked by size. 11 of the 50 with a current price trade below their Graham intrinsic value. The median company earned a 8.8% average return on invested capital and grew revenue 8.3% a year.
Updated October 18, 2026
81companies
11below Graham value
8.8%median 10-yr ROIC
8.3%median revenue CAGR
Most undervalued semiconductors & related devices stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| PLAB | PHOTRONICS INC | +175% | $27.52 | $75.73 | 64% below | $1.6B | 16.2% | 6.5% |
| FSLR | First Solar | +173% | $172.64 | $471.99 | 63% below | $18.6B | 6.4% | 6.7% |
| CRUS | CIRRUS LOGIC, INC. | +54% | $107.87 | $165.93 | 35% below | $5.7B | 18.3% | 2.9% |
| OSIS | OSI SYSTEMS INC | +48% | $194.98 | $289.31 | 33% below | $3.3B | 10.7% | 8.4% |
| NXPI | NXP Semiconductors | +15% | $229.33 | $264.06 | 13% below | $58.3B | 12.3% | 2.9% |
Highest-ROIC semiconductors & related devices stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| NVDA | Nvidia | 52.4% | $214.13 | $162.76 | 32% above | $5.2T | 52.4% | 46.6% |
| AMAT | Applied Materials | 38.4% | $409.29 | $287.65 | 42% above | $330.7B | 38.4% | 11.3% |
| TXN | Texas Instruments | 35.0% | $276.48 | $88.02 | 214% above | $252.4B | 35.0% | 3.1% |
| NVEC | NVE CORP /NEW/ | 21.0% | $99.13 | $32.67 | 203% above | $479.7M | 21.0% | -30.2% |
| MPWR | Monolithic Power Systems | 20.5% | $1,210.86 | $427.15 | 183% above | $58.5B | 20.5% | 24.5% |
| SWKS | Skyworks Solutions | 20.5% | $79.70 | — | — | $12.4B | 20.5% | 2.4% |
| CRUS | CIRRUS LOGIC, INC. | 18.3% | $107.87 | $165.93 | 35% below | $5.7B | 18.3% | 2.9% |
| PLAB | PHOTRONICS INC | 16.2% | $27.52 | $75.73 | 64% below | $1.6B | 16.2% | 6.5% |
| MU | Micron Technology | 15.4% | $878.84 | $147.60 | 495% above | $988.7B | 15.4% | 13.0% |
| AMD | Advanced Micro Devices | 15.1% | $528.75 | $88.02 | 501% above | $865.0B | 15.1% | 26.0% |
All semiconductors & related devices stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| NVDA | Nvidia | $214.13 | $162.76 | 32% above | $5.2T | 52.4% | 46.6% |
| AVGO | Broadcom | $328.75 | $158.44 | 107% above | $1.6T | 13.9% | 19.1% |
| MU | Micron Technology | $878.84 | $147.60 | 495% above | $988.7B | 15.4% | 13.0% |
| AMD | Advanced Micro Devices | $528.75 | $88.02 | 501% above | $865.0B | 15.1% | 26.0% |
| INTC | Intel | $89.85 | $2.04 | 4304% above | $407.0B | 9.0% | -1.3% |
| AMAT | Applied Materials | $409.29 | $287.65 | 42% above | $330.7B | 38.4% | 11.3% |
| TXN | Texas Instruments | $276.48 | $88.02 | 214% above | $252.4B | 35.0% | 3.1% |
| MRVL | Marvell Technology, Inc. | $227.83 | $47.04 | 384% above | $198.1B | -1.0% | 20.3% |
| ADI | Analog Devices | $395.44 | $78.60 | 403% above | $196.4B | 10.6% | 13.9% |
| MPWR | Monolithic Power Systems | $1,210.86 | $427.15 | 183% above | $58.5B | 20.5% | 24.5% |
| NXPI | NXP Semiconductors | $229.33 | $264.06 | 13% below | $58.3B | 12.3% | 2.9% |
| ALAB | Astera Labs, Inc. | $285.82 | $40.52 | 605% above | $51.3B | 25.6% | 120.2% |
| MCHP | Microchip Technology | $73.85 | — | — | $40.3B | 9.5% | 3.7% |
| MCHPP | MICROCHIP TECHNOLOGY INC | $63.74 | — | — | $34.8B | 9.5% | 3.7% |
| CRDO | Credo Technology Group Holding Ltd | $169.70 | $9.63 | 1662% above | $30.7B | 8.8% | 52.0% |
| ON | ON Semiconductor | $72.02 | — | — | $29.7B | 14.2% | 4.9% |
| Q | Qnity Electronics | $115.37 | $72.83 | 58% above | $24.2B | 7.0% | 8.5% |
| MTSI | MACOM Technology Solutions Holdings, Inc. | $262.24 | $19.47 | 1247% above | $19.4B | -0.0% | 6.6% |
| FSLR | First Solar | $172.64 | $471.99 | 63% below | $18.6B | 6.4% | 6.7% |
| LSCC | LATTICE SEMICONDUCTOR CORP | $103.65 | — | — | $14.3B | 11.2% | 4.0% |
| SWKS | Skyworks Solutions | $79.70 | — | — | $12.4B | 20.5% | 2.4% |
| NXT | NEXT PLC | $80.04 | $127.55 | 37% below | $12.2B | -4.0% | 24.4% |
| SMTC | SEMTECH CORP | $136.73 | $19.58 | 598% above | $12.1B | 2.2% | 7.6% |
| SITM | SITIME Corp | $472.14 | $34.21 | 1280% above | $11.8B | -1.5% | 21.2% |
| AMKR | AMKOR TECHNOLOGY, INC. | $41.82 | $31.71 | 32% above | $10.4B | 12.7% | 6.1% |
| RMBS | RAMBUS INC | $87.25 | $70.09 | 24% above | $9.5B | 4.8% | 8.6% |
| FORM | FORMFACTOR INC | $105.01 | $8.49 | 1137% above | $8.2B | 7.3% | 8.3% |
| VIAV | VIAVI SOLUTIONS INC. | $33.38 | — | — | $7.5B | -13.7% | 2.0% |
| QRVO | Qorvo, Inc. | — | $120.24 | — | — | 6.5% | 2.2% |
| SLAB | SILICON LABORATORIES INC. | $221.00 | $30.20 | 632% above | $7.2B | -1.8% | 2.6% |
| MXL | MAXLINEAR, INC | $71.32 | $16.98 | 320% above | $6.2B | -3.8% | 2.1% |
| ALGM | ALLEGRO MICROSYSTEMS, INC. | $31.62 | $12.96 | 144% above | $5.9B | 11.9% | 5.4% |
| CRUS | CIRRUS LOGIC, INC. | $107.87 | $165.93 | 35% below | $5.7B | 18.3% | 2.9% |
| SYNA | SYNAPTICS Inc | $117.18 | — | — | $4.6B | 9.7% | -4.8% |
| AAOI | APPLIED OPTOELECTRONICS, INC. | $75.57 | $67.44 | 12% above | $4.5B | -10.4% | 6.4% |
| KLIC | KULICKE & SOFFA INDUSTRIES INC | $78.63 | — | — | $4.2B | 14.3% | 0.5% |
| ENPH | Enphase Energy, Inc. | $30.62 | $11.42 | 168% above | $4.1B | -90.2% | 18.4% |
| DIOD | DIODES INC /DEL/ | $82.85 | $47.50 | 74% above | $3.8B | 11.0% | 5.2% |
| OSIS | OSI SYSTEMS INC | $194.98 | $289.31 | 33% below | $3.3B | 10.7% | 8.4% |
| WOLF | WOLFSPEED, INC. | $23.22 | $75.27 | 69% below | $3.3B | -12.6% | -8.1% |
| PENG | Penguin Solutions, Inc. | $57.10 | — | — | $3.1B | 12.1% | 11.0% |
| IPGP | IPG PHOTONICS CORP | $71.01 | — | — | $3.0B | 12.3% | -0.0% |
| AMBA | AMBARELLA INC | $61.70 | $6.49 | 851% above | $2.6B | -15.6% | 2.6% |
| POWI | POWER INTEGRATIONS INC | $44.50 | — | — | $2.5B | 14.8% | 1.4% |
| UCTT | Ultra Clean Holdings, Inc. | $51.00 | $17.27 | 195% above | $2.3B | 8.8% | 15.5% |
| AXTI | AXT INC | $51.47 | $3.30 | 1460% above | $2.3B | 0.2% | 0.9% |
| SEDG | SOLAREDGE TECHNOLOGIES, INC. | $31.36 | $12.68 | 147% above | $1.8B | -23.6% | 10.3% |
| NVTS | Navitas Semiconductor Corp | $8.34 | $16.94 | 51% below | $1.7B | -97.5% | 31.1% |
| LASR | NLIGHT, INC. | $33.67 | $8.48 | 297% above | $1.7B | -14.7% | 11.1% |
| PLAB | PHOTRONICS INC | $27.52 | $75.73 | 64% below | $1.6B | 16.2% | 6.5% |
| NLST | NETLIST INC | $5.71 | — | — | $1.6B | 1136.4% | 28.9% |
| ICHR | ICHOR HOLDINGS, LTD. | $42.11 | $61.20 | 31% below | $1.4B | 9.0% | 9.9% |
| SHLS | Shoals Technologies Group, Inc. | $7.17 | — | — | $1.2B | 12.7% | 21.9% |
| SKYT | SkyWater Technology, Inc | — | $81.05 | — | — | -19.7% | 33.2% |
| AIP | Arteris, Inc. | $18.76 | — | — | $793.4M | 30.3% | 17.3% |
| AOSL | ALPHA & OMEGA SEMICONDUCTOR Ltd | $21.75 | $8.88 | 145% above | $639.6M | 4.0% | 8.4% |
| KOPN | KOPIN CORP | $3.29 | $0.33 | 897% above | $576.2M | -88.5% | 43.5% |
| ARRY | Array Technologies, Inc. | $3.43 | $18.60 | 82% below | $523.2M | 15.1% | 23.6% |
| NVEC | NVE CORP /NEW/ | $99.13 | $32.67 | 203% above | $479.7M | 21.0% | -30.2% |
| TE | T1 Energy Inc. | $2.62 | — | — | $454.9M | -31.1% | 25572.8% |
| AMBQ | Ambiq Micro, Inc. | $49.88 | $3.31 | 1407% above | $397.9M | 17.7% | -4.7% |
| INDI | indie Semiconductor, Inc. | $1.82 | — | — | $359.0M | 127.5% | 57.2% |
| LPTH | LIGHTPATH TECHNOLOGIES INC | $7.66 | $0.63 | 1116% above | $313.1M | -5.0% | 8.9% |
| MRAM | EVERSPIN TECHNOLOGIES INC. | $13.02 | $0.85 | 1432% above | $293.8M | -78.7% | 8.2% |
| ICG | Intchains Group Ltd | $1.36 | — | — | $164.4M | 28.2% | -22.8% |
| QUIK | QUICKLOGIC Corp | $8.98 | $5.13 | 75% above | $145.9M | -191.7% | -7.5% |
| GSIT | GSI TECHNOLOGY INC | $4.02 | — | — | $128.0M | -42.3% | -7.0% |
| ALMU | Aeluma, Inc. | $7.95 | — | — | $104.7M | -258.6% | 391.2% |
| ATOM | Atomera Inc | $3.08 | $2.37 | 30% above | $95.0M | 1445.4% | -6.4% |
| PALX | Palomino Laboratories Inc. | $14.00 | — | — | $94.0M | 39.9% | — |
| MX | MAGNACHIP SEMICONDUCTOR Corp | $2.56 | — | — | $92.7M | 5.7% | -13.9% |
| SODI | SOLITRON DEVICES INC | $36.00 | $7.60 | 374% above | $80.8M | 5.3% | 8.1% |
| TYGO | TIGO ENERGY, INC. | $0.82 | — | — | $53.6M | -35.5% | 8.4% |
| GUER | Guerrilla RF, Inc. | $4.12 | — | — | — | -402.5% | 22.9% |
| MOBX | MOBIX LABS, INC | $0.76 | — | — | $34.5M | -916.6% | 184.6% |
| FTCI | FTC Solar, Inc. | $1.61 | — | — | $22.6M | -194.2% | 11.1% |
| IPWR | Ideal Power Inc. | $2.98 | $88.75 | 97% below | $18.4M | -484.9% | -34.2% |
| LEDS | SemiLEDs Corp | $1.95 | — | — | $15.1M | -60.4% | 17.4% |
| ASTI | Ascent Solar Technologies, Inc. | $1.85 | — | — | $4.7M | 7.2% | -29.3% |
| SMTK | SmartKem, Inc. | $0.53 | — | — | $4.3M | 42442.9% | 49.3% |
| PRSO | Peraso Inc. | $0.36 | — | — | $2.6M | -188.1% | 8.2% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue