7 Best Semiconductor Stocks to Buy for June 2022

7 Best Semiconductor Stocks to Buy for June 2022
Posted by:Alex Belov Posted on:Jun 16,2022

Analysts expect the semiconductor market to grow by 8-15% annually. Bank of America even compared semiconductors to the new oil in the global economy. In the first six months of 2022, semiconductor stocks have lost about 30%. Semiconductors today can be called the main building blocks for creating modern electronics: computers, electric vehicles, smart technology, artificial intelligence. They are used not only in electronic devices, but also provide progress in military technology, clean energy, transport, healthcare, communications, and computer technology.

The 7 Best Semiconductor Stocks to Buy for June 2022

№ 1. Micron Technology
Micron
MU
Price on June 16, 2022: $59,13
Average target price for the next 12 months: $104,19
Percent upside potential for stocks over the next 12 months
76.22%
№ 2. TSMC
TSMC
TSM
Price on June 16, 2022: $89,12
Average target price for the next 12 months: $138,29
Percent upside potential for stocks over the next 12 months
55.18%
№ 3. NVIDIA
NVIDIA
NVDA
Price on June 16, 2022: $167,4
Average target price for the next 12 months: $242,29
Percent upside potential for stocks over the next 12 months
44.74%
№ 4. AMD
AMD
AMD
Price on June 16, 2022: $86,79
Average target price for the next 12 months: $130
Percent upside potential for stocks over the next 12 months
49.79%
№ 5. Lam Research
Lam R.
LRCX
Price on June 16, 2022: $438,93
Average target price for the next 12 months: $628,59
Percent upside potential for stocks over the next 12 months
43.21%
№ 6. Western Digital
Western
WDC
Price on June 16, 2022: $48,49
Average target price for the next 12 months: $67,40
Percent upside potential for stocks over the next 12 months
39%
№ 7. Broadcom Limited
Broadcom
AVGO
Price on June 16, 2022: $526,32
Average target price for the next 12 months: $710,53
Percent upside potential for stocks over the next 12 months
35%
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Alex Belov

Developers by oneinveststock.com. Analyst, investor

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