One Coin to Rule Them All...

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?

Surbhi Jain
April 09, 2024

In a bid to mirror the success of FAANG stocks, BofA Securities analyst Vivek Arya introduced a novel grouping in the semiconductor sector known as MANGO.

Comprising Marvell Technology Inc (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), Analog Devices Inc (NASDAQ:ADI), Broadcom Inc (NASDAQ:AVGO), Nvidia Corp (NASDAQ:NVDA), GlobalFoundries Inc (NASDAQ:GFS), and On Semiconductor Corp (NASDAQ:ON), the MANGO portfolio seeks to capture the essence of industry leaders in the semiconductor domain.

Nvidia, Broadcom Lead, While GFS, OnSemi Lag for Performance

Chart Source: Benzinga Pro, Data source: TradingView

A look at the one-year price performance showed MANGO stocks exhibit a mix of growth trajectories. Nvidia leads the pack with an impressive surge of +220.78%, followed by Broadcom of +116.45% and Advanced Micro Devices of +84.96%. Marvell Technology and Analog Devices also showcased notable gains, while GlobalFoundries and Onsemi presented more modest figures, with declines of -22.07% and -7.89%, respectively.

Also Read: Not Nvidia Or Super Micro, But These Stocks Have A Better Growth Story Than Tesla And Apple, Says Expert

Which MANGO Stock Is Most Undervalued Right Now

Delving into the valuation metrics, we observed variations across the MANGO stocks.

Benzinga looked at the MANGO stocks — Marvell Technology, Advanced Micro Devices, Analog Devices, Broadcom, Nvidia, GlobalFoundries and On Semiconductor — to figure out which stock appeared to be the most undervalued right now.

Benzinga looked into two multiples to get a clearer picture on valuations:

  1. Price-to-Earnings (P/E) Ratio: so investors can assess the relative valuation of MANGO stocks based on their earnings generation.
  2. Enterprise Value-to-Sales (EV/Sales) Ratio: MANGO stocks may not have consistent profits but have strong revenue growth.
StockP/E FWDEV / Sales
Nvidia35.1234.96
On Semiconductor16.053.72
Broadcom28.2717.58
Analog Devices32.678.93
GlobalFoundaries37.893.56
Advanced Micro Devices47.3511.99
Marvell Technology50.111.93
MANGO Stocks' Valuation Comparison

Data source: Seeking Alpha

Nvidia maintains a P/E ratio of 35.12 and an EV/Sales ratio of 34.96, reflecting its robust market position. Conversely, ON Semiconductor emerges as a potential undervalued gem with a comparatively lower P/E ratio of 16.05 and an attractive EV/Sales ratio of 3.72.

Notably, GlobalFoundries also boasts a healthy EV/Sales multiple, indicating favorable market sentiment despite recent declines.

13% -18% Upside From These Undervalued Gems

Analysts offered a nuanced view of MANGO stocks. Benzinga looked into the undervalued gems and figured:

  • ON Semiconductor commanded a consensus price target of $83.97, suggesting an implied upside of 18.35% based on recent analyst ratings.
  • GlobalFoundries was pegged with a consensus price target of $69.71, hinting at a potential 12.27% upside, as per the latest analyst assessments.

The emergence of the MANGO stocks underscored the semiconductor sector’s endeavor to emulate the success of tech behemoths like FAANG.

With varied performance trajectories and distinct valuation metrics, investors have diverse options to consider within the MANGO portfolio.

As the semiconductor industry evolves, prudent analysis and strategic investment decisions will be pivotal in navigating this dynamic landscape.

Read Next: Ahead Of Chip Earnings, Analyst Turns More Bullish On Nvidia And These Semiconductor Stocks On Robust AI Demand

Photo: Shutterstock

Continue Reading...

Popular

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

Record broken for most passengers screened at US airports, TSA says

ATLANTA (AP) — A record was broken for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday.

This Is Bad News for Biden... - Ad

"Bill Clinton is back. And he just met in Mexico with the one person I believe could REPLACE Joe Biden by August... To become the next President of the United States. (And, no, it's NOT Hillary.) When you see who, you'll be terrified... Because if I'm right about the election outcome... What I'm predicting is coming right AFTER will downright terrify you. I'm recommending every American make urgent moves with their money right now." --Louis Navellier

Bitcoin Hits One Billion Transactions Amid Weekend Rebound 15 Years After Satoshi Nakamoto Created It — But Was It Faster Than Ethereum?

In a historic milestone for the cryptocurrency industry, Bitcoin (CRYPTO: BTC) surpassed 1 billion on-chain transactions, 15 years after its launch by the pseudonymous creator, Satoshi Nakamoto.

Fed's Stance On Inflation, Job Market Performance, And Peter Schiff Slamming Jerome Powell: Top Economic Updates This Week

As the weekend concludes, notable events included the Federal Reserve's hawkish stance, a potential shift on inflation, Jerome Powell's reassurance against rate hikes, a cooling job market, and economist Peter Schiff's criticism of Powell's stance on stagflation.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

AstraZeneca Pulls Plug On Vaxzevria COVID-19 Vaccine Amid Surplus of Updated Vaccines

It is worth noting that AstraZeneca has previously conceded in court documents that Vaxzevria can induce side effects such as blood clots and low blood platelet counts.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

MINNEAPOLIS (AP) — People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

Australia Calls For Inquiry Into Meta's Facebook, Elon Musk's X, TikTok To 'Make These Platforms Accountable For Their Decisions'

The Australian government has expressed concerns over the lack of regulation and oversight on social media platforms, which have a significant impact on the content viewed by Australians. The inquiry will specifically focus on the platforms' handling of violent content and their withdrawal from paying for news in Australia.

I Have a Mystery Offer for You! - Ad

Today, I'm offering you the chance to receive a PLATINUM BTM subscription for up to 90% OFF! There's just one catch... This deal is only open until midnight on Monday. That's it. No exceptions. When the clock strikes midnight on May 27th, this deal will be gone.

Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump

The fading sway of Trump in motor sports suggests the breakup of the conservative-racing connection, as shown by recent developments at the Miami Grand Prix.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Nvidia's AI Dominance Evident As Tech Behemoths From Microsoft To Meta And Google Keep Pumping Billions Into Chipmaker, Analysis Reveals

Nvidia is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant's AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished

NORWALK, Conn. (AP) — A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut has been demolished.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch

President Joe Biden's administration is moving to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

Russian President Warns Of Global Conflict During World War 2 Victory Day Celebrations, But Says 'Will Do Everything' To Prevent Clash

As Russia marked the 79th anniversary of the Soviet Union's victory over Nazi Germany in World War II, President Vladimir Putin warned the West of the potential for a global conflict.

The Biggest Year in Crypto Is Here... Right Now - Ad

The LAST bull run in crypto handed out 4 and 5-figure returns... This time the odds are stacked even better in our favor. 19 Wall Street banks are pouring millions into crypto right now... Blackrock Financial has gone ALL IN and is already breaking records with their investment. $100 trillion in Wall Street money is just waiting to be deployed. The only thing missing... is you.

Second Death - Pfizer Reports Young Boy's Death After One Year Of Gene Therapy Treatment In Muscle Wasting Disorder Trial

A young patient passed away from cardiac arrest after receiving Pfizer's experimental gene therapy for Duchenne muscular dystrophy. Pfizer investigates while trials continue, including Phase 3 study. Second death associated with the therapy.

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

5 Things Warren Buffett Says You Need To Do Before Recession Hits

Warren Buffett advises 5 things to do before a recession: shore up liquidity, invest in blue chip stocks, maintain a long-term outlook, stick to your plan, and avoid no-growth assets.

US applications for jobless benefits come back down after last week's 9-month high

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced.

These 5 Picks Put You on the Path Towards $500K - Ad

Give me just 10 minutes and I'll show you all the jaw-dropping details I've uncovered behind the next generation of investing... and why NOW is the best time to make your move... No games, no gimmicks...just a very real chance to rake in up to $500k in the next 12 months from these 5 'off the radar' opportunities.

The Taliban warn journalists and experts against cooperating with Afghanistan International TV

KABUL, Afghanistan (AP) — on Thursday warned journalists and experts against working with Afghanistan International TV, saying they would be committing a crime if they cooperated with the station. It’s the first time they have told people not to cooperate with a specific outlet.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

US aims to stay ahead of China in using AI to fly fighter jets, navigate without GPS and more

WASHINGTON (AP) — Two Air Force fighter jets recently squared off in a dogfight in California. One was flown by a pilot.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service