U.S. Semiconductors Industry Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies116
- 7D3.0%
- 3M18.2%
- 1Y92.9%
- YTD43.6%
The Semiconductors industry is up 3.0% in the last week, with NVIDIA up 2.3%. During this same period, the Arm Holdings underperformed, falling 5.9%. In the last 12 months, the industry was up 93%. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the U.S. Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | US$5.0t | US$444.9b | US$83.4b | 29.5x | 60.2x | 11.3x |
| Wed, 17 Apr 2024 | US$4.7t | US$447.5b | US$81.6b | 28.2x | 57.9x | 10.6x |
| Fri, 15 Mar 2024 | US$4.9t | US$446.0b | US$78.2b | 29.6x | 62.8x | 11x |
| Sun, 11 Feb 2024 | US$4.4t | US$429.4b | US$71.2b | 29.2x | 61.1x | 10.1x |
| Tue, 09 Jan 2024 | US$3.5t | US$433.3b | US$69.5b | 26.4x | 49.8x | 8x |
| Thu, 07 Dec 2023 | US$3.1t | US$432.2b | US$70.4b | 24.8x | 44.4x | 7.2x |
| Sat, 04 Nov 2023 | US$3.0t | US$421.3b | US$62.6b | 24.3x | 47.9x | 7.1x |
| Mon, 02 Oct 2023 | US$3.0t | US$428.2b | US$65.8b | 24.8x | 44.9x | 6.9x |
| Wed, 30 Aug 2023 | US$3.1t | US$427.7b | US$68.4b | 26.9x | 45.6x | 7.3x |
| Fri, 28 Jul 2023 | US$3.1t | US$427.2b | US$66.2b | 23.3x | 46.9x | 7.3x |
| Sun, 25 Jun 2023 | US$2.9t | US$434.1b | US$71.9b | 22.9x | 40.4x | 6.7x |
| Tue, 23 May 2023 | US$2.5t | US$434.7b | US$70.4b | 21.2x | 35.8x | 5.8x |
| Thu, 20 Apr 2023 | US$2.4t | US$443.7b | US$85.6b | 18.4x | 27.8x | 5.4x |
| Sat, 18 Mar 2023 | US$2.3t | US$447.4b | US$90.2b | 18x | 25.9x | 5.2x |
| Mon, 13 Feb 2023 | US$2.2t | US$442.5b | US$89.0b | 18.3x | 24.7x | 5x |
| Wed, 11 Jan 2023 | US$2.0t | US$447.6b | US$96.4b | 17.4x | 20.4x | 4.4x |
| Fri, 09 Dec 2022 | US$2.0t | US$449.4b | US$97.5b | 17.1x | 20.5x | 4.4x |
| Sun, 06 Nov 2022 | US$1.8t | US$446.9b | US$98.4b | 15.4x | 17.9x | 3.9x |
| Tue, 04 Oct 2022 | US$1.7t | US$439.9b | US$103.8b | 15.6x | 16.6x | 3.9x |
| Thu, 01 Sep 2022 | US$1.9t | US$441.7b | US$103.7b | 17.7x | 18.8x | 4.4x |
| Sat, 30 Jul 2022 | US$2.2t | US$430.5b | US$103.8b | 19.9x | 20.9x | 5x |
| Mon, 27 Jun 2022 | US$2.0t | US$428.0b | US$106.0b | 18.4x | 18.8x | 4.6x |
| Wed, 25 May 2022 | US$2.0t | US$422.9b | US$105.3b | 19.6x | 19.4x | 4.8x |
| Fri, 22 Apr 2022 | US$2.2t | US$409.2b | US$95.5b | 21.1x | 23.5x | 5.5x |
| Sun, 20 Mar 2022 | US$2.7t | US$410.6b | US$94.8b | 25.2x | 28x | 6.5x |
| Tue, 15 Feb 2022 | US$2.5t | US$401.8b | US$91.7b | 22.9x | 27.2x | 6.2x |
| Thu, 13 Jan 2022 | US$2.9t | US$391.3b | US$89.2b | 31.8x | 32.2x | 7.3x |
| Sat, 11 Dec 2021 | US$2.9t | US$388.3b | US$87.0b | 30.7x | 33.8x | 7.6x |
| Mon, 08 Nov 2021 | US$2.9t | US$384.8b | US$86.3b | 30.9x | 33.1x | 7.4x |
| Wed, 06 Oct 2021 | US$2.3t | US$368.5b | US$81.0b | 30.1x | 28.7x | 6.3x |
| Fri, 03 Sep 2021 | US$2.4t | US$363.7b | US$78.5b | 29.2x | 31.1x | 6.7x |
| Sun, 01 Aug 2021 | US$2.3t | US$358.3b | US$74.7b | 29.6x | 31.1x | 6.5x |
Price to Earnings Ratio
31.7x
Current Industry PE
- Investors are optimistic on the American Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 60.2x which is higher than its 3-year average PE of 33.8x.
- The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 11.3x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 6.9% per year over the last three years.
- Revenues for these companies have grown 9.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 1.79% | |
| Tech | 2.73% | |
| Semiconductors | 3.00% | |
| Semiconductors | 3.05% | |
| Semiconductor Equipment | 2.59% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 37.3x.
- Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings decline of 13.6% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NVDA NVIDIA | US$924.79 | 2.3% +US$49.9b | 196.6% | PE76.4x | |
| AVGO Broadcom | US$1.40k | 4.3% +US$26.8b | 105.7% | PE55.8x | |
| AMD Advanced Micro Devices | US$164.47 | 9.2% +US$22.5b | 52.3% | PE238.2x | |
| QCOM QUALCOMM | US$193.86 | 5.2% +US$10.8b | 84.1% | PE25.6x | |
| TXN Texas Instruments | US$195.02 | 3.8% +US$6.6b | 14.1% | PE30.2x |
