Theme

Semiconductors

The chip supply chain — designers, equipment and components.

48 covered names · ranked by upside

Amphenol Corporation (APH)

BUY. 12-month probability-weighted target $160 (+95% vs spot). P/E Multiple explains 73% of Monte Carlo outcome variance.

APHEquity ResearchMonte Carlo

4 September 2026Rating: BUY · +71.8%

Equity Research

Cirrus Logic Inc (CRUS)

BUY. 12-month probability-weighted target $134 (+21% vs spot). P/E Multiple explains 71% of Monte Carlo outcome variance.

CRUSEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +28.8%

Equity Research

Ciena Corp (CIEN)

BUY. 12-month probability-weighted target $479 (+27% vs spot). P/E Multiple explains 63% of Monte Carlo outcome variance.

CIENEquity ResearchMonte Carlo

30 August 2026Rating: BUY · +21.2%

Equity Research

NXP Semiconductors NV (NXPI)

BUY. 12-month probability-weighted target $267 (+19% vs spot). P/E Multiple explains 75% of Monte Carlo outcome variance.

NXPIEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +12.1%

Equity Research

ON Semiconductor Corporation (ON)

BUY. 12-month probability-weighted target $88 (+24% vs spot). P/E Multiple explains 65% of Monte Carlo outcome variance.

ONEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +8.4%

Equity Research

Rambus Inc (RMBS)

BUY. 12-month probability-weighted target $100 (+15% vs spot). P/E Multiple explains 84% of Monte Carlo outcome variance.

RMBSEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +6.6%

Equity Research

Synaptics Incorporated (SYNA)

BUY. 12-month probability-weighted target $112 (+18% vs spot). P/E Multiple explains 62% of Monte Carlo outcome variance.

SYNAEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +6.6%

Equity Research

Applied Materials Inc (AMAT)

BUY. 12-month probability-weighted target $624 (+32% vs spot). P/E Multiple explains 79% of Monte Carlo outcome variance.

AMATEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +5.3%

Equity Research

Amkor Technology Inc (AMKR)

BUY. 12-month probability-weighted target $62 (+23% vs spot). Gross Margin explains 56% of Monte Carlo outcome variance.

AMKREquity ResearchMonte Carlo

9 September 2026Rating: BUY · +4.8%

Equity Research

Microchip Technology Inc (MCHP)

BUY. 12-month probability-weighted target $84 (+15% vs spot). P/E Multiple explains 78% of Monte Carlo outcome variance.

MCHPEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +3.6%

Equity Research

KLA Corporation (KLAC)

BUY. 12-month probability-weighted target $249 (+32% vs spot). P/E Multiple explains 82% of Monte Carlo outcome variance.

KLACEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +3.2%

Equity Research

Universal Display (OLED)

HOLD. 12-month probability-weighted target $81 (-1% vs spot). P/E Multiple explains 79% of Monte Carlo outcome variance.

OLEDEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · +2.1%

Equity Research

Coherent Inc (COHR)

BUY. 12-month probability-weighted target $378 (+25% vs spot). P/E Multiple explains 75% of Monte Carlo outcome variance.

COHREquity ResearchMonte Carlo

9 September 2026Rating: BUY · +2.0%

Equity Research

Qualcomm Incorporated (QCOM)

HOLD. 12-month probability-weighted target $177 (+2% vs spot). P/E Multiple explains 73% of Monte Carlo outcome variance.

QCOMEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · +1.7%

Equity Research

Allegro Microsystems Inc (ALGM)

BUY. 12-month probability-weighted target $47 (+28% vs spot). P/E Multiple explains 66% of Monte Carlo outcome variance.

ALGMEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +1.6%

Equity Research

Qnity Electronics, Inc (Q)

BUY. 12-month probability-weighted target $153 (+24% vs spot). P/E Multiple explains 61% of Monte Carlo outcome variance.

QEquity ResearchMonte Carlo

9 September 2026Rating: BUY · +0.8%

Equity Research

F5 Networks Inc (FFIV)

HOLD. 12-month probability-weighted target $368 (-6% vs spot). P/E Multiple explains 81% of Monte Carlo outcome variance.

FFIVEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -1.5%

Equity Research

Texas Instruments Incorporated (TXN)

HOLD. 12-month probability-weighted target $280 (+8% vs spot). P/E Multiple explains 79% of Monte Carlo outcome variance.

TXNEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -1.5%

Equity Research

Analog Devices Inc (ADI)

HOLD. 12-month probability-weighted target $380 (+5% vs spot). P/E Multiple explains 81% of Monte Carlo outcome variance.

ADIEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -2.5%

Equity Research

First Solar Inc. (FSLR)

HOLD. 12-month probability-weighted target $226 (+6% vs spot). P/E Multiple explains 70% of Monte Carlo outcome variance.

FSLREquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -2.8%

Equity Research

Cisco Systems Inc (CSCO)

HOLD. 12-month probability-weighted target $114 (+5% vs spot). P/E Multiple explains 81% of Monte Carlo outcome variance.

CSCOEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -3.7%

Equity Research

Lam Research Corp (LRCX)

HOLD. 12-month probability-weighted target $331 (+3% vs spot). P/E Multiple explains 71% of Monte Carlo outcome variance.

LRCXEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -5.3%

Equity Research

Skyworks Solutions Inc (SWKS)

HOLD. 12-month probability-weighted target $68 (-10% vs spot). P/E Multiple explains 64% of Monte Carlo outcome variance.

SWKSEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -5.4%

Equity Research

NVIDIA Corporation (NVDA)

SELL. 12-month probability-weighted target $199 (-12% vs spot). Revenue Growth explains 59% of Monte Carlo outcome variance.

NVDAEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -6.2%

Equity Research

Viavi Solutions Inc (VIAV)

HOLD. 12-month probability-weighted target $39 (+0% vs spot). P/E Multiple explains 73% of Monte Carlo outcome variance.

VIAVEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -9.0%

Equity Research

Littelfuse Inc (LFUS)

HOLD. 12-month probability-weighted target $399 (-6% vs spot). P/E Multiple explains 55% of Monte Carlo outcome variance.

LFUSEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -11.1%

Equity Research

Advanced Energy Industries Inc (AEIS)

HOLD. 12-month probability-weighted target $280 (-3% vs spot). P/E Multiple explains 62% of Monte Carlo outcome variance.

AEISEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -11.8%

Equity Research

MACOM Technology Solutions Holdings Inc (MTSI)

HOLD. 12-month probability-weighted target $269 (-2% vs spot). P/E Multiple explains 82% of Monte Carlo outcome variance.

MTSIEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -12.7%

Equity Research

Onto Innovation Inc (ONTO)

HOLD. 12-month probability-weighted target $278 (-1% vs spot). P/E Multiple explains 78% of Monte Carlo outcome variance.

ONTOEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -12.8%

Equity Research

MKS Instruments Inc (MKSI)

SELL. 12-month probability-weighted target $232 (-13% vs spot). P/E Multiple explains 74% of Monte Carlo outcome variance.

MKSIEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -15.4%

Equity Research

Broadcom Inc (AVGO)

HOLD. 12-month probability-weighted target $360 (-2% vs spot). P/E Multiple explains 84% of Monte Carlo outcome variance.

AVGOEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -17.3%

Equity Research

Motorola Solutions Inc (MSI)

SELL. 12-month probability-weighted target $401 (-13% vs spot). P/E Multiple explains 75% of Monte Carlo outcome variance.

MSIEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -21.6%

Equity Research

Monolithic Power Systems Inc (MPWR)

HOLD. 12-month probability-weighted target $1202 (-1% vs spot). P/E Multiple explains 80% of Monte Carlo outcome variance.

MPWREquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -21.8%

Equity Research

Corning Incorporated (GLW)

HOLD. 12-month probability-weighted target $170 (+2% vs spot). P/E Multiple explains 61% of Monte Carlo outcome variance.

GLWEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -23.5%

Equity Research

Entegris Inc (ENTG)

HOLD. 12-month probability-weighted target $133 (-6% vs spot). P/E Multiple explains 60% of Monte Carlo outcome variance.

ENTGEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -25.5%

Equity Research

Lumentum Holdings Inc (LITE)

SELL. 12-month probability-weighted target $697 (-17% vs spot). P/E Multiple explains 76% of Monte Carlo outcome variance.

LITEEquity ResearchMonte Carlo

7 August 2026Rating: SELL · -25.8%

Equity Research

Teradyne Inc (TER)

HOLD. 12-month probability-weighted target $358 (-4% vs spot). P/E Multiple explains 75% of Monte Carlo outcome variance.

TEREquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -26.1%

Equity Research

InterDigital Inc (IDCC)

SELL. 12-month probability-weighted target $261 (-23% vs spot). P/E Multiple explains 80% of Monte Carlo outcome variance.

IDCCEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -26.4%

Equity Research

Marvell Technology Group Ltd (MRVL)

HOLD. 12-month probability-weighted target $211 (-6% vs spot). P/E Multiple explains 80% of Monte Carlo outcome variance.

MRVLEquity ResearchMonte Carlo

9 September 2026Rating: HOLD · -27.1%

Equity Research

Belden Inc (BDC)

SELL. 12-month probability-weighted target $100 (-18% vs spot). Gross Margin explains 60% of Monte Carlo outcome variance.

BDCEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -29.5%

Equity Research

Arista Networks (ANET)

SELL. 12-month probability-weighted target $157 (-19% vs spot). P/E Multiple explains 87% of Monte Carlo outcome variance.

ANETEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -31.8%

Equity Research

Lattice Semiconductor Corporation (LSCC)

SELL. 12-month probability-weighted target $99 (-15% vs spot). P/E Multiple explains 81% of Monte Carlo outcome variance.

LSCCEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -33.5%

Equity Research

Semtech Corporation (SMTC)

SELL. 12-month probability-weighted target $126 (-23% vs spot). P/E Multiple explains 68% of Monte Carlo outcome variance.

SMTCEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -38.7%

Equity Research

Advanced Micro Devices Inc (AMD)

SELL. 12-month probability-weighted target $387 (-24% vs spot). P/E Multiple explains 76% of Monte Carlo outcome variance.

AMDEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -40.3%

Equity Research

Silicon Laboratories Inc (SLAB)

At the current quote Silicon Laboratories Inc is trading rich to the engine's triangulated fair value (-31%). The business — Silicon Laboratories Inc., a factory-less semiconductor company, provides mixed-signal…

SLABEquity ResearchMonte Carlo

30 July 2026Rating: N/A · -44.9%

Equity Research

Sitime Corporation (SITM)

SELL. 12-month probability-weighted target $409 (-32% vs spot). P/E Multiple explains 83% of Monte Carlo outcome variance.

SITMEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -45.4%

Equity Research

Intel Corporation (INTC)

SELL. 12-month probability-weighted target $47 (-55% vs spot). Gross Margin explains 57% of Monte Carlo outcome variance.

INTCEquity ResearchMonte Carlo

9 September 2026Rating: SELL · -57.2%

Equity Research

Micron Technology (MU)

SELL. 12-month probability-weighted target $309 (-67% vs spot). Revenue Growth explains 45% of Monte Carlo outcome variance.

MUEquity ResearchMonte Carlo

30 August 2026Rating: SELL · -69.0%