2 Semiconductor MANGO Stocks Trading Near 52-Week Lows As They Head Into Q1 Earnings
Portfolio Pulse from Surbhi Jain
Semiconductor stocks ON Semiconductor (NASDAQ:ON) and Globalfoundries Inc (NASDAQ:GFS) are trading near their 52-week lows as they approach Q1 earnings, part of the MANGO group aiming to emulate FAANG success. Despite recent declines, ON and Globalfoundries are considered undervalued based on P/E and EV/Sales ratios, with analysts seeing potential upside. The broader MANGO group shows varied performance, with Nvidia, Broadcom, and AMD leading in growth.
April 25, 2024 | 7:14 pm
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POSITIVE IMPACT
Globalfoundries Inc is trading near its 52-week low but is seen as undervalued with a significant potential upside according to analysts.
Globalfoundries' trading position near its 52-week low, combined with favorable valuation metrics and a 27.26% upside potential as per analysts, suggests a positive short-term outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ON Semiconductor trades near its 52-week low but is considered undervalued with potential upside according to analysts.
Trading near its 52-week low, ON Semiconductor is seen as undervalued based on P/E and EV/Sales ratios. Analyst consensus suggests an 11.45% upside, indicating potential short-term growth.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90