Nancy Tengler Shows Interest In These 2 Semiconductor Stocks

On CNBC’s "Trading Nation," Nancy Tengler of Laffer Tengler Investments discussed chip stocks and congratulated investors who owned Wolfspeed Inc WOLF after the company’s shares jumped significantly following quarterly results.

Tengler said Taiwan Semiconductor Mfg. Co. Ltd. TSM reported a great quarter and boosted outlook. The company projects 51% to 53% gross margin for the fourth quarter despite higher prices and has a dividend yield of around 1.7%.

She noted Lam Research Corporation LRCX is the semiconductor stock that doesn’t get "talked about very much." The company posted a decent quarter, also boosting its dividend by 15%. With the stock off its highs and having an attractive valuation, she said Lam Research is a "name that you can earn for a very long time."

Wolfspeed Inc WOLF jumped more than 33% on Thursday after reporting a narrower-than-expected quarterly loss. Teradyne, Inc. TER was the second-best performing chip stock, with shares jumping 11%.

Price Action: Taiwan Semiconductor shares rose 2% to close at $116.01, while shares of Lam Research climbed 2.2% to settle at $565.95.