Wall Street's Most Accurate Analysts Reshuffled Their Best Semiconductor Picks, Here They Are

As the peak season for the third quarter gets underway, several semiconductor companies have released their earnings reports and investors await reports from other major firms.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the big semiconductor stocks from several analysts, according to Benzinga Analyst Stock Ratings.

NVIDIA Corporation NVDA

Recent Analyst Ratings

• Barclays analyst Blayne Curtis maintained an Overweight rating on the company's stock on October 24, 2022, but lowered the price target from $190 to $140.
• Accuracy Rate: 63%
• Deutsche Bank’s analyst Ross Seymore reiterated a Hold rating the company's stock on October 18, 2022, but cut the price target from $165 to $140.
• Accuracy Rate: 66%
• Citigroup’s analyst Atif Malik reiterated a Buy rating the company's stock on October 11, 2022, but cut the price target from $248 to $210.
• Accuracy Rate: 69%
• Recent News: NVIDIA is scheduled to host a conference call on Wednesday, November 16, to discuss its financial results for the third quarter.
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Broadcom Inc. AVGO

Recent Analyst Ratings

• Deutsche Bank’s analyst Ross Seymore maintained a Buy rating on the company’s stock on October 18, 2022, but lowered the price target from $635 to $575.
• Accuracy Rate: 66%
• Truist Securities analyst William Stein reiterated a Buy rating the company’s stock on September 2, 2022, but lowered the price target from $658 to $630.
• Accuracy Rate: 72%
• Recent News: Broadcom, during September, reported better-than-expected Q3 results and issued Q4 sales guidance above estimates.
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Texas Instruments Incorporated TXN

Recent Analyst Ratings

• Benchmark’s analyst Cody Acree maintained a Buy rating on the company’s stock on October 26, 2022, but cut the price target from $205 to $189.
• Accuracy Rate: 77%
• Morgan Stanley’s analyst Joseph Moore maintained an Underweight rating on the company's stock on October 26, 2022, but lowered the price target from $160 to $152.
• Accuracy Rate: 60%
• Citigroup’s analyst Christopher Danely maintained a Neutral rating on the company's stock on October 26, 2022, but lowered the price target from $165 to $155.
• Accuracy Rate: 72%
• Recent News: Texas Instruments recently issued Q4 revenue guidance below estimates.
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QUALCOMM Incorporated QCOM

Recent Analyst Ratings

• Mizuho analyst Vijay Rakesh maintained a Buy rating on the company’s stock on November 3, 2022, but lowered the price target from $175 to $150.
• Accuracy Rate: 65%
• Raymond James analyst Melissa Fairbanks reiterated a Strong Buy rating on the company's stock on November 3, 2022, but reduced the price target from $190 to $150.
• Accuracy Rate: 23%
• Piper Sandler’s analyst Harsh Kumar reiterated an Overweight rating on the company's stock on November 3, 2022, but reduced the price target from $185 to $145.
• Accuracy Rate: 74%
• Recent News: QUALCOMM issued weak outlook for the first quarter. However, the company’s fiscal fourth-quarter revenue surged 22% year-over-year to $11.39 billion.