Business Corpus: Semiconductor Stocks To Consider Buying When The Time Is RightFinding the best semiconductor stocks involves understanding the health of the markets that buy chips for their products. When smartphone sales rise or fall, chipmakers are impacted. The same goes for sales of automobiles, personal computers, data centers and other end markets. The post Semiconductor Stocks To Consider Buying When The Time Is Right appeared first on Investor's Business Daily.

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Finding the best semiconductor stocks to buy involves understanding the health of the markets that buy chips for their products.

When smartphone sales rise or fall, chipmakers are impacted. The same goes for sales of automobiles, personal computers, data centers and other end-markets for microprocessors.

Computer chips also are the enabling technology behind a host of emerging trends, ranging from the Internet of Things and robotics to self-driving cars and artificial intelligence.

Top-Performing Semiconductor Stocks

The IBD 50 list of top-performing growth stocks currently includes four semiconductor companies: Electro Scientific Industries (ESIO), Micron Technology (MU), Nanometrics (NANO) and Nvidia (NVDA).

Remember, when looking for semiconductor stocks to buy, watch-lists like the IBD 50 are just a starting point. Before you buy, make sure the stocks are forming proper bases and hitting appropriate buy points.

Electro Scientific Industries

Chip-gear supplier Electro Scientific Industries has been forming a cup base over the past 37 weeks with a buy point of 27.82. It hit a 15-year high of 27.72 on Nov. 27.

Portland, Ore.-based ESI makes laser-based manufacturing systems for the microtechnology industry.

Micron Technology

Shares of memory-chip maker Micron have been consolidating over the past 11 weeks with a buy point of 64.76. The stock attempted a breakout of a cup base on May 29 when it touched a buy point of 63.52, but it soon reversed.

The Boise, Idaho-based company makes DRAM and Nand flash memory chips for computers, smartphones, consumer electronics and other devices.

Nanometrics

Semiconductor-equipment provider Nanometrics has been forming a cup base for the past 10 weeks with a buy point of 44.27. It is trading just below a 17-year high of 44.17, reached on June 6.

Nanometrics broke out of a six-week cup base with a buy point of 30.59 on May 2, before consolidating again.

The Milpitas, Calif.-based company makes advanced process control systems used in the production of semiconductors.

Nvidia

Graphics-chip maker Nvidia is a longtime member of the IBD 50 list. It busted out of a seven-week double-bottom base at a buy point of 239.35 on May 7. It hit an all-time high of 269.20 on June 14. The stock now trades near its 50-day moving average. It has formed a flat base over the past eight weeks with a buy point of 269.30.

Santa Clara, Calif.-based Nvidia also is on the MarketSmith Growth 250 list of high-potential stocks. The list currently features 11 semiconductor industry stocks.

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