AVT Stock: “Strong Bullish” U.S. Semiconductor Co.

In 2021, Taiwan and China built 20 new semiconductor manufacturing facilities.

The United States had only four.

The US government has stepped in to encourage US semiconductor manufacturers to compete more with their Asian counterparts:

You can see in the chart above that the value of the global semiconductor market will be 101.3% increase From 2020 to 2030.

China and Taiwan have the semiconductor market in the corner.

In April 2022, China sold $16.7 billion worth of chips.

North, South and Central America together sold for 11.9 billion dollars.

Last week, the US Senate Approved $50 billion in new subsidies to strengthen chip manufacturing in the US.

Today’s power stock is Avnet Ltd. (NASDAQ: AVT)American semiconductor manufacturer.

In addition to selling semiconductors, Avant supplies electronic components for use across sectors, including:

  • vehicle.
  • medical.
  • defense and space.
  • communication.

Avnet shares are rated “strong bullish” 93 out of 100 on our stock strength rating system, and we expect it to beat the broader market 3 times in the next 12 months.

AVT Semiconductor Stock: Value + Momentum

AVT posted a strong third quarter.

Highlights include:

  • Total sales of 6.5 billion dollars – An increase of 32.7% compared to the corresponding quarter last year.
  • A An increase of 72%. in earnings per share during 2021.

Avant is an excellent value stock, earning a 98 on the index in our proprietary system.

Its price-to-earnings ratio is 8.4, ie more than three times lower than the average in the information technology industry. AVT stock is a bargain, folks.

Avant’s growth is also strong.

its The annual growth rate of earnings per share is 756%And it just came out in a blockbuster quarter for sales.

AVT stock chart

Created in July 2022.

After hitting a low in April, AVT fell and rallied 34.4% in two months.

Broad market headwinds absorbed those gains, but the stock is up 9.6% since the end of June.

Avant share ratings a 93 in total About our proprietary stock strength rating system.

This means we are “strong bulls” and expect it to beat the broader market At least three times in the next 12 months.

America wants to be more competitive in the semiconductor market.

The US government’s latest bill gives that effort a $50 billion boost.

I am sure that Avnet Inc. It is a great semiconductor stock for your portfolio.

grant: Avant’s forward dividend yield of 2.3% means it pays shareholders $1.04 per share, per year.

Stay tuned: Biopharma Power Stock

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safe trading,

Matt Clark, CMSA®
Research analyst, money and markets

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