3 Cash Rich Semiconductor Stocks

Brittney Barrett |

The old adage that cash is king is regularly applied to stocks. More than a trite phrase though, a company’s cash pad can often be an indicator of a stocks safety, ability to initiate new growth and pay dividends. This is especially true when investing in a sector where many of the companies are producing duplicate products, for example semiconductors.  All semiconductors are not created equal, but many investors, without an advanced technology background may have trouble assessing the value of one product to the market over another. In those instances, it’s always best to look at the balance sheet.



Below are three cash rich companies within the sector that are ranked by their cash equivalents. CE can be employed by analysts to assess the cash support in place at companies battling for the same market share.

It’s not surprise that Intel (INTC), the largest producer of semiconductors internationally has the most impressive CE. Intel, which is rumored to be a possible candidate for Apple’s (AAPL) chip manufacturing business, has a CE of $11.98B;

The CE of Analog Devices (ADI) is dramatically beneath that of industry-giant, Intel but still maintains an impressive CE of $3.43B. The company, which engages in design, manufacturing and marketing of signal processing integrated circuits, has a market cap of $12.5 billion with shares up near 9 percent year to date as of Monday.

Altera (ALTR) ranks third with CE of $3.1B. The company, which manufactures and markets high-performance, high-density programmable logic devices, has a P/E ratio of 18.16.

 

 

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
SCHW.P.B Charles Schwab Corporation Depositary Shares Repre 25.83 0.06 0.23 131,975 Trade

Comments

Emerging Growth

Goldrea Resources Corp.

Goldrea Resources Corp is engaged in the acquisition, exploration and development of mineral properties located in North America.

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…