10 Electronics Stocks With 100% Potential According to Bank of America By Investing.com

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Investing.com – Semiconductor shortages during the electric vehicle sales boom could help boost profits for a handful of chipmakers, according to Bank of America (NYSE:).

Although global auto sales are only expected to grow 3-4% over the next two years, the transition to electric vehicles means chip sales are expected to grow 7-9% year over year over the next two years. next few years, the bank said.

This higher growth rate is due to the fact that battery electric vehicles contain twice as many chips, worth more than $1,000 per car, compared to gasoline vehicles which contain around $600, a specified the institution.

“We are structurally bullish on the automotive theme with secular trends through digitalization/advanced driver assistance systems and EV adoption”

10 electronics stocks with 100% potential according to Bank of America

Renesas electronics (TYO:), a Japanese chipmaker, has an upside potential of 119.8% according to Bank of America. The stock is expected to have a fair value of 1,928.45 yen on average according to the Investing Pro model, representing an upside potential of 51.3%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 2.139 yen with a range between 1.130 and 3.300 yen.

STMicroelectronics (EPA:), a French semiconductor manufacturer, has an upside potential of 78.5% according to Bank of America. The stock is expected to have a fair value of 52.14 euros on average according to the Investing Pro model, representing an upside potential of 43.2%. The stock price is in the middle of its 52-week range. Analysts expect an average price of 46.64 euros with a range between 23 and 67 euros.

Marvell Technology (NASDAQ:), an American chipmaker, has an upside potential of 58.2% according to Bank of America. The stock is expected to have a fair value of $46.94 on average according to the Investing Pro model, representing an upside potential of 12.5%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 63.03 dollars with a range between 41 and 125 dollars.

Infineon Technologies (ETR:), a German semiconductor maker, has upside potential of 41.1% according to Bank of America. The stock is expected to have a fair value of 43.46 euros on average according to the Investing Pro model, representing an upside potential of 37.9%. The stock price is in the middle of its 52-week range. Analysts expect an average price of 41.69 euros with a range between 20 and 52 euros.

NVIDIA Corporation (NASDAQ:), maker of graphics cards, has an upside potential of 28.2% according to Bank of America. The stock is expected to have a fair value of $149.03 on average according to the Investing Pro model, representing a downside risk of 10.9%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 204.29 dollars with a range between 110 and 320 dollars.

Soitec (EPA:), a French semiconductor manufacturer, has a potential upside of 25.4% according to Bank of America. The stock is expected to have a fair value of 196.40 euros on average according to the Investing Pro model, representing an upside potential of 23.9%. The stock price is in the middle of its 52-week range. Analysts expect an average price of 221.73 euros with a range between 190 and 275 euros.

Qualcomm (NASDAQ:), an American chipmaker, has an upside potential of 25.2% according to Bank of America. The stock is expected to have a fair value of $173.90 on average according to the Investing Pro model, representing an upside potential of 43.6%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 152.02 dollars with a range between 105 and 250 dollars.

NXP Semiconductors (NASDAQ:), a Dutch electronics maker, has upside potential of 22.6% according to Bank of America. The stock is expected to have a fair value of $232.16 on average according to the Investing Pro model, representing an upside potential of 36.5%. The stock price is in the middle of its 52-week range. Analysts expect an average price of 182.59 dollars with a range between 140 and 225 dollars.

Analog devices (NASDAQ:), American integrated circuit manufacturer, would have an upside potential of 20.1% according to Bank of America. The stock is expected to have a fair value of $193.86 on average according to the Investing Pro model, representing an upside potential of 14.9%. The stock price is at the top of its 52-week range posing a downside risk. Analysts expect an average price of 193.15 dollars with a range between 145 and 220 dollars.

Microchip technology (NASDAQ:), an American embedded chip maker, has an upside potential of 13.1% according to Bank of America. The stock is expected to have a fair value of $98.78 on average according to the Investing Pro model, representing an upside potential of 29.3%. The stock price is at the top of its 52-week range posing a downside risk. Analysts expect an average price of 82 dollars with a range between 62 and 125 dollars.

See the Investing Pro templates for more details on the stocks mentioned and their fair values ​​as well as other indicators.

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