Benzinga - by Surbhi Jain, .
Semiconductor stocks have been in the spotlight lately, with ON Semiconductor (NASDAQ:ON) and Globalfoundries Inc (NASDAQ:GFS) trading near their 52-week lows.
These companies are part of the MANGO acronym, a term introduced by BofA Securities analyst Vivek Arya. ON and Globalfoundries — along with Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices, Broadcom (NASDAQ:AVGO), Analog Devices Inc (NASDAQ:ADI) and Nvidia Corp (NASDAQ:NVDA) — are sector leaders and aim to mirror the success of FAANG stocks.
We highlighted these stocks earlier in our analysis: What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?
ON Semiconductor, currently trading at around $66, has a 52-week range of $59.34 – $111.35, with the low of $59.34 recorded on April 22. On reports Q1 earnings on April 29, before the market open.
Globalfoundries, trading at around $48, has a 52-week range of $45.52 – $68.57, with the low of $45.52 also recorded on April 22, 2024. GFS reports Q1 earnings on May 7, before the market open.
MANGO Stocks Performance Overview
- Nvidia leads the pack with an impressive surge of +194.64%
- Broadcom follows with +116.45%
- Advanced Micro Devices boasts +98.07%.
- Marvell and Analog Devices also showcased notable gains
- GlobalFoundries and ON Semiconductor presented more modest figures, with declines of -22.42% and -11.90%, respectively.
| MANGO Stocks (Semis) | ||||||
| Symbol | Price | 52W Range ($) | YTD Perf | 1Y Perf | 3Y Perf | |
| NVDA | 796.77 | 266.25 974.00 | 60.89% | 194.64% | 421.95% | |
| ON | 65.53 | 59.34 111.35 | -21.55% | -11.90% | 54.01% | |
| AVGO | 1,256.82 | 601.29 1,438.17 | 12.59% | 98.07% | 169.63% | |
| ADI | 196.5 | 154.99 204.20 | -1.04% | 5.10% | 23.57% | |
| GFS | 47.31 | 45.52 68.57 | -21.93% | -22.42% | – | |
| AMD | 151.74 | 81.02 227.30 | 2.94% | 73.28% | 83.35% | |
| MRVL | 64.85 | 37.71 85.76 | 7.53% | 67.31% | 40.67% |
Data Source: Seeking Alpha
With ON and Globalfoundries are trading around their 52-week lows, investors wonder whether they hold value. Let’s look at the valuations.
Most Undervalued MANGO Stock
We compared the MANGO stocks on the following basis:
| Symbol | P/E FWD | EV / Sales |
| NVDA | 31.88 | 31.94 |
| ON | 15.32 | 3.55 |
| AVGO | 26.57 | 16.63 |
| ADI | 32.63 | 8.92 |
| GFS | 35.18 | 3.34 |
| AMD | 41.98 | 10.7 |
| MRVL | 45.49 | 10.82 |
Data Source: Seeking Alpha
ON and Globalfoundries are relatively better valued than their MANGO stock peers.
Analysts also see potential in investing in these stocks:
- ON Semiconductor commands a consensus price target of $73.33, suggesting an implied upside of 11.45% based on recent analyst ratings.
- Globalfoundries is pegged with a consensus price target of $60.33, hinting at a potential 27.26% upside, as per the latest analyst assessments.
With varied performance trajectories and distinct valuation metrics, investors have diverse options to consider within the MANGO portfolio.
Read Next: Intel’s Inventory Issues: Redditors Highlight How Overstock ‘Killed Their Margins,’ Yet Analysts See Upside
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