10 Most Undervalued Semiconductor Stocks to Buy Now

7. Skyworks Solutions, Inc. (NASDAQ:SWKS)

Forward P/E as of March 3: ~13.4x

Number of Hedge Fund Holders: 31

Skyworks Solutions, Inc. (NASDAQ:SWKS) is engaged in designing, developing, manufacturing, and marketing proprietary semiconductor products. The company kicked off the new fiscal year with healthy results, increasing revenue by 4% sequentially and exceeding the midpoint of guidance. Notably, in Q1 2025, the company saw revenues of $1.068 billion. Skyworks Solutions, Inc. (NASDAQ:SWKS) saw consistent improvement in demand indicators within Broad Markets, while it supported several new product launches in Mobile.

Additionally, the company saw another quarter of impressive FCF with margins surpassing 30%. Skyworks Solutions, Inc. (NASDAQ:SWKS) has expanded its design win pipeline in automotive with cellular connectivity and power management solutions. For the March quarter, the company projects revenue in the range of $935 million – $965 million, with non-GAAP diluted EPS of $1.20 at the mid-point of the revenue range. In broad markets, Skyworks Solutions, Inc. (NASDAQ:SWKS) anticipates additional sequential and YoY growth.

Overall, with the growth of the broader semiconductor industry due to 5G, automotive, IoT, and AI trends, the company is expected to capitalize on higher demand for RF and connectivity solutions. The expansion of 5G networks is expected to fuel increased demand for advanced RF front-end solutions, aiding Skyworks Solutions, Inc. (NASDAQ:SWKS).