The Sell-Off In Semiconductor Stocks Almost Reaches August 2024 Lows
Semiconductors
Semiconductor stocks are being unloaded at such a pace lately that the price of a widely-followed ETF for the group just hit a closing low not seen since September 2024. The VanEck Vectors Semiconductors exchange traded fund may be about to test the August 2024 bottom.
The daily price chart looks like this:
VanEck Vectors Semiconductor ETF daily price chart, 3 29 25.
The larger red-circled area shows Friday's lower-than-September 2024 low and the smaller red-circled area shows where the 50-day moving average crossed below the 200-day moving average in early March, an indication of price weakness.
The ETF holds 26 stocks within the sector, among them are these four:
Microchip Technology
Microchip Technology daily price chart, 3 29 25.
With Friday's -4.11% drop, the stock slips below the early February low and the recent March re-test of that low. The 50-day moving average in August 2024 crossed below the 200-day moving average in a clear sign of price weakness.
The semiconductor company has a market capitalization of $26.19 billion. The price-earnings ratio is a steep 85. The short float is 5.64%, a higher metric than the others listed here. Microchip Technology pays a dividend of 3.76%.
NXP Semiconductors
NXP Semiconductor daily price chart, 3 29 2025.
The Netherlands-based tech stock dropped to a 12-month low with Friday's close of $189.99 – breaking below the early February low (the red-dotted line). The 50-day moving average crossed below the 200-day moving average in late September 2024.
NXP Semiconductor has a market cap of $48.19 billion and the price-earnings ratio is 19.53. The stock is a component of the S&P 500 and of the Nasdaq 100. The company pays a dividend of 2.32%.
Teradyne
Teradyne daily price chart, 3 29 25.
Friday's close is lower than the earlier-in-the-month closes and marks a 52-week price low. In November 2024, the 50-day moving average crossed below the 200-day moving average and has been unable to rise above it again.
The market cap for Teradyne is $13.39 billion. The price-earnings ratio is 24.95. The debt-to-equity ratio of just .03 is very low. In early March, TD Cowen gave the stock a 'buy' rating with a price target of $110.
Universal Display
Universal Display daily price chart, 3 29 25.
The stock has managed to stay above the February lows but Friday's -3.05% drop takes it below the 50-day moving average. That near-term measure in December 2024 slipped below the 200-day moving average, below which it has remained.
Universal Display has a market cap of $6.89 billion and trades with a price-earnings ratio of 31.22. It's relatively lightly traded (for a Nasdaq tech stock) with average daily volume of 721,000. The company pays a 1.25% dividend.
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