11 Most Oversold Semiconductor Stocks to Buy Now

In this piece, we will discuss the 11 Most Oversold Semiconductor Stocks to Buy Now.

As geopolitical risks tied to the U.S.-Israel war with Iran escalate, pressure remains visible among semiconductor stocks. Growing concerns about supply chain vulnerabilities and demand uncertainty have triggered a broad sell-off across the industry, pushing semiconductor stocks into oversold territory.

According to a CNBC report, the Middle East plays a critical role in the semiconductor supply chain, known for supplying key materials such as helium and bromine. For instance, Qatar single-handedly accounts for over a third of global helium supply. Thus, a prolonged disruption could potentially impact chip manufacturing operations, with over 25% of the supply at risk if the Strait of Hormuz remains closed.

Investor fears were further intensified when a recent drone attack on QatarEnergy’s Ras Laffan Industrial City occurred, triggering the possibility of a two-to-three-month production halt. Furthermore, the event poses an additional risk of a longer normalization period for supply chains.

Meanwhile, these are not the only worrisome factors.

With Brent Crude surging over $100 per barrel, rising energy prices are making the situation even worse. Heightened power costs jeopardize demand for semiconductors tied to energy-intensive AI data centers. As a result, infrastructure investments may slow down.

The CNBC report also mentions that the conflict’s impact has been massive so far. Over $200 billion in the combined market value of memory chipmakers, such as Samsung and SK Hynix, has been wiped out since the start of the war.

As the industry experiences a broader sell-off, our list of the most oversold semiconductor stocks may prove valuable to investors looking for compelling opportunities in the sector.

Methodology

To identify relevant stocks for our list of most oversold semiconductor stocks to buy now, we screened U.S.-listed semiconductor companies with a Relative Strength Index (RSI) below 30. Next, we identified stocks with at least 30% upside potential as of March 13, 2026. Finally, we selected the top stocks by upside and ranked them in ascending order of potential upside. These stocks were trading at least 20% below their 52-week high.

Note: Data extracted as of market close on March 13, 2026.

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11. ON Semiconductor Corporation (NASDAQ:ON)

ON Semiconductor Corporation (NASDAQ:ON) is included in our list of the 11 most oversold semiconductor stocks to buy now.

As of March 13, 2026, analysts remain largely mixed on ON Semiconductor Corporation. Despite recent cautious analyst commentary, the consensus price target of $70 implies nearly 20% upside.

The sentiment stands firm as ON Semiconductor Corporation’s management announced a leadership transition on March 11, 2026. While the Group President of the Power Solutions Group, Simon Keeton, resigned from all officer roles, he will remain in service to the company until June 30 to facilitate the transition.

Amid this development, analysts at UBS issued an industry outlook (March 8, 2026) that strengthens the company’s demand narrative.

The firm’s analysts projected an increased demand for analog and power semiconductors amid rising power demands tied to the rapid expansion of AI data centers. Furthermore, the analysts emphasized that power requirements per rack will increase sharply. As a result, the firm projects heightened demand signals for advanced power management systems and new architectures, including 800-volt DC infrastructure. The firm cited the growing footprint of ON Semiconductor Corporation in AI data center power systems, which should allow the company to benefit from the robust outlook.

ON Semiconductor Corporation, founded in 1999 and headquartered in Scottsdale, Arizona, delivers intelligent power and sensing solutions, serving automotive and industrial markets.

10. Amkor Technology, Inc. (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) is included in our list of the 11 most oversold semiconductor stocks to buy now.

While analyst sentiment on Amkor Technology, Inc. remains mixed as of March 13, 2026, the company’s share price has performed strongly over the last year, in line with the semiconductor equipment and materials industry’s performance. The stock has returned over 125% over the last year. Meanwhile, approximately 60% of covering analysts remain cautious on the stock, yet the $55 consensus price target implies nearly 28% upside potential.

Amkor Technology, Inc. announced a quarterly cash dividend of $0.08352 per share on February 19, 2026. The dividend will be payable on March 31, 2026, to shareholders of record as of March 12, 2026.

After reporting its fourth-quarter results in early February, Amkor Technology, Inc. received Wall Street attention. With most performance metrics exceeding analyst estimates, the stock received price target increases from several investment firms, including Morgan Stanley ($28 to $45), Needham ($50 to $65), and Goldman Sachs ($38 to $43).

Analyst confidence received the biggest boost from management’s strong guidance, where it guided FY26 capital expenditures of $2.5 billion to $3 billion, which is the highest ever in the company’s history. Management’s expectations indicate confidence in Amkor Technology, Inc.’s long-term growth in advanced semiconductor packaging.

Meanwhile, analysts’ other key areas of focus included Amkor Technology, Inc.’s progress in AI data center packaging, spending tied to chip-on-wafer-on-substrate technology, operational improvement, and developments at its Vietnam and Arizona facilities.

Amkor Technology, Inc. is known for its outsourced semiconductor packaging and testing services, which include design, wafer bumping, and package characterization.

9. Entegris, Inc. (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) is one of the 11 most oversold semiconductor stocks to buy now.

Analysts remain constructive on Entegris, Inc. as of March 13, 2026. Over 60% of covering analysts are bullish on the stock, with a $149.00 price target implying over 37% upside potential.

With this sentiment, Entegris, Inc.’s share price reached its 52-week high on February 26, 2026. Shares have recorded a roughly 30% return in 2026 so far, with the stock closing at $108.28 on March 13, 2026.

Thus, overall sentiment remains strong as demand for semiconductors rises, driven by AI and advanced chip manufacturing.

Entegris, Inc. drew Wall Street attention after it reported fourth-quarter results, which exceeded analyst expectations. While analysts at Goldman Sachs agree that strong quarterly performance will drive short-term share price gains, they still await a period of sustained cyclical recovery in semiconductor capital spending and more consistent operational execution. Accordingly, the firm is yet to turn constructive on the stock.

In contrast, analysts at BMO Capital hold a bullish view on the stock as of early February, saying that Entegris, Inc.’s operating leverage, capacity utilization, and debt load will improve in 2026 amid stronger industry capital spending and multiple technology node transitions. The firm also cited the company’s stronger-than-expected fourth-quarter performance and first-quarter guidance.

Entegris, Inc., founded in 1966, focuses on the development of specialty materials, filtration, and handling solutions for semiconductor manufacturing and high-tech industries.

8. Synaptics Incorporated (NASDAQ:SYNA)

Synaptics Incorporated (NASDAQ:SYNA) is included in our list of the 11 most oversold semiconductor stocks to buy now.

On March 10, 2026, Synaptics Incorporated accelerated its push into edge artificial intelligence by launching the Astra SR80 and SRW1500 series AI-native microcontrollers. Marking a key expansion of the company’s Edge AI portfolio, the SR80 series will enable always-on intelligence with multimodal sensing and dedicated NPU/DSP acceleration for devices such as headsets, soundbars, and augmented reality systems.

The series is designed for advanced audio and voice applications, while delivering immersive sound experiences with strong power efficiency and built-in privacy features.

With the SR80 series, Synaptics Incorporated aims to accelerate product development, leveraging built-in support for advanced algorithms such as AI-based noise reduction and developer-friendly audio tuning tools. The integrated architecture of these microcontroller units (MCUs) includes an Arm Cortex-M33 core, audio CODEC, USB and SDIO connectivity, and dedicated NPU and DSP acceleration. As a result, they enable responsive voice-first interactions and on-device personalization.

With the Astra SRW1500 series, Synaptics Incorporated combines AI-native compute with integrated Wi-Fi 7 connectivity, enabling efficient on-device inferencing, sensor fusion, and secure connectivity for intelligent IoT networks. The series is powered by an Arm Cortex-M52 processor and an Arm U55 NPU.

Synaptics Incorporated develops semiconductor solutions that enable human-device interaction across mobile, computing, and entertainment electronics.

7. NXP Semiconductors N.V. (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ:NXPI) is one of the 11 most oversold semiconductor stocks to buy now.

On March 12, 2026, NXP Semiconductors N.V. announced an interim dividend of $1.014 per ordinary share for the first quarter of 2026. The dividend is payable on April 9, 2026, to shareholders of record as of March 25, 2026. This drove positive analyst confidence, which also stemmed from management’s expectations that NXP Semiconductors would generate long-term growth and strong cash flow.

Ahead of this development, analysts have been confident in the company’s growth trajectory, citing its fourth-quarter beat-and-raise results. The bullish analyst sentiment reflects NXP Semiconductors N.V.’s above-consensus Q4 results and strong Q1 guidance. In particular, stronger revenue from the Mobile and Communication Infrastructure segments bolstered analyst optimism.

Analysts highlighted that the semiconductor cycle is improving. Yet they believe the company’s long-term growth narrative remains to be proven.

As of March 13, 2026, approximately 90% of analysts remain bullish on NXP Semiconductors N.V.. The consensus price target of $260 implies over 30% upside.

NXP Semiconductors N.V. engages in the provision of semiconductor solutions. The company offers microcontrollers, processors, wireless connectivity solutions, RF devices, security controllers, and sensors, which support automotive, industrial IoT, mobile devices, and communication infrastructure applications across global markets.

6. SiTime Corporation (NASDAQ:SITM)

SiTime Corporation (NASDAQ:SITM) is included in our list of the 11 most oversold semiconductor stocks to buy now.

SiTime Corporation retains the confidence of over 80% of covering analysts as of March 12, 2026, with a $450 consensus price target implying over 30% upside.

Favorable analyst sentiment coincides with management’s bullish outlook.

At the Morgan Stanley Technology, Media & Telecom Conference 2026 on March 4, 2026, management emphasized that SiTime Corporation is transitioning toward higher-value markets and continuing to expand in precision timing solutions. They highlighted that a shift away from consumer mobile is occurring, and artificial intelligence and cloud infrastructure are boosting demand. Against this backdrop, the company’s communications, enterprise, and data center segments now contribute more than half of revenue.

Meanwhile, management remains confident in the company’s future growth following the acquisition of Renesas Electronics’ timing division. With that move, SiTime Corporation now expects to see margin expansion and hit the 65% gross margin target. In the longer run, management expects to see revenue growth of 25% to 30%, which will be supported by an increasing timing chip density in modern electronics and rising average selling prices.

At the same time, SiTime Corporation’s management says new opportunities in autonomous vehicles, robotics, and aerospace and defense are opening up for the company.

However, management added that risks from geopolitical tensions and supply chain disruptions remain.

SiTime Corporation focuses on developing micro-electromechanical system-based silicon timing solutions that replace legacy quartz devices.

5. Allegro MicroSystems, Inc. (NASDAQ:ALGM)

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the 11 most oversold semiconductor stocks to buy now.

As of March 13, 2026, analyst sentiment on Allegro MicroSystems, Inc. remains robust, as over 90% of covering analysts remain bullish on the stock. The consensus price target of $45 implies approximately 45% upside.

Following the company’s analyst day in Boston, Allegro MicroSystems, Inc. drew attention from analysts at BofA on February 19, 2026. Analyst confidence stemmed from management’s attractive three-to-five-year model, which featured mid-teens sales growth, 55% gross margins, and roughly $2 in long-term EPS. The firm raised its price target from $42 to $45 and maintains a “Buy” rating on the stock.

Meanwhile, as semiconductor demand is recovering and long-term trends are steadily boosting chip demand, analysts at Morgan Stanley are growing more confident in the company’s outlook. The firm says semiconductor demand is particularly heavy in both electric and internal combustion vehicles. Furthermore, recovering auto and industrial demand is further bolstering the need for the company’s chips. Accordingly, the firm expects outperformance and margin expansion in 2026 and 2027, reinforcing its bullish outlook on the stock.

Allegro MicroSystems, Inc. focuses on the development of sensor and analog power ICs, which measure motion, speed, position, and current. The company also develops motor drivers and power management chips.

4. Microchip Technology Incorporated (NASDAQ:MCHP)

Microchip Technology Incorporated (NASDAQ:MCHP) is one of the 11 most oversold semiconductor stocks to buy now.

Amid the expansion of its security-focused solutions, Microchip Technology Incorporated announced the expansion of its Trust platform on March 10, 2026.

The update includes the TA101 TrustFLEX secure authentication IC and the TA101 TrustMANAGER platform, integrating hardware-based authentication alongside scalable cryptographic key management and firmware-over-the-air update capabilities. The solutions will serve industrial and automotive systems addressing emerging cybersecurity requirements, which include compliance with the EU Cyber Resilience Act and automotive cybersecurity standards.

The Trust platform provides flexible deployment models targeted at manufacturers building connected products and software-defined vehicle architectures. Factory-preconfigured for common security use cases, TrustFLEX devices work alongside TrustMANAGER, which integrates with the keySTREAM platform from Kudelski Labs to facilitate cloud-based cryptographic key lifecycle management and secure firmware updates. According to Microchip Technology Incorporated, the platform creates a hardware-rooted chain of trust from production to deployment, enabling developers to simplify the implementation process while ensuring adherence across industrial and automotive markets.

Microchip Technology Incorporated develops semiconductor products, including microcontrollers, analog and connectivity devices, and timing solutions. The company also generates licensing income from its SuperFlash embedded flash and Smartbits technologies segments.

3. CEVA, Inc. (NASDAQ:CEVA)

CEVA, Inc. (NASDAQ:CEVA) is included in our list of the 11 most oversold semiconductor stocks to buy now.

Amid its connectivity portfolio advancements, on March 10, 2026, CEVA, Inc. introduced its Ceva-Waves UWB IP, describing it as the industry’s first IEEE 802.15ab-compliant Ultra-Wideband intellectual property solution. The technology delivers up to 30x stronger ranging capabilities and data rates that are 4x faster than prior versions.

The solution utilizes multi-millisecond ranging techniques that fuse UWB-based and narrowband-assisted architectures, while retaining backward compatibility with IEEE 802.15.4z deployments and including support for enhanced sensing and data communications features introduced with the IEEE 802.15.4ab standard.

While discussing the growing industry demand for ultra-wideband technology, the company cited data from ABI Research, which indicates that UWB shipments surpassed 563 million units in 2025 and are expected to exceed 1.4 billion units annually by 2030. In the early phases, Ceva Inc. is working with LitePoint to design test and measurement solutions for the IEEE 802.15.4ab standard. With this, CEVA, Inc. aims to ensure interoperability and speed up time-to-market for device manufacturers. The technology supports applications in secure access, positioning, radar sensing, and data communications across consumer, automotive, and industrial systems.

CEVA, Inc. delivers silicon and software IP that facilitates smart edge devices to connect, sense, and process data. Established in 1999, the company is based in Rockville, Maryland.

2. Ambarella, Inc. (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA) is one of the 11 most oversold semiconductor stocks to buy now.

As Ambarella, Inc. advances its edge artificial intelligence strategy, the company mapped out plans to expand its Edge AI business on March 11, 2026, in remarks delivered at the Cantor Fitzgerald Global Technology and Industrial Growth Conference.

The company highlighted the swift growth of its AI-driven semiconductor platform, with 80% of its revenue now derived from Edge AI solutions, a segment that grew 50% last year. It has shipped 42 million Edge AI processors and supports 370 AI customer projects in production.

Ambarella, Inc. is also introducing indirect sales channels to target smaller customers and advancing a semi-custom chip initiative, including a two-nanometer design projected to begin generating revenue in early fiscal 2028, to expand its reach.

The development comes as the company’s recent financial performance mirrors similar AI-driven momentum.

On February 26, 2026, Ambarella, Inc. reported record fiscal 2026 revenue of $390.70 million, up 37.20% year-over-year, with fourth-quarter revenue totaling $100.90 million, reflecting a 20.10% increase from the same period last year.

Ambarella, Inc. develops low-power system-on-a-chip, or SoC, semiconductors and software for edge artificial intelligence, or AI, applications.

1. indie Semiconductor, Inc. (NASDAQ:INDI)

indie Semiconductor, Inc. (NASDAQ:INDI) is included in our list of the 11 most oversold semiconductor stocks to buy now.

Positive analyst sentiment continues to surround indie Semiconductor, Inc.’s stock, as 86% of analysts maintain bullish ratings on the stock as of March 13, 2026. The consensus price target of $6.00 implies 141.94% upside potential.

On March 4, 2026, indie Semiconductor, Inc. announced the pricing of $150 million of 4.00% convertible senior notes due 2031 via a private offering to qualified institutional buyers.

indie Semiconductor, Inc. granted initial purchasers a 13-day option to purchase up to an additional $25.0 million in notes, with net proceeds estimated at approximately $145.1 million, rising to $169.4 million, in the event that the option is fully exercised.

It plans to use $107.8 million of the proceeds to repurchase $104 million of principal of its 4.50% convertible senior notes due 2027. Meanwhile, the remaining proceeds will be used for working capital and general corporate purposes, including potential acquisitions.

indie Semiconductor, Inc. develops automotive and software solutions for ADAS, driver automation, electrification, and in-cabin user experience, while expanding its portfolio of edge sensors, consisting of lidar, radar, ultrasound, and computer vision.

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