Here are 3 companies under large accumulation this year.
Broadcom Inc. (AVGO) Analysis
First is Broadcom (AVGO) which is a large semiconductor supplier and maker of infrastructure software solutions. The stock is up over 4% in 2023, but more impressive is its 30% climb the last 3 months.
Healthy institutional accumulation has likely helped vault the shares higher, which you can see below. Since November there’ve been 5 unusually large volume inflows (green bars):
Value investors may see the reasonable 12-month forward P/E of 13.8 as attractive. Additionally, a 3.2% dividend yield could be enticing.
One thing is for sure, the shares have been in demand lately.
ASML Holding NV (ASML) Analysis
Next up is ASML Holding NV (ASML) which is a large semiconductor equipment developer: including lithography, metrology, & inspection systems. The stock has jumped 23% in 2023 and over 45% the last 3 months.
Large accumulation in the shares has likely helped the uptrend. Since November there’ve been 7 days where the stock jumped in price alongside outsized volumes. That can mean there’s institutional interest:
The 12-month forward P/E is pegged at 32.4X according to FactSet. The shares pay a modest .8% dividend yield.
This price action suggests investors are expecting growth for the company in 2023.
Aehr Test Systems (AEHR) Analysis
The number 3 semiconductor firm racing higher this year is Aehr Test Systems (AEHR). This smaller-cap company designs and manufacturers test and burn-in products for the semiconductor industry. The market cap is just under $900 million.
The stock has been a major outperformer recently, jumping 72% in 2023. The shares have seen 9 large inflow signals since October:
There’s no question the stock could be extended at these levels. However, this is one of the most in-demand stocks according to MAPsignals research.
Strong sector leadership could mean there’s more upside for the group in 2023.
AVGO, ASML, & AEHR represent 3 of the top performing semiconductor stocks so far in 2023. Healthy institutional accumulation signals make these stocks worthy of extra attention.
To learn more about MAPsignals’ institutional process please visit: www.mapsignals.com
Disclosure: As of the time of this writing, the author holds no positions in AVGO, ASML or AEHR at the time of this writing.
This article was originally posted on FX Empire