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Company liquidity is an important consideration because sources of liquidity such as cash and securities not only allow a company to continue operations in the short term, but it also finances investments for longer-term growth.

We ran a screen on the semiconductor industry for stocks seeing increases in liquidity, measured by the current ratio (current assets/current liabilities), over the past four years.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

‪(Access iframes here)‬

We also created a price-weighted index of the stocks mentioned below and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these companies are in a strong operational position? Use this list as a starting point for your own analysis.

List sorted by market cap.

1. Marvell Technology Group Ltd. (NASDAQ:MRVL): Designs, develops and markets analog, mixed-signal, digital signal processing and embedded and standalone ARM-based microprocessor integrated circuits. Market cap of $8.11B. Current Ratio increased from 2.58 to 3.81 during the first time interval (12 months ending 2009-01-31 vs. 12 months ending 2008-02-02). For the second time interval, the Current Ratio increased from 3.81 to 4.47 (12 months ending 2010-01-30 vs. 12 months ending 2009-01-31). And for the final time interval, the Current Ratio increased from 4.47 to 5.79 (12 months ending 2011-01-29 vs. 12 months ending 2010-01-30). The stock has lost 27.11% over the last year.

2. Atmel Corporation (NASDAQ:ATML): Designs, develops, manufactures and markets a range of semiconductor integrated circuit (IC) products. Market cap of $3.76B. Current Ratio increased from 1.75 to 2.07 during the first time interval (12 months ending 2008-12-31 vs. 12 months ending 2007-12-31). For the second time interval, the Current Ratio increased from 2.07 to 2.49 (12 months ending 2009-12-31 vs. 12 months ending 2008-12-31). And for the final time interval, the Current Ratio increased from 2.49 to 2.59 (12 months ending 2010-12-31 vs. 12 months ending 2009-12-31). The stock has performed poorly over the last month, losing 10.87%.

3. Cypress Semiconductor Corporation (NASDAQ:CY): Operates as a semiconductor company in the United States and internationally. Market cap of $2.58B. Current Ratio increased from 1.38 to 1.91 during the first time interval (12 months ending 2008-12-28 vs. 12 months ending 2007-12-30). For the second time interval, the Current Ratio increased from 1.91 to 2.17 (12 months ending 2010-01-03 vs. 12 months ending 2008-12-28). And for the final time interval, the Current Ratio increased from 2.17 to 2.23 (12 months ending 2011-01-02 vs. 12 months ending 2010-01-03). The stock has performed poorly over the last month, losing 11.15%.

4. OSI Systems, Inc. (NASDAQ:OSIS): Designs, manufactures and sells specialized electronic systems and components for applications in homeland security, healthcare, defense and aerospace markets worldwide. Market cap of $949.09M. Current Ratio increased from 2.21 to 2.38 during the first time interval (12 months ending 2009-06-30 vs. 12 months ending 2008-06-30). For the second time interval, the Current Ratio increased from 2.38 to 2.42 (12 months ending 2010-06-30 vs. 12 months ending 2009-06-30). And for the final time interval, the Current Ratio increased from 2.42 to 2.52 (12 months ending 2011-06-30 vs. 12 months ending 2010-06-30). The stock has had a couple of great days, gaining 7.14% over the last week.

5. Supertex Inc. (NASDAQ:SUPX): Designs, develops, manufactures and markets high voltage analog and mixed signal integrated circuits (ICs) primarily in Asia, the United States and Europe. Market cap of $230.59M. Current Ratio increased from 3.16 to 5.32 during the first time interval (52 weeks ending 2009-03-28 vs. 52 weeks ending 2008-03-29). For the second time interval, the Current Ratio increased from 5.32 to 6.28 (52 weeks ending 2010-04-03 vs. 52 weeks ending 2009-03-28). And for the final time interval, the Current Ratio increased from 6.28 to 7.99 (52 weeks ending 2011-04-02 vs. 52 weeks ending 2010-04-03). The stock has lost 19.53% over the last year.

6. MIPS Technologies Inc. (NASDAQ:MIPS): Provides industry-standard processor architectures and cores that power various home entertainment, communications, networking and portable multimedia products. Market cap of $213.80M. Current Ratio increased from 0.65 to 2.72 during the first time interval (12 months ending 2009-06-30 vs. 12 months ending 2008-06-30). For the second time interval, the Current Ratio increased from 2.72 to 3.25 (12 months ending 2010-06-30 vs. 12 months ending 2009-06-30). And for the final time interval, the Current Ratio increased from 3.25 to 9.78 (12 months ending 2011-06-30 vs. 12 months ending 2010-06-30). It has been a rough couple of days for the stock, losing 5.16% over the last week.

7. FSI International Inc. (NASDAQ:FSII): Designs, manufactures, markets and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. Market cap of $116.58M. Current Ratio increased from 3.13 to 3.34 during the first time interval (12 months ending 2009-08-29 vs. 12 months ending 2008-08-30). For the second time interval, the Current Ratio increased from 3.34 to 4.37 (12 months ending 2010-08-28 vs. 12 months ending 2009-08-29). And for the final time interval, the Current Ratio increased from 4.37 to 4.46 (12 months ending 2011-08-27 vs. 12 months ending 2010-08-28). This is a risky stock that is significantly more volatile than the overall market (beta = 2.44). The stock is a short squeeze candidate, with a short float at 8.42% (equivalent to 7.53 days of average volume). The stock has had a good month, gaining 14.94%.

8. QuickLogic Corporation (NASDAQ:QUIK): Develops and markets low power customizable semiconductor solutions for tablets, smartbooks, netbooks, cloudbooks, smartphones, datacards and mobile enterprise products. Market cap of $105.49M. Current Ratio increased from 3.26 to 3.65 during the first time interval (12 months ending 2008-12-28 vs. 12 months ending 2007-12-30). For the second time interval, the Current Ratio increased from 3.65 to 3.98 (12 months ending 2010-01-03 vs. 12 months ending 2008-12-28). And for the final time interval, the Current Ratio increased from 3.98 to 7.43 (12 months ending 2011-01-02 vs. 12 months ending 2010-01-03). The stock is a short squeeze candidate, with a short float at 7.56% (equivalent to 13.58 days of average volume). The stock has lost 57.59% over the last year.

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 8 Semiconductor Stocks With Consistently Rising Liquidity