Top 5G Stocks To Follow Now – July 19th

Super Micro Computer, QUALCOMM, Cisco Systems, Cadence Design Systems, Fortinet, ON Semiconductor, and Monolithic Power Systems are the seven 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks are shares of companies involved in the rollout and support of fifth-generation wireless networks, including network equipment vendors, semiconductor makers, telecom operators, and device manufacturers. Investors buy them to gain exposure to the faster data speeds, lower latency, and expanded connectivity that 5G technology promises across applications like the Internet of Things, autonomous vehicles, and smart cities. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

Super Micro Computer (SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

Shares of NASDAQ:SMCI traded down $0.98 on Friday, hitting $51.77. The company’s stock had a trading volume of 31,789,538 shares, compared to its average volume of 68,122,983. The stock’s 50-day moving average is $44.89 and its two-hundred day moving average is $39.25. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $82.19. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

QUALCOMM stock traded up $2.19 during mid-day trading on Friday, hitting $154.80. The company’s stock had a trading volume of 7,429,971 shares, compared to its average volume of 8,482,916. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $196.24. The firm’s 50 day moving average is $153.95 and its 200 day moving average is $154.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. The company has a market cap of $169.97 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26.

Cisco Systems (CSCO)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Shares of CSCO traded down $0.25 during midday trading on Friday, reaching $68.05. 16,138,141 shares of the stock were exchanged, compared to its average volume of 20,295,616. The company has a market cap of $269.48 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 4.09 and a beta of 0.90. Cisco Systems has a 12-month low of $44.50 and a 12-month high of $69.78. The firm has a 50 day simple moving average of $65.84 and a 200-day simple moving average of $62.09. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Shares of CDNS stock traded down $5.29 during trading on Friday, reaching $315.57. The company had a trading volume of 1,390,857 shares, compared to its average volume of 2,021,785. The firm’s 50 day simple moving average is $308.81 and its two-hundred day simple moving average is $287.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 2.90. Cadence Design Systems has a one year low of $221.56 and a one year high of $330.09. The company has a market capitalization of $86.16 billion, a PE ratio of 79.89, a PEG ratio of 4.46 and a beta of 0.99.

Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.

Shares of FTNT stock traded up $0.50 during trading on Friday, reaching $105.42. The company had a trading volume of 3,639,808 shares, compared to its average volume of 4,859,919. The firm’s 50 day simple moving average is $103.30 and its two-hundred day simple moving average is $101.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.29. Fortinet has a one year low of $54.57 and a one year high of $114.82. The company has a market capitalization of $80.69 billion, a PE ratio of 43.38, a PEG ratio of 3.62 and a beta of 1.06.

ON Semiconductor (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

ON traded up $1.31 during midday trading on Friday, reaching $60.72. The company’s stock had a trading volume of 5,751,914 shares, compared to its average volume of 8,354,415. The stock has a market cap of $25.37 billion, a P/E ratio of 42.17, a PEG ratio of 4.90 and a beta of 1.43. The company has a fifty day simple moving average of $50.98 and a 200 day simple moving average of $47.95. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.42. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $80.08.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

MPWR traded up $11.67 during midday trading on Friday, reaching $725.24. The company’s stock had a trading volume of 432,635 shares, compared to its average volume of 803,670. The stock has a market cap of $34.72 billion, a P/E ratio of 19.25, a PEG ratio of 2.83 and a beta of 1.20. The company has a fifty day simple moving average of $710.15 and a 200 day simple moving average of $641.90. Monolithic Power Systems has a twelve month low of $438.86 and a twelve month high of $959.64.