Several semiconductor companies have seen downgrades the past few days, including Intel
What's going on? Analysts cite a stream of bad news about PC and other electronics sales, along with some inventory issues and still-weak IT spending.
With all that worry out there in the sector, Fool analyst Rex Moore says it's time to look for some beaten-down bargains. He developed a screen that looks for companies with low price-to-earnings multiples, but also a relatively low amount of risk and the potential for reasonable growth. That helps avoid "value traps." The screen only picks up companies with total debt less than 60% of capital, and at least 5% expected annualized growth over the next five years.
Using that criteria, the best semiconductor values out there today are Micron Technology
Watch the video here: