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August 11, 2016


VALUATION WATCH: Overvalued stocks now make up 45.84% of our stocks assigned a valuation and 14.86% of those equities are calculated to be overvalued by 20% or more. Six sectors are calculated to be overvalued.

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--ValuEngine: Applied Materials Still Tops NASDAQ

ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.  When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient--an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

We can use our data to track individual stocks, industries, sectors, and indices. For today's bulletin, we present key metrics for the top picks in the NASDAQ 100. The companies listed below represent the top-ten BUY stocks within the index.* They are presented below according to their one-month forecast target prices.

Since our last report in July. we again don't see much turnover here. We only have two new companies in our top-ten list--Facebook and Microchip Tech. They replaced Activision and Citrix. Broadcom moved up into third position and displaced Intel. NetEase, Cisco, and CA Inc all fell in rank. Texas Instruments remains in the last spot, while Applied Materials and LAM Research still have a lock on the top of our NASDAQ list.. As is typically the case with this index, our top-ten is dominated by tech firms.

Ticker
Company Name
Market Price
Valuation
Last 12-M Retrn
1-M Forecast Retn
1-Yr Forecast Retn
P/E Ratio
Sector
7-21-2016 Leaders
AMAT
APPLD MATLS INC
26.41
-3.91%
50.06%
0.97%
11.68%
19.42
Computer and Technology
AMAT
LRCX
LAM RESEARCH
89.11
-0.67%
19.02%
0.87%
10.37%
14.03
Computer and Technology
LRCX
AVGO
BROADCOM LTD
171.85
2.48%
35.02%
0.76%
9.16%
19.16
Computer and Technology
INTC
INTC
INTEL CORP
34.53
4.52%
16.50%
0.72%
8.65%
13.72
Computer and Technology
NTES
NTES
NETEASE INC
199.41
7.43%
33.63%
0.66%
7.86%
19.33
Computer and Technology
AVGO
FB
FACEBOOK INC-A
124.88
-13.14%
32.64%
0.61%
7.36%
51.75
Computer and Technology
CSCO
MCHP
MICROCHIP TECH
60.35
9.82%
35.86%
0.44%
5.24%
23.54
Computer and Technology
CTXS
CSCO
CISCO SYSTEMS
30.85
3.65%
7.90%
0.41%
4.95%
14.55
Computer and Technology
CA
CA
CA INC
34.22
18.56%
16.12%
0.39%
4.74%
15.03
Computer and Technology
ATVI
TXN
TEXAS INSTRS
69.89
12.92%
34.20%
0.39%
4.66%
23.99
Computer and Technology
TXN

NOTE: New stocks are in BOLD, old stocks that have moved up the list are in GREEN, old stocks that have declined in position are in RED, and stocks which have retained their position are in CAPS. There are no STRONG BUY companies in this list, all stocks are rated BUY

Below is today's data on Microchip Technoogy (MCHP):

Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications and industrial markets.

VALUENGINE RECOMMENDATION: ValuEngine continues its BUY recommendation on MICROCHIP TECH for 2016-08-10. Based on the information we have gathered and our resulting research, we feel that MICROCHIP TECH has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Momentum.


You can download a free copy of detailed report on Microchip Technology from the link below.


ValuEngine Forecast
 
Target
Price*
Expected
Return
1-Month
60.61 0.44%
3-Month
61.61 2.09%
6-Month
62.91 4.25%
1-Year
63.51 5.24%
2-Year
66.17 9.64%
3-Year
72.62 20.33%

Valuation & Rankings
Valuation
9.82% overvalued
Valuation Rank(?)
26
1-M Forecast Return
0.44%
1-M Forecast Return Rank
81
12-M Return
35.86%
Momentum Rank(?)
88
Sharpe Ratio
0.52
Sharpe Ratio Rank(?)
83
5-Y Avg Annual Return
10.00%
5-Y Avg Annual Rtn Rank
78
Volatility
19.08%
Volatility Rank(?)
77
Expected EPS Growth
20.81%
EPS Growth Rank(?)
59
Market Cap (billions)
12.13
Size Rank
92
Trailing P/E Ratio
23.54
Trailing P/E Rank(?)
53
Forward P/E Ratio
19.49
Forward P/E Ratio Rank
35
PEG Ratio
1.13
PEG Ratio Rank
39
Price/Sales
5.58
Price/Sales Rank(?)
17
Market/Book
22.80
Market/Book Rank(?)
6
Beta
1.04
Beta Rank
43
Alpha
0.23
Alpha Rank
86

DOWNLOAD A FREE SAMPLE OF OUR MICROCHIP TECHNOLOGY (MCHP) REPORT BY CLICKING HERE


 

 

ValuEngine Market Overview

Summary of VE Stock Universe
Stocks Undervalued
54.16%
Stocks Overvalued
45.84%
Stocks Undervalued by 20%
22.42%
Stocks Overvalued by 20%
14.86%

ValuEngine Sector Overview

Sector
Change
MTD
YTD
Valuation
Last 12-MReturn
P/E Ratio
-0.13%
0.82%
54.06%
12.42% overvalued
60.37%
33.92
-0.25%
1.12%
8.48%
9.46% overvalued
5.50%
20.53
-0.10%
0.14%
9.36%
8.81% overvalued
6.81%
24.13
-0.24%
1.56%
14.89%
5.71% overvalued
4.45%
23.07
-0.46%
-1.84%
11.89%
3.63% overvalued
10.16%
22.33
-0.40%
0.52%
-2.20%
1.07% overvalued
-5.04%
18.98
-0.40%
1.12%
6.23%
0.79% undervalued
0.44%
16.42
-0.55%
0.53%
12.85%
1.34% undervalued
1.96%
29.90
-1.49%
0.18%
14.43%
1.55% undervalued
-13.38%
24.33
-0.07%
0.08%
29.44%
1.90% undervalued
3.50%
21.28
-0.20%
0.44%
7.68%
2.46% undervalued
-3.61%
23.32
-0.21%
-0.66%
13.36%
3.80% undervalued
-5.74%
24.34
-0.53%
-0.72%
10.15%
6.95% undervalued
-21.00%
15.76
-0.20%
-0.13%
1.07%
9.29% undervalued
-5.86%
21.99
-1.27%
-0.92%
0.54%
9.54% undervalued
-18.37%
26.50
-0.63%
2.29%
4.22%
9.91% undervalued
-6.01%
15.94

 

ValuEngine.com is an independent research provider, producing buy/hold/sell recommendations, target price, and valuations on over 7,000 US and Canadian equities every trading day. 
Visit www.ValuEngine.com for more information

 

 
 
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