3 Top Semiconductor Stocks to Buy After Q1 2021 Earnings

The fact that semiconductors are crucial to global manufacturing has gotten a lot more attention this year. Side effects from the U.S.-China trade war and the coronavirus pandemic contributed to a global shortage of chips, which has chipmakers and their customers scrambling lately to meet demand. It's a good time to be a semiconductor investor.

The growing need for chips in progressive vehicle safety and autonomy, 5G mobile networks, data centers, and cloud computing services is on everyone's mind and it's showing no signs of slowing anytime soon. It's also showing up in discussions about recent earnings reports.

To that end, NXP Semiconductors (NASDAQ: NXPI), Skyworks Solutions (NASDAQ: SWKS), and Advanced Micro Devices (NASDAQ: AMD) look even more like solid long-term buys after recently releasing their first quarter 2021 earnings. Here's why these three semiconductor stocks are a buy.

Source Fool.com