Politicians at the U.N. climate conference in Scotland dropped the ball by not cracking down harder on fossil fuels, environmentalists say.
One warning, though: The chip sector is up an impressive 17% since I last wrote bullishly on the group in August, as measured by the iShares Semiconductor SOXX, +0.28% exchange traded fund. Here are five chip sector stocks that look like good ESG plays because they check the first box in the “environmental, social and governance” investing theme.“We are interested in semiconductor companies because of the profound energy efficiency from using chips to monitor performance data,” says David Winborne, a portfolio manager at Impax Asset Management.
Texas Instruments is also a favorite of Rotonti at Motley Fool. It’s the largest analog chip maker in the world with 18% market share, he says, selling mainly into the auto and industrial sectors. Texas Instruments has high profit margins, in part, because it is the only analog chip maker using 300-millimeter silicon wafers, which reduces manufacturing costs. The company reported a 22% third-quarter revenue gain on Oct. 26 to $4.
One stock to consider here is ON Semiconductor ON, -0.19%, says Lamar Villere, who manages the Villere Balanced Fund Investor Fund VILLX, -0.71%. ON Semiconductor posted record revenue of $1.74 billion for the second quarter on Nov. 1, a 32% increase. “NXP Semiconductors is running at full capacity,” says Susanto. “They can sell whatever they can produce.”
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