[May 15, 2013] International Rectifier has the Highest Forward P/E Ratio in the Semiconductors Industry (IRF, SUPX, PSEM, CREE, CSIQ) Tweet May 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Semiconductors industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.International Rectifier ranks highest with a a forward P/E ratio of 67.59. Following is Supertex with a a forward P/E ratio of 36.92. Pericom Semiconductor ranks third highest with a a forward P/E ratio of 35.59. Cree follows with a a forward P/E ratio of 34.22, and Canadian Solar rounds out the top five with a a forward P/E ratio of 33.50. SmarTrend recommended that subscribers consider buying shares of Canadian Solar on April 9th, 2013 as our technology indicated a new Uptrend was in progress when shares hit $4.01. Since that recommendation, shares of Canadian Solar have risen 81.5%. We continue to monitor Canadian Solar for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]