With the Labor Day holiday over, and investors looking for ideas in a sky-high market, one area that looks to continue its success is technology. While investors breathlessly await the huge upcoming Apple presentation this month, now may be just the right time to consider adding some new stocks to portfolios for the final third of the year.

In a new report, the chip analysts at Jefferies recap data acquired when the company recently hosted corporate management from 35 semiconductor and communications hardware companies at the firm’s annual Chicago Investor Summit. They came away very positive on four top stocks to buy and raised price targets on three of them.

Analog Devices Inc. (NASDAQ: ADI) is a top stock to buy at Jefferies, and it is still well below the highs for the year printed in early June. The Jefferies team is very positive on the prospects for growth in communications driven by wireless base stations and TD deployments in China. They also see recovery in the industrial sector and growth in the automobile markets over the next year. Investors are treated to a very competitive 3% dividend. Jefferies slightly lowers its price target on the stock to $58. The Thomson/First Call consensus target is $57.08. The stock closed last Friday at $51.12 a share.

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Cavium Inc. (NASDAQ: CAVM) generates close to 18% of its revenue from its association with Cisco Systems, with security and multi-core embedded processors. The Jefferies team sees the company well positioned with multi-core processor portfolio and design wins in enterprise and service provider markets. Jefferies raises the price target to $64, while the consensus figure is set well below that at $52.74. Shares closed on Friday at $56.18.

Micron Technology Inc. (NASDAQ: MU) has absolutely been on fire for the past year. It is a leader in DRAM chip sales and one of the top Wall Street memory picks. With the bar set very high, the stock again delivered numbers that Wall Street applauded for the second quarter. The Jefferies analysts believe Micron’s breadth of offerings, combined with its system level expertise in computers, servers and mobile, represents a significant strategic advantage over less diversified competitors such as SanDisk. Jefferies bumps the price target on the stock to $40, and the consensus target is lower at $38.32. Micron closed trading Friday at $32.60.

M/A-Com Technology Solutions Holdings Inc. (NASDAQ: MTSI) is a stock that many investors may not be as familiar with, but it could have very solid upside. The Jefferies analysts applaud the company’s focus on research and development and increased design wins in higher margin business segments. They also cite benefits from product cycles in wireless infrastructure, power transistors and even the slowing wireline business for long-haul and data centers. Jefferies raises its price target to $27, and the consensus target is $24.29. The stock closed Friday up almost 4% to $23.68.

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These Jefferies stocks to buy represent substantially more upside potential than many current technology stocks. While many on Wall Street are giddy at new stock market highs, our readers may want to scale some capital in now and see if a fall sell-off doesn’t offer even better entry points.

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