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Best Semiconductor Equipment Stocks to Buy Now (2024)
Top semiconductor equipment stocks in 2024 ranked by overall Zen Score. See the best semiconductor equipment stocks to buy now, according to analyst forecasts for the semiconductor equipment & materials industry.

Industry: Semiconductor Equipment &...
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ACLS
AXCELIS TECHNOLOGIES INC
$3.36B$103.06$165.0060.10%Strong Buy1-0.69%N/AN/AN/A
TER
TERADYNE INC
$17.47B$114.13$113.25-0.77%Buy129.36%90.95%N/AN/A
ACMR
ACM RESEARCH INC
$1.65B$27.04$32.0018.34%Strong Buy522.26%N/AN/AN/A
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.65B$47.02$58.0023.35%Buy22.92%559.34%N/AN/A
PLAB
PHOTRONICS INC
$1.79B$28.28N/AN/AN/AN/AN/AN/AN/AN/A
AEHR
AEHR TEST SYSTEMS
$331.65M$11.47$12.004.62%Hold1-9.58%N/AN/AN/A
AMAT
APPLIED MATERIALS INC
$168.99B$203.38$212.714.59%Buy174.85%-6.02%N/AN/A
NVMI
NOVA LTD
$5.06B$174.34$198.5013.86%Strong Buy213.88%N/AN/AN/A
LRCX
LAM RESEARCH CORP
$121.32B$925.37$962.774.04%Buy179.18%33.12%N/AN/A
ASML
ASML HOLDING NV
$361.52B$918.97$1.04k12.73%Strong Buy516.47%26.97%N/AN/A
INTT
INTEST CORP
$142.08M$11.68N/AN/AN/AN/AN/AN/AN/AN/A
KLAC
KLA CORP
$95.09B$706.26$722.822.35%Buy175.77%13.76%N/AN/A
IPGP
IPG PHOTONICS CORP
$4.08B$88.40$104.6718.40%Hold32.91%N/AN/AN/A
CAMT
CAMTEK LTD
$3.69B$82.16$91.2511.06%Strong Buy424.34%N/AN/AN/A
ONTO
ONTO INNOVATION INC
$9.32B$189.77$208.7510.00%Strong Buy411.77%N/AN/AN/A
ENTG
ENTEGRIS INC
$19.94B$132.60$146.8810.77%Buy8-2.69%379.34%N/AN/A
TRT
TRIO-TECH INTERNATIONAL
$27.73M$6.65N/AN/AN/AN/AN/AN/AN/AN/A
DQ
DAQO NEW ENERGY CORP
$1.86B$23.74$25.005.31%Sell113.74%N/AN/AN/A
AMKR
AMKOR TECHNOLOGY INC
$7.53B$30.62$34.8013.65%Buy54.64%N/AN/AN/A
INDI
INDIE SEMICONDUCTOR INC
$1.03B$5.60$10.0078.57%Strong Buy139.38%N/AN/AN/A
AMBA
AMBARELLA INC
$1.77B$43.09$73.8371.35%Buy625.37%N/AN/AN/A
AXTI
AXT INC
$131.42M$2.97$5.3880.98%Strong Buy425.35%N/AN/AN/A
ATOM
ATOMERA INC
$118.46M$4.45N/AN/AN/AN/AN/AN/AN/AN/A
TGAN
TRANSPHORM INC
$307.47M$4.86N/AN/AN/AN/A72.33%N/AN/AN/A
COHU
COHU INC
$1.46B$31.08$39.0025.48%Buy2-25.83%N/AN/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$1.87B$41.96$60.0042.99%Buy17.62%N/AN/AN/A
VECO
VEECO INSTRUMENTS INC
$1.98B$35.16$37.757.37%Buy48.41%N/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$69.82M$4.92N/AN/AN/AN/A-10.01%N/AN/AN/A
ICHR
ICHOR HOLDINGS LTD
$1.16B$39.35$46.4017.92%Strong Buy53.92%N/AN/AN/A
1

Semiconductor Equipment Stocks FAQ

What are the best semiconductor equipment stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best semiconductor material stocks to buy right now are:

1. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the top semiconductor equipment stock with a Zen Score of 63, which is 25 points higher than the semiconductor equipment industry average of 38. It passed 20 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock lose -12.67% over the past year, underperforming other semiconductor equipment stocks by -71 percentage points.

Axcelis Technologies has an average 1 year price target of $165.00, an upside of 60.1% from Axcelis Technologies's current stock price of $103.06.

Axcelis Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Axcelis Technologies, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Teradyne (NASDAQ:TER)


Teradyne (NASDAQ:TER) is the second best semiconductor equipment stock with a Zen Score of 57, which is 19 points higher than the semiconductor equipment industry average of 38. It passed 20 out of 38 due diligence checks and has strong fundamentals. Teradyne has seen its stock return 22.29% over the past year, underperforming other semiconductor equipment stocks by -36 percentage points.

Teradyne has an average 1 year price target of $113.25, a downside of -0.77% from Teradyne's current stock price of $114.13.

Teradyne stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Teradyne, 25% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 8.33% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Acm Research (NASDAQ:ACMR)


Acm Research (NASDAQ:ACMR) is the third best semiconductor equipment stock with a Zen Score of 55, which is 17 points higher than the semiconductor equipment industry average of 38. It passed 18 out of 33 due diligence checks and has strong fundamentals. Acm Research has seen its stock return 182.85% over the past year, overperforming other semiconductor equipment stocks by 124 percentage points.

Acm Research has an average 1 year price target of $32.00, an upside of 18.34% from Acm Research's current stock price of $27.04.

Acm Research stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Acm Research, 60% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the semiconductor equipment stocks with highest dividends?

Out of 9 semiconductor equipment stocks that have issued dividends in the past year, the 3 semiconductor equipment stocks with the highest dividend yields are:

1. Kulicke & Soffa Industries (NASDAQ:KLIC)


Kulicke & Soffa Industries (NASDAQ:KLIC) has an annual dividend yield of 1.66%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.9%. Kulicke & Soffa Industries's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Kulicke & Soffa Industries's dividend has shown consistent growth over the last 10 years.

Kulicke & Soffa Industries's dividend payout ratio of 84.6% indicates that its dividend yield is sustainable for the long-term.

2. Camtek (NASDAQ:CAMT)


Camtek (NASDAQ:CAMT) has an annual dividend yield of 1.62%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.9%. Camtek's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Camtek's dividend has shown consistent growth over the last 10 years.

Camtek's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

3. Amkor Technology (NASDAQ:AMKR)


Amkor Technology (NASDAQ:AMKR) has an annual dividend yield of 1%, which is the same as the semiconductor equipment industry average of 0.9%.

Amkor Technology's dividend payout ratio of 20.8% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks up?

Semiconductor equipment stocks were up 2.84% in the last day, and up 8.44% over the last week. Kla was the among the top gainers in the semiconductor equipment & materials industry, gaining 4.95% yesterday.

KLA Corporation shares are trading higher after the company reported better-than-expected Q3 financial results and issued guidance.

What are the most undervalued semiconductor equipment stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued semiconductor equipment stocks right now are:

1. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Axcelis Technologies has a valuation score of 100, which is 67 points higher than the semiconductor equipment industry average of 33. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.67% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -71 percentage points.

2. Photronics (NASDAQ:PLAB)


Photronics (NASDAQ:PLAB) is the second most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Photronics has a valuation score of 71, which is 38 points higher than the semiconductor equipment industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Photronics's stock has gained 99.44% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 41 percentage points.

3. Teradyne (NASDAQ:TER)


Teradyne (NASDAQ:TER) is the third most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Teradyne has a valuation score of 71, which is 38 points higher than the semiconductor equipment industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Teradyne's stock has gained 22.29% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -36 percentage points.

Are semiconductor equipment stocks a good buy now?

47.83% of semiconductor equipment stocks rated by analysts are a buy right now. On average, analysts expect semiconductor equipment stocks to rise by 10.54% over the next year.

What is the average p/e ratio of the semiconductor equipment & materials industry?

The average P/E ratio of the semiconductor equipment & materials industry is 39.68x.
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