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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ACLS
AXCELIS TECHNOLOGIES INC
United States
$3.63B32,532,49890.18%8.16%Net SellingNet Buying
PLAB
PHOTRONICS INC
United States
$1.82B63,353,71486.51%13.49%Net SellingNet Selling
ACMR
ACM RESEARCH INC
United States
$1.65B61,095,01653.27%25.09%Net SellingNet Selling
AEHR
AEHR TEST SYSTEMS
United States
$336.57M28,914,72969.46%15.41%Net SellingNet Buying
LRCX
LAM RESEARCH CORP
United States
$118.78B130,741,00084.88%1.12%Net SellingNet Selling
TER
TERADYNE INC
United States
$18.80B156,111,88598.95%1.05%Net SellingNet Buying
ASML
ASML HOLDING NV
Netherlands
$354.70B393,400,00018.60%0.00%
AMAT
APPLIED MATERIALS INC
United States
$169.58B830,897,35680.24%2.85%Net SellingNet Selling
INTT
INTEST CORP
United States
$137.95M12,164,69853.30%46.70%Net SellingNet Selling
CAMT
CAMTEK LTD
Israel
$3.74B44,901,62239.49%0.00%
KLAC
KLA CORP
United States
$93.79B134,639,95186.87%5.81%Net SellingNet Selling
ENTG
ENTEGRIS INC
United States
$19.87B150,791,47780.61%19.39%Net SellingNet Selling
NVMI
NOVA LTD
Israel
$5.17B29,013,83774.15%7.78%
ONTO
ONTO INNOVATION INC
United States
$9.87B49,130,01874.41%25.59%Net SellingNet Selling
IPGP
IPG PHOTONICS CORP
United States
$3.95B45,568,19728.26%71.74%Net SellingNet Selling
AMKR
AMKOR TECHNOLOGY INC
United States
$7.96B246,170,2516.30%93.70%Net SellingNet Selling
TRT
TRIO-TECH INTERNATIONAL
United States
$26.48M4,169,55515.99%59.72%Net BuyingNet Buying
DQ
DAQO NEW ENERGY CORP
China
$1.24B328,521,7809.95%0.00%
KLIC
KULICKE & SOFFA INDUSTRIES INC
Singapore
$2.61B55,463,68284.32%15.68%Net SellingNet Selling
INDI
INDIE SEMICONDUCTOR INC
United States
$1.09B183,219,26867.72%13.31%Net SellingNet Selling
AMBA
AMBARELLA INC
United States
$1.96B40,962,19169.44%30.56%Net SellingNet Selling
AXTI
AXT INC
United States
$161.95M44,248,24849.52%9.74%
TGAN
TRANSPHORM INC
United States
$308.74M63,266,18046.66%53.34%Net BuyingNet Selling
VECO
VEECO INSTRUMENTS INC
United States
$2.05B56,366,99891.47%8.53%Net SellingNet Selling
UCTT
ULTRA CLEAN HOLDINGS INC
United States
$1.88B44,653,19364.92%35.08%Net SellingNet Selling
ASYS
AMTECH SYSTEMS INC
United States
$68.97M14,190,97743.44%56.08%Net BuyingNet Buying
ATOM
ATOMERA INC
United States
$120.99M26,887,37130.70%7.16%Net SellingNet Selling
ICHR
ICHOR HOLDINGS LTD
United States
$1.13B29,541,31964.52%35.48%Net SellingNet Selling
COHU
COHU INC
United States
$1.39B47,085,87388.69%6.52%Net Selling
1

Semiconductor Equipment Stocks FAQ

What are the best semiconductor equipment stocks to buy right now in May 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 60, which is 24 points higher than the semiconductor equipment industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock lose -9.1% over the past year, underperforming other semiconductor equipment stocks by -62 percentage points.

Axcelis Technologies has an average 1 year price target of $151.67, an upside of 36.09% from Axcelis Technologies's current stock price of $111.45.

Axcelis Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Axcelis Technologies, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Photronics (NASDAQ:PLAB)


Photronics (NASDAQ:PLAB) is the second best semiconductor equipment stock with a Zen Score of 53, which is 17 points higher than the semiconductor equipment industry average of 36. It passed 16 out of 33 due diligence checks and has strong fundamentals. Photronics has seen its stock return 99.17% over the past year, overperforming other semiconductor equipment stocks by 47 percentage points.

3. Acm Research (NASDAQ:ACMR)


Acm Research (NASDAQ:ACMR) is the third best semiconductor equipment stock with a Zen Score of 53, which is 17 points higher than the semiconductor equipment industry average of 36. It passed 17 out of 33 due diligence checks and has strong fundamentals. Acm Research has seen its stock return 195.4% over the past year, overperforming other semiconductor equipment stocks by 143 percentage points.

Acm Research has an average 1 year price target of $32.00, an upside of 18.52% from Acm Research's current stock price of $27.00.

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 0.88%. 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 -65.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Camtek (NASDAQ:CAMT)


Camtek (NASDAQ:CAMT) has an annual dividend yield of 1.6%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.88%. 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 0.95%, which is the same as the semiconductor equipment industry average of 0.88%.

Amkor Technology's dividend payout ratio of 20.3% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks up?

Semiconductor equipment stocks were up 2.76% in the last day, and down -0.33% over the last week. Axt was the among the top gainers in the semiconductor equipment & materials industry, gaining 20.79% yesterday.

AXT shares are trading higher after the company reported better-than-expected Q1 financial results.

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 70 points higher than the semiconductor equipment industry average of 30. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -9.1% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -62 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 41 points higher than the semiconductor equipment industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Photronics's stock has gained 99.17% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 47 percentage points.

3. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the third most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Aehr Test Systems has a valuation score of 71, which is 41 points higher than the semiconductor equipment industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Aehr Test Systems's stock has dropped -55.67% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -108 percentage points.

Are semiconductor equipment stocks a good buy now?

52.17% of semiconductor equipment stocks rated by analysts are a buy right now. On average, analysts expect semiconductor equipment stocks to rise by 10.63% 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 36.7x.
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