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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 &...
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
AEHR
AEHR TEST SYSTEMS
$359.46M$12.46$12.00-3.69%Hold1-7.76%N/AN/AN/A
ACLS
AXCELIS TECHNOLOGIES INC
$3.67B$112.47$165.0046.71%Strong Buy1-0.69%N/AN/AN/A
TER
TERADYNE INC
$17.07B$111.54$106.82-4.23%Buy1110.07%90.95%N/AN/A
PLAB
PHOTRONICS INC
$1.82B$28.77N/AN/AN/AN/AN/AN/AN/AN/A
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.79B$49.59$58.0016.96%Buy22.92%559.34%N/AN/A
ACMR
ACM RESEARCH INC
$1.75B$28.70$32.0011.50%Strong Buy522.26%N/AN/AN/A
ASML
ASML HOLDING NV
$383.20B$974.01$1.01k3.39%Strong Buy414.42%20.89%N/AN/A
NVMI
NOVA LTD
$5.21B$179.74$187.004.04%Strong Buy113.88%N/AN/AN/A
AMAT
APPLIED MATERIALS INC
$172.83B$208.00$205.65-1.13%Buy174.86%-6.02%N/AN/A
LRCX
LAM RESEARCH CORP
$126.60B$965.67$871.80-9.72%Buy158.34%33.12%N/AN/A
IPGP
IPG PHOTONICS CORP
$4.18B$90.57$104.6715.56%Hold32.91%N/AN/AN/A
KLAC
KLA CORP
$94.24B$696.87$668.93-4.01%Buy144.89%12.02%N/AN/A
INTT
INTEST CORP
$138.31M$11.37N/AN/AN/AN/AN/AN/AN/AN/A
ENTG
ENTEGRIS INC
$21.20B$140.99$146.884.17%Buy8-2.69%379.34%N/AN/A
ONTO
ONTO INNOVATION INC
$8.87B$180.49$200.0010.81%Strong Buy311.77%N/AN/AN/A
TRT
TRIO-TECH INTERNATIONAL
$26.39M$6.33N/AN/AN/AN/AN/AN/AN/AN/A
AMKR
AMKOR TECHNOLOGY INC
$8.05B$32.73$33.502.35%Buy44.64%N/AN/AN/A
DQ
DAQO NEW ENERGY CORP
$2.09B$26.71$25.00-6.40%Sell113.74%N/AN/AN/A
INDI
INDIE SEMICONDUCTOR INC
$1.24B$6.77$10.0047.71%Strong Buy139.38%N/AN/AN/A
CAMT
CAMTEK LTD
$3.91B$87.05$88.331.47%Strong Buy324.34%N/AN/AN/A
AMBA
AMBARELLA INC
$2.06B$51.27$77.1750.51%Strong Buy620.02%N/AN/AN/A
AXTI
AXT INC
$216.37M$4.89$4.64-5.15%Strong Buy425.35%N/AN/AN/A
ATOM
ATOMERA INC
$160.52M$6.03N/AN/AN/AN/AN/AN/AN/AN/A
COHU
COHU INC
$1.53B$32.46$39.0020.15%Buy2-25.83%N/AN/AN/A
TGAN
TRANSPHORM INC
$310.00M$4.90$8.0063.27%Strong Buy146.59%N/AN/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$2.07B$46.26$60.0029.70%Buy17.62%N/AN/AN/A
VECO
VEECO INSTRUMENTS INC
$1.96B$34.86$37.758.29%Buy48.41%N/AN/AN/A
ICHR
ICHOR HOLDINGS LTD
$1.14B$38.67$41.336.89%Buy33.92%N/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$75.64M$5.33N/AN/AN/AN/A-10.01%N/AN/AN/A

Semiconductor Equipment Stocks FAQ

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

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

1. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the top semiconductor equipment stock with a Zen Score of 65, which is 26 points higher than the semiconductor equipment industry average of 39. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -67.02% over the past year, underperforming other semiconductor equipment stocks by -121 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.69% from Aehr Test Systems's current stock price of $12.46.

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

2. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the second best semiconductor equipment stock with a Zen Score of 63, which is 24 points higher than the semiconductor equipment industry average of 39. It passed 20 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock lose -12.94% over the past year, underperforming other semiconductor equipment stocks by -67 percentage points.

Axcelis Technologies has an average 1 year price target of $165.00, an upside of 46.71% from Axcelis Technologies's current stock price of $112.47.

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.

3. Teradyne (NASDAQ:TER)


Teradyne (NASDAQ:TER) is the third best semiconductor equipment stock with a Zen Score of 57, which is 18 points higher than the semiconductor equipment industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Teradyne has seen its stock return 5.88% over the past year, underperforming other semiconductor equipment stocks by -48 percentage points.

Teradyne has an average 1 year price target of $106.82, a downside of -4.23% from Teradyne's current stock price of $111.54.

Teradyne stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Teradyne, 18.18% have issued a Strong Buy rating, 27.27% have issued a Buy, 45.45% have issued a hold, while 9.09% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the semiconductor equipment stocks with highest dividends?

Out of 8 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 1.57%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.76%. 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. Amkor Technology (NASDAQ:AMKR)


Amkor Technology (NASDAQ:AMKR) has an annual dividend yield of 0.94%, which is the same as the semiconductor equipment industry average of 0.76%.

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

3. Lam Research (NASDAQ:LRCX)


Lam Research (NASDAQ:LRCX) has an annual dividend yield of 0.8%, which is the same as the semiconductor equipment industry average of 0.76%. Lam Research's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Lam Research's dividend has shown consistent growth over the last 10 years.

Lam Research's dividend payout ratio of 28.7% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks up?

Semiconductor equipment stocks were up 0.73% in the last day, and up 1.1% over the last week.

We couldn't find a catalyst for why semiconductor equipment stocks are up.

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 63 points higher than the semiconductor equipment industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.94% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -67 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 86, which is 49 points higher than the semiconductor equipment industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Photronics's stock has gained 76.18% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 23 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 34 points higher than the semiconductor equipment industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Teradyne's stock has gained 5.88% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -48 percentage points.

Are semiconductor equipment stocks a good buy now?

45.83% of semiconductor equipment stocks rated by analysts are a buy right now. On average, analysts expect semiconductor equipment stocks to rise by 1.77% 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 39.25x.
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