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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.

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

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 -14.82% 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 57.37% from Axcelis Technologies's current stock price of $104.85.

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.

Photronics (NASDAQ:PLAB) is the second best semiconductor equipment stock with a Zen Score of 53, which is 15 points higher than the semiconductor equipment industry average of 38. It passed 16 out of 33 due diligence checks and has strong fundamentals. Photronics has seen its stock return 95.75% over the past year, overperforming other semiconductor equipment stocks by 43 percentage points.

Kulicke & Soffa Industries (NASDAQ:KLIC) is the third best semiconductor equipment stock with a Zen Score of 53, which is 15 points higher than the semiconductor equipment industry average of 38. It passed 18 out of 38 due diligence checks and has strong fundamentals. Kulicke & Soffa Industries has seen its stock lose -1.79% over the past year, underperforming other semiconductor equipment stocks by -54 percentage points.

Kulicke & Soffa Industries has an average 1 year price target of $58.00, an upside of 22.99% from Kulicke & Soffa Industries's current stock price of $47.16.

Kulicke & Soffa Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Kulicke & Soffa Industries, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Kulicke & Soffa Industries (NASDAQ:KLIC) has an annual dividend yield of 1.65%, 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.

Camtek (NASDAQ:CAMT) has an annual dividend yield of 1.61%, 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.

Amkor Technology (NASDAQ:AMKR) has an annual dividend yield of 0.98%, 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.

Semiconductor equipment stocks were up 0.46% in the last day, and up 8.09% over the last week. Amkor Technology was the among the top gainers in the semiconductor equipment & materials industry, gaining 2.78% yesterday.

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

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

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 68 points higher than the semiconductor equipment industry average of 32. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -14.82% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -67 percentage points.

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 39 points higher than the semiconductor equipment industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Photronics's stock has gained 95.75% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 43 percentage points.

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 39 points higher than the semiconductor equipment industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Aehr Test Systems's stock has dropped -53.37% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -106 percentage points.