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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
ACLS
AXCELIS TECHNOLOGIES INC
$3.47B30.20%20.40%28.16%33.70%0.454.0044.60%22.20%25.69%
PLAB
PHOTRONICS INC
$1.78B14.20%9.10%15.06%23.40%0.234.3637.80%15.30%23.46%
ACMR
ACM RESEARCH INC
$1.62B10.70%5.60%10.04%13.10%0.742.3549.50%13.90%17.82%
AEHR
AEHR TEST SYSTEMS
$340.04M18.70%15.20%16.20%30.00%0.1810.0649.50%21.40%20.82%
LRCX
LAM RESEARCH CORP
$115.53B44.40%19.40%29.38%33.90%1.282.8246.80%25.30%28.58%
TER
TERADYNE INC
$17.97B18.20%13.20%18.73%30.20%0.383.2857.40%16.80%19.78%
ASML
ASML HOLDING NV
$342.37B57.00%18.50%35.05%53.70%1.831.5451.40%27.20%32.22%
AMAT
APPLIED MATERIALS INC
$164.44B45.40%23.50%33.91%44.90%0.812.7147.00%27.00%31.32%
INTT
INTEST CORP
$134.18M10.60%7.20%10.61%24.40%0.403.5346.20%7.60%9.51%
CAMT
CAMTEK LTD
$3.59B17.90%10.80%9.47%15.00%0.655.6646.80%24.90%20.74%
KLAC
KLA CORP
$91.83B86.70%18.20%31.65%28.90%3.832.1459.60%27.20%34.61%
ENTG
ENTEGRIS INC
$19.09B9.30%3.40%7.24%7.30%1.443.3542.90%9.30%16.94%
NVMI
NOVA LTD
$5.05B19.90%12.70%19.08%21.60%0.512.2056.60%26.30%29.87%
IPGP
IPG PHOTONICS CORP
$3.95B7.70%6.90%7.35%9.50%0.119.5241.30%15.30%14.83%
ONTO
ONTO INNOVATION INC
$9.62B7.20%6.60%7.52%13.50%0.108.6951.50%14.90%16.25%
AMKR
AMKOR TECHNOLOGY INC
$7.79B9.60%5.60%9.58%9.30%0.662.3414.90%5.80%8.06%
TRT
TRIO-TECH INTERNATIONAL
$26.30M3.00%2.00%3.79%4.40%0.482.7224.60%2.20%3.11%
DQ
DAQO NEW ENERGY CORP
$1.26B3.50%2.30%3.87%7.20%0.184.5924.10%8.30%12.53%
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.55B-5.80%-4.50%-4.54%-6.70%0.286.3438.30%-8.90%-6.98%
INDI
INDIE SEMICONDUCTOR INC
$1.06B-29.30%-14.60%-16.69%-60.70%0.771.9640.10%-52.70%-50.86%
AMBA
AMBARELLA INC
$1.92B-28.70%-24.70%-25.85%-126.60%0.183.3860.40%-74.80%-65.58%
AXTI
AXT INC
$134.07M-8.50%-5.10%-5.84%-5.60%0.442.0917.60%-23.60%-21.37%
TGAN
TRANSPHORM INC
$307.47M-197.70%-114.90%-163.83%-168.10%0.791.6918.70%-222.30%-176.91%
COHU
COHU INC
$1.43B3.00%2.40%4.70%10.40%0.216.1847.60%4.40%7.73%
VECO
VEECO INSTRUMENTS INC
$2.01B-4.80%-2.50%-1.64%-2.00%0.833.2442.80%-4.60%-2.49%
UCTT
ULTRA CLEAN HOLDINGS INC
$1.83B-3.70%-1.70%1.84%2.00%1.162.8816.00%-1.80%1.65%
ASYS
AMTECH SYSTEMS INC
$67.41M-20.90%-13.70%-21.33%-25.30%0.572.9930.40%-16.50%-18.07%
ATOM
ATOMERA INC
$119.65M-98.90%-77.80%-96.91%-153.90%0.256.7889.30%-3,449.50%-3,417.78%
ICHR
ICHOR HOLDINGS LTD
$1.13B-7.40%-4.30%-1.39%-1.60%0.664.0612.70%-5.30%-1.44%

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 -12.4% over the past year, underperforming other semiconductor equipment stocks by -61 percentage points.

Axcelis Technologies has an average 1 year price target of $165.00, an upside of 54.73% from Axcelis Technologies's current stock price of $106.64.

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. Photronics (NASDAQ:PLAB)


Photronics (NASDAQ:PLAB) is the second best semiconductor equipment stock with a Zen Score of 56, which is 20 points higher than the semiconductor equipment industry average of 36. It passed 17 out of 33 due diligence checks and has strong fundamentals. Photronics has seen its stock return 95.55% 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 188.47% over the past year, overperforming other semiconductor equipment stocks by 140 percentage points.

Acm Research has an average 1 year price target of $32.00, an upside of 20.71% from Acm Research's current stock price of $26.51.

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 1.69%, 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 -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 1.66%, 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 0.97%, which is the same as the semiconductor equipment industry average of 0.9%.

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 2.56% in the last day, and down -0.26% over the last week. Onto Innovation was the among the top gainers in the semiconductor equipment & materials industry, gaining 5.66% yesterday.

Shares of semiconductor stocks are trading higher following strong quarterly results from Qualcomm.

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 -12.4% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -61 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 56 points higher than the semiconductor equipment industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Photronics's stock has gained 95.55% 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 -52.96% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -101 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 14.25% 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 36.36x.
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