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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
$347.57M$11.73N/AN/AN/AN/A20.76%-78.22%5.32%4.47%
ONTO
ONTO INNOVATION INC
$8.14B$164.74$255.0054.79%Strong Buy611.25%27.87%24.01%22.05%
AMAT
APPLIED MATERIALS INC
$150.69B$182.79$232.6327.26%Buy168.91%8.29%46.03%25.78%
ACLS
AXCELIS TECHNOLOGIES INC
$2.59B$79.72$169.80113.00%Strong Buy5-1.88%-7.70%22.29%16.25%
LRCX
LAM RESEARCH CORP
$95.02B$73.85$97.4131.90%Buy1310.07%15.56%73.38%31.83%
CAMT
CAMTEK LTD
$3.63B$79.91$112.2540.47%Strong Buy410.79%14.39%36.21%22.12%
PLAB
PHOTRONICS INC
$1.55B$24.49N/AN/AN/AN/AN/A-4.76%13.05%8.47%
KLAC
KLA CORP
$86.21B$644.55$834.8729.53%Buy158.84%18.46%142.26%32.29%
NVMI
NOVA LTD
$5.50B$189.47$234.5023.77%Buy213.57%7.96%N/AN/A
ASML
ASML HOLDING NV
$264.78B$673.41$963.2543.04%Strong Buy410.71%16.45%73.51%28.43%
TER
TERADYNE INC
$17.33B$106.38$146.2737.50%Buy119.66%13.86%30.71%23.65%
ACMR
ACM RESEARCH INC
$1.16B$18.59$31.0066.76%Strong Buy313.07%-10.12%N/AN/A
AMKR
AMKOR TECHNOLOGY INC
$6.41B$25.98$36.2939.67%Strong Buy73.33%12.63%14.02%8.30%
VECO
VEECO INSTRUMENTS INC
$1.55B$27.30$43.3358.73%Buy61.41%6.11%N/AN/A
DQ
DAQO NEW ENERGY CORP
$1.38B$20.74$20.31-2.06%Hold513.41%N/A31.70%21.17%
TRT
TRIO-TECH INTERNATIONAL
$28.77M$6.77N/AN/AN/AN/AN/AN/AN/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$1.57B$34.81$57.7565.90%Strong Buy414.37%276.07%10.82%4.77%
ENTG
ENTEGRIS INC
$15.87B$105.12$133.0026.52%Strong Buy96.49%60.14%19.32%8.19%
INDI
INDIE SEMICONDUCTOR INC
$955.06M$4.73$7.0047.99%Strong Buy318.63%N/A-6.16%-3.54%
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.56B$47.05$47.500.96%Buy23.78%N/AN/AN/A
AMBA
AMBARELLA INC
$2.40B$58.22$74.0927.26%Buy1121.97%N/A-15.87%-13.36%
AXTI
AXT INC
$87.71M$1.96$5.33172.09%Buy310.41%N/A8.25%4.66%
IPGP
IPG PHOTONICS CORP
$3.30B$76.39$100.0030.91%Strong Buy20.46%N/A6.13%5.50%
ICHR
ICHOR HOLDINGS LTD
$1.07B$31.84$40.6027.51%Strong Buy511.72%N/AN/AN/A
INTT
INTEST CORP
$94.05M$7.60$13.0071.05%Hold1N/AN/AN/AN/A
COHU
COHU INC
$1.21B$25.87$29.8015.19%Hold58.13%N/AN/AN/A
SMTK
SMARTKEM INC
$4.30M$2.42N/AN/AN/AN/AN/AN/AN/AN/A
ATOM
ATOMERA INC
$182.74M$6.35$7.0010.24%Buy1N/AN/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$81.05M$5.70N/AN/AN/AN/A4.95%N/A1.74%1.12%

Semiconductor Equipment Stocks FAQ

What are the best semiconductor equipment stocks to buy right now in Nov 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 64, which is 26 points higher than the semiconductor equipment industry average of 38. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -49.87% over the past year, underperforming other semiconductor equipment stocks by -61 percentage points.

2. Onto Innovation (NYSE:ONTO)


Onto Innovation (NYSE:ONTO) is the second best semiconductor equipment stock with a Zen Score of 61, which is 23 points higher than the semiconductor equipment industry average of 38. It passed 20 out of 33 due diligence checks and has strong fundamentals. Onto Innovation has seen its stock return 21.36% over the past year, overperforming other semiconductor equipment stocks by 10 percentage points.

Onto Innovation has an average 1 year price target of $255.00, an upside of 54.79% from Onto Innovation's current stock price of $164.74.

Onto Innovation stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Onto Innovation, 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.

3. Applied Materials (NASDAQ:AMAT)


Applied Materials (NASDAQ:AMAT) is the third 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 21 out of 38 due diligence checks and has strong fundamentals. Applied Materials has seen its stock return 22.07% over the past year, overperforming other semiconductor equipment stocks by 11 percentage points.

Applied Materials has an average 1 year price target of $232.63, an upside of 27.26% from Applied Materials's current stock price of $182.79.

Applied Materials stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Applied Materials, 50% have issued a Strong Buy rating, 18.75% have issued a Buy, 31.25% 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 1.7%, which is 1 percentage points higher than the semiconductor equipment industry average of 1%. 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 -76% 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 1%. 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 56.8% indicates that its dividend yield is sustainable for the long-term.

3. Amkor Technology (NASDAQ:AMKR)


Amkor Technology (NASDAQ:AMKR) has an annual dividend yield of 1.21%, which is the same as the semiconductor equipment industry average of 1%.

Amkor Technology's dividend payout ratio of 21.3% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks down?

Semiconductor equipment stocks were down -2.38% in the last day, and down -2.48% over the last week.

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

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 71, which is 47 points higher than the semiconductor equipment industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -38.39% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -49 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 57, which is 33 points higher than the semiconductor equipment industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Photronics's stock has gained 21.78% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 11 percentage points.

3. Amkor Technology (NASDAQ:AMKR)


Amkor Technology (NASDAQ:AMKR) is the third most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Amkor Technology has a valuation score of 43, which is 19 points higher than the semiconductor equipment industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Amkor Technology's stock has gained 9.39% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -1 percentage points.

Are semiconductor equipment stocks a good buy now?

45.83% of semiconductor equipment stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor equipment stocks to rise by 37.38% 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 29.44x.
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