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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
ACLS
AXCELIS TECHNOLOGIES INC
$3.30B$1.11B$297.12M$239.45M$7.328.63%24.82%16.38%58.15%2024-10-30
AEHR
AEHR TEST SYSTEMS
$464.70M$66.22M$13.82M$33.16M$1.151.94%25.75%121.15%N/A
ONTO
ONTO INNOVATION INC
$10.76B$897.21M$247.58M$166.00M$3.36-0.02%31.84%-4.82%31.03%2024-11-07
CAMT
CAMTEK LTD
$3.81B$368.76M$91.83M$95.61M$2.1218.81%22.48%19.10%26.29%2024-11-12
PLAB
PHOTRONICS INC
$1.53B$871.79M$294.01M$141.43M$2.31-0.35%10.09%19.69%36.36%2024-12-11
AMAT
APPLIED MATERIALS INC
$169.05B$26.85B$9.08B$7.45B$8.971.17%12.94%17.72%25.25%2024-11-14
KLAC
KLA CORP
$108.04B$9.81B$3.90B$2.76B$20.41-6.51%16.52%-15.94%22.07%2024-10-30
ASML
ASML HOLDING NV
$330.56B$27.66B$9.56B$7.33B$18.62-3.72%17.57%-10.80%24.68%2024-10-16
ACMR
ACM RESEARCH INC
$1.33B$693.56M$125.03M$85.02M$1.4050.42%49.29%25.00%40.03%2024-11-05
LRCX
LAM RESEARCH CORP
$107.65B$14.91B$4.72B$3.83B$2.91-14.48%9.08%-12.52%15.18%2024-10-23
NVMI
NOVA LTD
$6.29B$561.68M$193.89M$153.76M$5.302.12%19.10%12.05%28.38%2024-11-07
VECO
VEECO INSTRUMENTS INC
$1.89B$701.65M$123.28M$83.01M$1.529.49%10.66%4.83%N/A2024-11-04
TER
TERADYNE INC
$21.52B$2.70B$694.76M$495.64M$3.20-5.48%4.74%-11.11%3.92%2024-10-23
AMKR
AMKOR TECHNOLOGY INC
$7.62B$6.40B$1.14B$375.97M$1.52-7.50%9.77%-35.59%47.19%2024-10-28
ENTG
ENTEGRIS INC
$16.44B$3.28B$812.12M$184.15M$1.23-12.73%15.90%98.39%-9.97%2024-10-31
IPGP
IPG PHOTONICS CORP
$3.34B$1.11B$182.48M$140.68M$3.02-18.96%-4.06%31.88%-11.96%2024-10-29
INTT
INTEST CORP
$92.50M$122.64M$11.23M$4.62M$0.39-3.93%11.55%-62.86%N/A2024-11-01
TRT
TRIO-TECH INTERNATIONAL
$28.08M$42.31M$5.85M$1.05M$0.25-2.17%1.54%-34.21%-9.86%2024-11-11
INDI
INDIE SEMICONDUCTOR INC
$744.26M$235.32M-$37.64M-$82.09M-$0.5051.23%N/AN/AN/A2024-11-07
DQ
DAQO NEW ENERGY CORP
$1.35B$1.60BN/A-$57.29MN/A-53.47%40.64%N/AN/A2024-10-28
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.47B$727.23M-$11.40M-$57.77M-$1.04-12.01%4.45%N/AN/A
AMBA
AMBARELLA INC
$2.46B$220.41M-$125.37M-$175.14M-$4.33-24.18%0.79%N/AN/A2024-11-28
ATOM
ATOMERA INC
$100.93M$640.00k-$17.21M-$18.80M-$0.739,042.86%17.07%N/AN/A2024-10-30
ICHR
ICHOR HOLDINGS LTD
$999.18M$804.85M$14.12M-$36.43M-$1.21-24.66%6.28%N/AN/A2024-11-04
AXTI
AXT INC
$114.76M$88.41M-$2.18M-$13.04M-$0.31-11.57%-1.61%N/AN/A2024-10-31
UCTT
ULTRA CLEAN HOLDINGS INC
$1.79B$1.87B$128.10M-$8.60M-$0.19-8.89%13.00%N/AN/A2024-10-28
COHU
COHU INC
$1.20B$500.35M$33.77M-$28.52M-$0.62-32.94%-2.04%N/AN/A2024-10-31
ASYS
AMTECH SYSTEMS INC
$80.76M$104.81M-$14.21M-$19.97M-$1.41-11.12%3.57%N/AN/A2024-12-11
SMTK
SMARTKEM INC
$5.34M$43.00k-$8.78M-$9.22M-$3.8843.33%N/AN/AN/A

Semiconductor Equipment Stocks FAQ

What are the best semiconductor equipment stocks to buy right now in Oct 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 22 points higher than the semiconductor equipment industry average of 38. It passed 19 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock lose -39.65% over the past year, underperforming other semiconductor equipment stocks by -71 percentage points.

Axcelis Technologies has an average 1 year price target of $169.80, an upside of 67.82% from Axcelis Technologies's current stock price of $101.18.

Axcelis Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Axcelis Technologies, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the second best semiconductor equipment stock with a Zen Score of 58, which is 20 points higher than the semiconductor equipment industry average of 38. It passed 19 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -60.12% over the past year, underperforming other semiconductor equipment stocks by -92 percentage points.

3. Onto Innovation (NYSE:ONTO)


Onto Innovation (NYSE:ONTO) 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 19 out of 33 due diligence checks and has strong fundamentals. Onto Innovation has seen its stock return 52.8% over the past year, overperforming other semiconductor equipment stocks by 21 percentage points.

Onto Innovation has an average 1 year price target of $261.67, an upside of 20.15% from Onto Innovation's current stock price of $217.79.

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.

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 1.77%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.92%. 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 1.58%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.92%. 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 62.7% 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 1.02%, which is the same as the semiconductor equipment industry average of 0.92%.

Amkor Technology's dividend payout ratio of 20.5% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks up?

Semiconductor equipment stocks were up 1.67% in the last day, and up 1.85% 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 71, which is 45 points higher than the semiconductor equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -39.65% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -71 percentage points.

2. Intest (NYSEMKT:INTT)


Intest (NYSEMKT:INTT) is the second most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Intest has a valuation score of 71, which is 45 points higher than the semiconductor equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Intest's stock has dropped -49.69% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -81 percentage points.

3. Photronics (NASDAQ:PLAB)


Photronics (NASDAQ:PLAB) is the third most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Photronics has a valuation score of 71, which is 45 points higher than the semiconductor equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Photronics's stock has gained 16.74% in the past year. It has underperformed other stocks in the semiconductor equipment industry by -15 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 22.71% 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 36.43x.
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