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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$1.44B$23.160.61%$124.71M15.86x0.75
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.65B$112.150.17%$303.78M14.68x0.45
OLED
UNIVERSAL DISPLAY CORP
NASDAQ
Semiconductor Equipment & Materials
$8.30B$174.921.12%$316.84M37.94x0.13
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$1.84B$29.100.34%$292.96M12.93x0.23
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$335.99M$11.620.00%$16.15M21.92x0.18
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$19.84B$127.111.81%$616.27M45.40x0.33
ASML
ASML HOLDING NV
NASDAQ
Semiconductor Equipment & Materials
$359.97B$915.03-0.24%$9.88B47.14x1.83
AMAT
APPLIED MATERIALS INC
NASDAQ
Semiconductor Equipment & Materials
$174.34B$209.821.54%$8.78B24.51x0.81
LRCX
LAM RESEARCH CORP
NASDAQ
Semiconductor Equipment & Materials
$119.31B$912.540.97%$4.43B33.38x1.28
CAMT
CAMTEK LTD
NASDAQ
Semiconductor Equipment & Materials
$4.25B$94.111.34%N/A49.27x0.84
ENTG
ENTEGRIS INC
NASDAQ
Semiconductor Equipment & Materials
$19.64B$130.221.11%$949.59M62.01x1.44
IPGP
IPG PHOTONICS CORP
NASDAQ
Semiconductor Equipment & Materials
$4.09B$89.760.53%$244.75M23.07x0.11
NVMI
NOVA LTD
NASDAQ
Semiconductor Equipment & Materials
$5.81B$200.003.36%$174.24M41.75x0.50
KLAC
KLA CORP
NASDAQ
Semiconductor Equipment & Materials
$98.28B$729.922.21%$3.73B38.00x3.83
TRT
TRIO-TECH INTERNATIONAL
NYSEMKT
Semiconductor Equipment & Materials
$25.50M$6.00-4.76%$6.47M25.00x0.37
DQ
DAQO NEW ENERGY CORP
NYSE
Semiconductor Equipment & Materials
$1.27B$19.262.34%N/AN/A0.18
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$2.68B$48.230.50%-$19.73M-40.53x0.28
AXTI
AXT INC
NASDAQ
Semiconductor Equipment & Materials
$150.51M$3.39-6.09%-$6.06M-8.69x0.42
AMBA
AMBARELLA INC
NASDAQ
Semiconductor Equipment & Materials
$1.89B$46.200.50%-$123.72M-10.87x0.18
ICHR
ICHOR HOLDINGS LTD
NASDAQ
Semiconductor Equipment & Materials
$1.25B$37.38-0.53%$13.96M-21.12x0.37
TGAN
TRANSPHORM INC
NASDAQ
Semiconductor Equipment & Materials
$310.00M$4.900.00%-$31.48M-7.00x0.79
ATOM
ATOMERA INC
NASDAQ
Semiconductor Equipment & Materials
$126.10M$4.691.08%-$17.98M-6.01x0.25
AZTA
AZENTA INC
NASDAQ
Semiconductor Equipment & Materials
$2.76B$51.25-0.18%-$73.14M-18.77x0.15
ADEA
ADEIA INC
NASDAQ
Semiconductor Equipment & Materials
$1.23B$11.311.62%$201.45M30.57x2.08
ASYS
AMTECH SYSTEMS INC
NASDAQ
Semiconductor Equipment & Materials
$75.87M$5.340.38%-$15.52M-3.54x0.44
COHU
COHU INC
NASDAQ
Semiconductor Equipment & Materials
$1.39B$29.440.17%$65.05M-490.67x0.17
UCTT
ULTRA CLEAN HOLDINGS INC
NASDAQ
Semiconductor Equipment & Materials
$1.97B$43.961.03%$95.60M-52.96x1.20
VECO
VEECO INSTRUMENTS INC
NASDAQ
Semiconductor Equipment & Materials
$2.20B$38.933.24%$22.02M-108.14x0.79
VLD
VELO3D INC
NYSE
Semiconductor Equipment & Materials
$60.45M$0.23-2.12%-$116.11M-0.34x1.25

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 25 points higher than the semiconductor equipment industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock lose -12.38% over the past year, underperforming other semiconductor equipment stocks by -61 percentage points.

Axcelis Technologies has an average 1 year price target of $151.67, an upside of 35.24% from Axcelis Technologies's current stock price of $112.15.

Axcelis Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Axcelis Technologies, 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.

2. Acm Research (NASDAQ:ACMR)


Acm Research (NASDAQ:ACMR) is the second best semiconductor equipment stock with a Zen Score of 60, which is 25 points higher than the semiconductor equipment industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Acm Research has seen its stock return 139.01% over the past year, overperforming other semiconductor equipment stocks by 90 percentage points.

Acm Research has an average 1 year price target of $32.00, an upside of 38.17% from Acm Research's current stock price of $23.16.

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.

3. Universal Display (NASDAQ:OLED)


Universal Display (NASDAQ:OLED) is the third best semiconductor equipment stock with a Zen Score of 55, which is 20 points higher than the semiconductor equipment industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Universal Display has seen its stock return 25.38% over the past year, underperforming other semiconductor equipment stocks by -24 percentage points.

Universal Display has an average 1 year price target of $207.00, an upside of 18.34% from Universal Display's current stock price of $174.92.

Universal Display stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Universal Display, 25% have issued a Strong Buy rating, 50% have issued a Buy, 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 1.62%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.84%. 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 1.41%, which is 1 percentage points higher than the semiconductor equipment industry average of 0.84%. 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 69.6% 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 0.85%, which is the same as the semiconductor equipment industry average of 0.84%. 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 28.3% indicates that its dividend yield is sustainable for the long-term.

Why are semiconductor equipment stocks up?

Semiconductor equipment stocks were up 1.16% in the last day, and up 1.61% 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 72 points higher than the semiconductor equipment industry average of 28. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.38% 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 71, which is 43 points higher than the semiconductor equipment industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Photronics's stock has gained 78.86% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 30 percentage points.

3. Acm Research (NASDAQ:ACMR)


Acm Research (NASDAQ:ACMR) is the third most undervalued semiconductor equipment stock based on WallStreetZen's Valuation Score. Acm Research has a valuation score of 71, which is 43 points higher than the semiconductor equipment industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Acm Research's stock has gained 139.01% in the past year. It has overperformed other stocks in the semiconductor equipment industry by 90 percentage points.

Are semiconductor equipment stocks a good buy now?

54.17% of semiconductor equipment stocks rated by analysts are a strong buy right now. On average, analysts expect semiconductor equipment stocks to rise by 9.51% 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 37.35x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.