Semiconductor Manufacturing Stocks Q3 Highlights: Kulicke and Soffa (NASDAQ:KLIC)
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the semiconductor manufacturing stocks, including Kulicke and Soffa (NASDAQ:KLIC) and its peers.
The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment.
The 14 semiconductor manufacturing stocks we track reported a mixed Q3; on average, revenues beat analyst consensus estimates by 0.6% while next quarter's revenue guidance was 3.9% below consensus. Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but semiconductor manufacturing stocks held their ground better than others, with the share prices up 31.5% on average since the previous earnings results.
Kulicke and Soffa (NASDAQ:KLIC)
Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices
Kulicke and Soffa reported revenues of $202.3 million, down 29.3% year on year, topping analyst expectations by 1.1%. It was a mixed quarter for the company, with an impressive beat of analysts' EPS estimates but underwhelming revenue guidance for the next quarter.
Fusen Chen, Kulicke & Soffa's President and Chief Executive Officer, stated, "The General Semiconductor and LED end markets have shown clear improvements in the September quarter. As we execute on a broad range of technology-driven initiatives throughout 2024, we expect industry conditions, and also unique K&S opportunities, to strengthen."
The stock is up 15.2% since the results and currently trades at $53.85.
Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it's free.
Best Q3: Nova (NASDAQ:NVMI)
Headquartered in Israel, Nova (NASDAQ: NVMI) is a provider of quality control systems used in semiconductor manufacturing.
Nova reported revenues of $128.8 million, down 10.5% year on year, outperforming analyst expectations by 4.6%. It was a strong quarter for the company, with a significant improvement in its inventory levels and an impressive beat of analysts' EPS estimates.
Nova delivered the biggest analyst estimates beat among its peers. The stock is up 46.1% since the results and currently trades at $148.51.
Is now the time to buy Nova? Access our full analysis of the earnings results here, it's free.
IPG Photonics (NASDAQ:IPGP)
Both a designer and manufacturer of its products, IPG Photonics (NASDAQ:IPGP) is a provider of high-performance fiber lasers used for cutting, welding, and processing raw materials.
IPG Photonics reported revenues of $301.4 million, down 13.6% year on year, falling short of analyst expectations by 4%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates.
The stock is up 18.3% since the results and currently trades at $98.75.
Read our full analysis of IPG Photonics's results here.
Amtech (NASDAQ:ASYS)
Focusing on the silicon carbide and power semiconductor sectors, Amtech Systems (NASDAQ:ASYS) produces the machinery and related chemicals needed for manufacturing semiconductors.
Amtech reported revenues of $27.71 million, down 14.3% year on year, falling short of analyst expectations by 10.2%. It was a weak quarter for the company, with a miss of analysts' revenue estimates and a decline in its operating margin.
Amtech had the weakest performance against analyst estimates among its peers. The stock is up 8.8% since the results and currently trades at $4.46.
Read our full, actionable report on Amtech here, it's free.
Teradyne (NASDAQ:TER)
Sporting most major chip manufacturers as its customers, Teradyne (NASDAQ:TER) is a US-based supplier of automated test equipment for semiconductors as well as other technologies and devices.
Teradyne reported revenues of $703.7 million, down 14.9% year on year, surpassing analyst expectations by 2.9%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.
The stock is up 27.7% since the results and currently trades at $112.3.
Read our full, actionable report on Teradyne here, it's free.
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The author has no position in any of the stocks mentioned
