Semiconductor Equipment & Materials industry stocks
29 companies in the Semiconductor Equipment & Materials industry. 25 have a published intrinsic value and 3 trade at least 20% below it.
The median company in Semiconductor Equipment & Materials with a published value trades 91% above our estimate of intrinsic value.
Values as of the 22 Sept 2026 close.
Most undervalued stocks in Semiconductor Equipment & Materials
Liquid names only: at least $1M traded a day and $50M of market value.
Largest companies in Semiconductor Equipment & Materials
- ASML Holding NV (ASML): overvalued, -53% margin of safety
- Lam Research Corp (LRCX): overvalued, -57% margin of safety
- Applied Materials Inc (AMAT): overvalued, -225% margin of safety
- KLA Corp (KLAC): overvalued, -77% margin of safety
- Teradyne Inc (TER): overvalued, -58% margin of safety
- Qnity Electronics Inc (Q): not valued
- Entegris Inc (ENTG): fairly valued, +1% margin of safety
- Onto Innovation Inc (ONTO): overvalued, -36% margin of safety
- AMKOR Technology Inc (AMKR): overvalued, -64% margin of safety
- Nova Ltd (NVMI): slightly overvalued, -8% margin of safety
- FormFactor Inc (FORM): overvalued, -421% margin of safety
- Camtek Ltd (CAMT): slightly overvalued, -18% margin of safety
- ACM Research Inc (ACMR): undervalued, +54% margin of safety
- AXT Inc (AXTI): overvalued, -2265% margin of safety
- Kulicke & Soffa Industries Inc (KLIC): overvalued, -172% margin of safety
- Axcelis Technologies Inc (ACLS): undervalued, +55% margin of safety
- Ultra Clean Hldgs Inc (UCTT): overvalued, -298% margin of safety
- IPG Photonics Corp (IPGP): overvalued, -250% margin of safety
- Aehr Test Systems (AEHR): not valued
- Cohu Inc (COHU): not valued
- Ambarella Inc (AMBA): overvalued, -91% margin of safety
- Veeco Instruments Inc (VECO): overvalued, -430% margin of safety
- Ichor Holdings Ltd (ICHR): overvalued, -392% margin of safety
- Photronics Inc (PLAB): undervalued, +78% margin of safety
- Amtech Systems Inc (ASYS): overvalued, -131% margin of safety
- Atomera Inc (ATOM): overvalued, -366% margin of safety
- Intest Corp (INTT): overvalued, -118% margin of safety
- Trio-Tech International (TRT): overvalued, -737% margin of safety
- SmartKem Inc (SMTK): no reliable verdict
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