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Samsung to set up advanced wafer fab in Texas

Samsung Electronics has announced plans to invest an estimated US$17 billion in the establishment of a new semiconductor manufacturing facility in Taylor, Texas. The fab will be dedicated to producing advanced logic semiconductor solutions that power next-generation innovations and technologies......»»

Category: topSource: digitimesNov 25th, 2021

Semiconductor Sales to Aid Applied Materials" (AMAT) Q2 Earnings

Applied Materials' (AMAT) fiscal second-quarter performance is expected to have benefited from solid momentum across the Semiconductor Systems segment. Applied Materials, Inc.’s AMAT second-quarter fiscal 2022 results, which are scheduled to release on May 19, are likely to reflect a solid momentum across the Semiconductor Systems segment.The underlined segment offers equipment for front-end operations in the semiconductor manufacturing process.The segment has become an integral division of the company as it generates a significant part of net sales. Notably, Semiconductor Systems sales were $4.6 billion in the last reported quarter, accounting for 70.3% of net sales. The figure also rose 29% year over year.The rising demand for semiconductor equipment is expected to have continued driving the segment’s fiscal second-quarter sales.For second-quarter fiscal 2022, the Zacks Consensus Estimate for semiconductor sales is pegged at $4.61 billion, suggesting growth of 16.1% from the prior-year quarter’s reported figure.Click here to know how the company’s overall fiscal second-quarter performance is likely to have been.Applied Materials, Inc. Revenue (TTM)  Applied Materials, Inc. revenue-ttm | Applied Materials, Inc. QuoteFactors at PlayThe Semiconductor Systems segment is expected to have continued benefiting from the growing traction across etch, metal deposition systems and chemical-mechanical planarization.Solid demand across DRAM, and foundry and logic are expected to have been a major tailwind. The growing customer momentum for integrated solutions is anticipated to have been a positive.Applied Materials’ winning critical applications in NAND are expected to have benefited its position in etch in the quarter under review.The company’s application wins for its high-growth semi products in dielectric deposition, etch and inspection are expected to have contributed to the fiscal second-quarter performance.Applied Materials is expected to have gained traction in the IoT, communications, automotive, power and image sensor markets, courtesy of its strong investments in capacity and new advanced technologies, and the growing demand for specialty nodes.Increasing customer spending in foundry and logic is anticipated to have acted as a tailwind. This is likely to have aided the company’s momentum across the optical wafer inspection space in the to-be-reported quarter.Solid momentum across technologies, such as Epitaxy, Physical Vapor Deposition, Ion Implant, Rapid Thermal Processing, and Metrology and Inspection, is expected to have aided the segment’s performance in the fiscal second quarter.However, supply constraints due to the ongoing pandemic are expected to have been headwinds for the underlined segment in the to-be-reported quarter.Zacks Rank & Stocks to ConsiderCurrently, Applied Materials carries a Zacks Rank #4 (Sell).Investors interested in the broader technology sector can consider some better-ranked stocks like Avnet AVT, Monolithic Power Systems MPWR and MaxLinear MXL. While Avnet and Monolithic Power Systems sport a Zacks Rank #1 (Strong Buy), MaxLinear carries a Zacks Rank of 2 at present (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Avnet has gained 8% in the past year. The long-term earnings growth rate for AVT is currently projected at 37.2%.Monolithic Power Systems has gained 34.8% in the past year. The long-term earnings growth rate for MPWR is currently projected at 25%.MaxLinear has rallied 21.9% in the past year. The long-term earnings growth rate for MXL is currently projected at 20%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avnet, Inc. (AVT): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 18th, 2022

TSMC, VIS performances to stay in high gear through 2025

Despite a slowdown in sales of consumer electronics devices such as handsets and notebooks, foundry houses seem to remain unscathed. In particular, TSMC and its affiliate Vanguard International Semiconductor (VIS), with their prowess in advanced process nodes and mature 8-inch wafer fabrication, respectively, are expected to keep their business performances in high gear through at least 2025, bolstered by big and long-term orders from major clients, according to industry sources......»»

Category: topSource: digitimesMay 10th, 2022

ACM Research (ACMR) to Report Q1 Earnings: What"s in Store?

ACM Research's (ACMR) first-quarter results are likely to reflect the benefit of strong R&D initiatives and a multi-product strategy to attract new customers. ACM Research ACMR is scheduled to report first-quarter 2022 results on May 6.The consensus mark for first-quarter earnings has been unchanged over the past 30 days at a loss of 9 cents per share, suggesting no year-over-year growth.ACM Research beat the Zacks Consensus Estimate for earnings in three of the last four quarters, with the average being 55.69%.Factors to NoteACM Research’s top-line growth in the to-be-reported quarter is expected to have benefited from solid growth in wafer processing solutions and advanced packaging as customers continue to scale their production capacities to meet rising demand. Rising production capacity is expected to attract new customers for ACM Research.ACM Research is expected to have benefited in the first quarter from the introduction of its new compound semiconductor tools for manufacturing semiconductors. These tools help address the growing demand for electric vehicles (EV), 5G communications and artificial intelligence (AI) markets.ACM Research, Inc. Price and EPS Surprise ACM Research, Inc. price-eps-surprise | ACM Research, Inc. QuoteACM Research has also been banking on its capability to work at full capacity to produce tools used in manufacturing semiconductors in large volumes for many fabs globally. ACM Research is expected to benefit from developing its new facilities in Chuansha, Shanghai, and South Korea as it will help it address the rising demand for semiconductors globally.Further, in the first quarter, ACM Research is expected to benefit from the $545 million raised in the star market IPO. This is expected to create a strong balance sheet to fund ACM Research’s growth as a global player in the semiconductor equipment industry.What Our Model IndicatesOur proven model predicts an earnings beat for ACMR this time around. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.ACMR has a Zacks Rank #3 and an Earnings ESP of +44.44%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks to ConsiderHere are a few other companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:BWX Technologies BWXT has an Earnings ESP of +2.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.BWX’s shares have returned 6.7% in the year-to-date period against the Zacks Computer and Technology sector’s decline of 21.7%.Fabrinet FN has an Earnings ESP of +0.87% and a Zacks Rank of 2.Fabrinet’s shares have fallen 21.2% year to date.Analog Devices ADI has an Earnings ESP of +2.17% and a Zacks Rank #2.Analog Devices’ shares have fallen 10% in the year-to-date period.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis Report ACM Research, Inc. (ACMR): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report BWX Technologies, Inc. (BWXT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 4th, 2022

KLA Corp. (KLAC) Beats Q3 Earnings and Revenue Estimates

KLA Corp.'s (KLAC) fiscal Q3 results reflect gains from increased customer demand across each of the major product groups. Also, growing investments in foundry & logic remain a tailwind. KLA Corporation KLAC reported third-quarter fiscal 2022 earnings per share of $5.13, which beat the Zacks Consensus Estimate by 6.8%. The figure was up 33.2% year over year but down 8.2% sequentially.Revenues increased 26.9% from the year-ago quarter but declined 2.72% sequentially to $2.29 billion, surpassing the Zacks Consensus Estimate by 3.5%. The reported figure was toward the higher end of the company’s guided range of $2.1-$2.3 billion.Strong customer demand across each of the major product groups drove the quarterly results.Growing investments across multiple nodes, and rising capital intensity in Foundry and logic contributed well to its quarterly performance.Increasing customer adoption of metrology applications in leading-edge technology development and capacity monitoring propelled the optical metrology business, which remained a positive factor.Management has a favorable outlook toward the wafer fab equipment industry despite supply challenges and macro headwinds. It expects positive industry dynamics to continue in the calendar year 2022 due to strong semiconductor demand.KLA Corporation Price, Consensus and EPS Surprise KLA Corporation price-consensus-eps-surprise-chart | KLA Corporation QuoteTop-Line DetailsProducts revenues (accounting for 79% of total revenues) increased 30.9% year over year to $1.80 billion. Yet, it declined 5.02% from the prior quarter-period.Services revenues (21% of total revenues) were up 6.8% sequentially and 13.9% from the year-ago quarter to $488 million.The growth in Services revenues is attributed to the expanding installed base, increasing customer adoption of long-term service agreements, higher utilization rates, and expansion of Service opportunities in the legacy nodes.In terms of reportable segments, Semiconductor Process Control revenues increased 31% year over year to $1.98 billion, driven by strength in foundry and logic. Foundry & Logic accounted for 63%, and Memory (accounting for 26% DRAM and 11% NAND) constituted about 37% of semiconductor process control systems’ revenues. Specialty Semiconductor Process revenues were $117 million, up 28% year over year. PCB, Display and Component Inspection revenues, however, declined 6% from the year-ago quarter to $193 million.The Electronics, Packaging and Components or EPC group reported strong results for the quarter, driven by strength in automotive, 5G and advanced packaging.In terms of revenue breakdown by major products, Wafer Inspection, Patterning — which includes reticle inspection — and Specialty Semiconductor Process accounted for 40%, 27% and 5% of the company’s total fiscal third-quarter revenues, respectively. PCB, Display and Component Inspection accounted for 5%, Service contributed 21%, and Other — which is reported in the Semiconductor Process Control segment — constituted 2% of the quarterly revenues.In terms of regional breakdown of revenues, China, Taiwan, and Korea accounted for 31%, 23%, and 21% of the total fiscal third-quarter revenues, respectively. Then again, the United States, Europe, Japan, and the rest of Asia accounted for 10%, 7%, 6%, and 3%, respectively.Operating DetailsNon-GAAP gross margin came in line with the prior-year quarter figure of 62.9%. The figure was at the higher end of the guided range of 61.5-63.5%.Research and development (R&D) expenses increased 19.4% year over year to $285.2 million. Selling, general and administrative (SG&A) expenses also increased 18.3% year over year to $216.5 million. As a percentage of sales, R&D and SG&A expenses contracted 8 bps and 7 bps year over year, respectively.For the reported quarter, non-GAAP operating margin was 41.7%, expanding 130 bps year over year.Balance SheetAs of Mar 31, 2022, cash, cash equivalents and marketable securities totaled $2.58 billion compared with $2.81 billion on Dec 31, 2021.Cash flow from operating activities was $818.9 million for the fiscal third quarter versus $810.8 million in the prior quarter. Free cash flow was $718.6 million for the reported quarter compared with $745.9 million in the prior quarter.During the fiscal third quarter, KLAC paid $159 million in dividends and repurchased $564.7 million shares.Fourth-Quarter Fiscal 2022 GuidanceFor fourth-quarter fiscal 2022, revenues are expected between $2.30 billion and $2.55 billion. The Zacks Consensus Estimate for revenues is pegged at $2.36 billion.The company expects non-GAAP EPS within $4.93-$6.03. The Zacks Consensus Estimate for non-GAAP EPS is pegged at $5.35.Management expects non-GAAP gross margin in the range of 61.5-63.5%.Zacks Rank & Stocks to ConsiderCurrently, KLA Corp. has a Zacks Rank #4 (Sell).Investors interested in the broader technology sector can consider stocks like Jabil JBL, Jack Henry & Associates JKHY, and Broadcom AVGO. While Jabil currently sports a Zacks Rank #1 (Strong Buy), Jack Henry & Associates and Broadcom carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Jabil has gained 13.3% over a year. The long-term earnings growth rate for JBL is currently projected at 12%.Jack Henry & Associates has gained 19.6% over a year. The long-term earnings growth rate for JKHY is currently projected at 17%.Broadcom has gained 26.9% over a year. The long-term earnings growth rate for AVGO is currently projected at 14.5%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KLA Corporation (KLAC): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 29th, 2022

Time to Buy Beaten Down Chip Stocks & ETFs?

We discuss the semiconductor industry outlook, and best stocks & ETFs. (1:30) - Understanding Supply and Demand Of The Semiconductor Market(9:15) - Are Semiconductors Heading Into A Cyclical Downturn?(13:45) - Where Will Nvidia’s Growth Come From?(23:30) - Breaking Down AMD and ASML: Are These Strong Investments Right Now?(30:20) - What Lies Ahead For Quantum Computing?(36:15) - ETFs To Keep On Your Radar For Semiconductor Exposure                Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Zacks Senior Stock Strategist, Kevin Cook, about semiconductor stocks that have taken a beating this year.Chips, the basic building blocks of computation, have become integral in everything from smartphones to cars, laptops, PCs, video games and data centers. As the pandemic supercharged the demand for computing, semiconductor industry’s annual sales exceeded $500 billion last year. McKinsey expects it to become a trillion-dollar industry by 2030.The PHLX Semiconductor Index down about 25% so far in 2022, after two years of excellent performance. The demand environment for chips remains very strong but supply chain disruptions have persisted, resulting in continued shortages.Taiwanese chipmaker TSMC TSM, the world’s largest and most advanced contract chip manufacturer, reported that its capacity remains tight throughout 2022.NVIDIA NVDA, the king of AI, makes processors that power cutting edge computing in data centers, gaming, cryptocurrency mining and autonomous vehicles companies. The company now sees a total addressable market of $1 trillion for its chips and systems.AMD AMD has emerged as a strong challenger to NVIDIA in the GPU market but is trading at 21.1 times forward earnings compared to NVDA’s 33.2 times.ASML ASML manufactures extreme ultraviolet lithography, or EUV, machines that use light to print patterns on silicon wafer at minuscule scale. These sophisticated machines are critical to the production of cutting-edge microchips and are used by world’s leading chip manufacturers.The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. It has 30 holdings with a cap of 8% on individual securities. Broadcom AVGO and NVIDIA are its top holdings.The VanEck Vectors Semiconductor ETF SMH also follows a market cap weighted index and holds 25 US-listed semiconductor companies. TSMC and Nvidia are its top holdings.The SPDR S&P Semiconductor ETF XSD is an equal weighted ETF. The Invesco PHLX Semiconductor ETF SOXQ, which made its debut last year, is now the cheapest product in the space.To learn more about these ETFs, please visit Zacks ETF Center. Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.Disclosure: I own SOXX and XSD the ETF Investor portfolio. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report ASML Holding N.V. (ASML): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 29th, 2022

TSMC fan-out packaging to attract orders for Android smartphone SoCs

Apple will no longer be the exclusive customer of TSMC adopting the foundry's advanced integrated fan-out (InFO) wafer-level packaging, which is expected to attract orders for Android smartphone application processors (AP) by 2024, according to industry sources......»»

Category: topSource: digitimesApr 20th, 2022

What"s in Store for Taiwan Semiconductors" (TSM) Q1 Earnings?

Taiwan Semiconductor's (TSM) first-quarter 2022 results are expected to reflect gains from the robust technology portfolio. Taiwan Semiconductor Manufacturing Company Ltd. TSM is scheduled to report first-quarter 2022 results on Apr 14.For the first quarter, TSM anticipates revenues between $16.6 billion and $17.2 billion.The Zacks Consensus Estimate for first-quarter revenues is pegged at $16.97 billion, suggesting growth of 31.4% from the year-ago quarter’s reported figure.The consensus mark for first-quarter earnings is pegged at $1.27 per share, indicating an improvement of 32.3% from the prior-year reported figure. Additionally, the estimate has been unchanged over the past 30 days.Taiwan Semiconductor’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 3.88%, on average.Taiwan Semiconductor Manufacturing Company Ltd. Price and EPS Surprise Taiwan Semiconductor Manufacturing Company Ltd. price-eps-surprise | Taiwan Semiconductor Manufacturing Company Ltd. QuoteFactors to NoteTaiwan Semiconductor’s strong efforts toward innovating technology products are likely to get reflected in its March-quarter results.Solid demand for TSM’s 7-nanometer (nm) technology is expected to have driven its performance in the to-be-reported quarter.The strong momentum across advanced technologies, which are defined as 7nm and below, is likely to have benefited Taiwan Semiconductor in the quarter under review.The impacts of its deepening focus on the full volume production of 5nm are likely to reflect on the first-quarter results. The growing production of 6nm is expected to have contributed to the to-be-reported quarter’s performance.Evidently, all these positives are likely to have aided the TSM’s first-quarter wafer revenues.Taiwan Semiconductor is expected to have benefited from the uptick in chip design activity. The momentum in 5G smartphone launches is expected to have bolstered TSM’s 5G smartphone penetration rate in the quarter under review. Further, TSM is likely to have gained strength from growth in high-performance computing (HPC)-related applications.This apart, continuous recovery in the automotive sector is likely to have acted as a major tailwind to Taiwan Semiconductor’s business.Additionally, strength across CPU, networking and AI accelerators is likely to have boosted HPC revenues for the quarter to be reported.The first-quarter results are likely to reflect the growing foundry industry and the increasing proliferation of IoT products.However, the ongoing pandemic adversities might reflect on the to-be-reported quarter’s results. Weak end-market demand and supply-chain disruptions due to the COVID-19 outbreak are expected to have acted as headwinds in the first quarter.What Our Model SaysOur proven model doesn’t conclusively predict an earnings beat for Taiwan Semiconductor this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Taiwan Semiconductor has a Zacks Rank #3 and an Earnings ESP of 0.00%.Stocks to ConsiderHere are some companies, which per our model, have the right combination of elements to beat on earnings this season.Apple AAPL has an Earnings ESP of +3.30% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Apple is scheduled to release second-quarter fiscal 2022 results on Apr 28. The Zacks Consensus Estimate for AAPL’s earnings is pegged at $1.43 per share, suggesting an increase of 2.1% from the prior fiscal year’s reported figure.Fortive FTV has an Earnings ESP of +0.30% and a Zacks Rank #3 at present.Fortive is set to report first-quarter 2022 results on Apr 28. The Zacks Consensus Estimate for FTV’s earnings is pegged at 68 cents per share, which suggests an increase of 7.9% from the prior year’s reported figure.WESCO International WCC has an Earnings ESP of +10.46% and is Zacks #3 Ranked at present.WESCO is expected to release first-quarter 2022 results on May 5. The Zacks Consensus Estimate for WCC’s earnings is pegged at $2.20 per share, which suggests an increase of 53.8% from the prior year’s reported figure.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report WESCO International, Inc. (WCC): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report Fortive Corporation (FTV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 11th, 2022

4 Top Stocks to Consider From Prospering Electronics Industry

The Zacks Electronics - Semiconductors industry players, AVGO, GFS, LSCC and SYNA, gain hugely from the growing proliferation of AI, ML and consumer electronic devices. The Zacks Electronics - Semiconductors industry has been benefiting from the solid adoption of laptops, notebooks, office equipment and network peripherals worldwide. The growing proliferation of AI, Machine Learning (ML) and industrial revolution 4.0 (which focuses on interconnectivity and automation) has turned out to be a boon for industry players like Broadcom AVGO, GlobalFoundries GFS, Lattice Semiconductor LSCC and Synaptics SYNA. The growing demand for high-volume consumer electronic devices, including digital media players, smartphones, tablets, efficient packaging, machine vision solutions, and robotics, should continue to drive the industry’s growth.Industry DescriptionThe Zacks Electronics – Semiconductors industry primarily comprises companies that provide a wide range of semiconductor technologies. Their offerings include packaging and test services, wafer cleaning, factory automation, face detection, and image-recognition capabilities to develop smart and connected products. The industry participants primarily cater to end-markets constituting consumer electronics, communications, computing, industrial and automotive. Notably, the companies are increasing their spending on research and development in order to stay afloat in an era of technological advancements and changing industry standards. The underlined industry is experiencing solid demand for advanced electronic equipment, which is helping its participants increase their investments in cost-effective process technologies.What's Shaping the Future of the Electronics - Semiconductors Industry?Smart Devices Aiding Computing Demand: Smart devices need computing and learning capabilities to perform functions like face detection, image recognition and video analytics capabilities. These require high levels of processing power, speed and memory, and low power consumption. In addition, these require better graphic processors and solutions, which bode well for the industry. Graphic solutions help increase the speed of rendering images and improve image resolution as well as color definition.Prospects Around Advanced Packaging Robust: The increasing demand for miniaturization, greater functionality, lower power consumption, and improved thermal, as well as electrical performance, are driving the demand for semiconductor packaging as well as test technologies. The growing requirement for advanced packaging is gaining traction in the semiconductor industry, which is a key catalyst for the industry participants.Solid Adoption of Electronic Goods a Tailwind: Electronics, which aid efficiency and automation, have become ubiquitous these days. The industry has been gaining from an increased demand for electronic goods and appliances, fueled by the coronavirus-induced safety rules and precautions. The ongoing global digital wave has been driving growth of electronic components and cloud services, benefiting the industry.Zacks Industry Rank Indicates Impressive ProspectsThe Zacks Electronics - Semiconductors industry is housed within the broader Zacks Computer and Technology sector. It currently carries a Zacks Industry Rank #95, which places it in the top 38% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Dec 31, 2021, the industry’s earnings estimates for the current year have moved up 8.1%.Before we present a few stocks that you may want to consider for your portfolio, let’s look at the industry’s recent stock-market performance and valuation picture. Industry Lags S&P 500, Outperforms SectorThe Zacks Electronics - Semiconductors industry has underperformed the Zacks S&P 500 composite but surpassed the broader Zacks Computer and Technology sector over the past year.The industry has gained 8.2% over this period compared with the S&P 500’s rise of 9.3%. The broader sector has lost 2.7% in the said period.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing electronics semiconductors stocks, the industry is currently trading at 16.59X versus the S&P 500 and the sector’s 19.73X and 23.56X, respectively.Over the past five years, the industry has traded as high as 44.87X, as low as 5.62X and recorded a median of 12.57X, as the charts below show.Price/Earnings Ratio (F12M) 4 Electronics Semiconductor Stocks to BuyBroadcom: The San Jose, CA-headquartered designer, developer and global supplier of a broad range of semiconductor devices is riding on the continued strength across both Semiconductor solutions and Infrastructure software verticals. The robust adoption of next-generation PON, with Wi-Fi 6 and 6C access gateways, is a major positive. An acceleration in 5G deployment, production ramp-up and an increase in radio frequency content favor prospects.This Zacks Rank #2 (Buy) company is well-positioned to capitalize on the increased spending by telecommunication companies in modernizing infrastructure and enhancing Edge and core networks, as well as higher cloud spending by data centers. The solid demand for broadband, networking and wireless products remains another tailwind. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Broadcom has returned 24.2% in the past year. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings moved north by 7.4% to $35.49 per share over the last 60 days.Price and Consensus: AVGOGlobalFoundries: The Malta, NY-based manufacturer of a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units and microelectromechanical systems, continues to benefit from its position in the global semiconductor supply chain.This Zacks Rank #2 company is positioned well to capitalize on the strengthening demand for pervasive semiconductor solutions. Its expanding global manufacturing footprint remains another major positive.GlobalFoundries has returned 21.1% in the past year. The Zacks Consensus Estimate for the company’s 2022 earnings moved north by 6.1% to $1.90 per share over the last 60 days.Price and Consensus: GFSLattice Semiconductor: The Hillsboro, OR-based company is gaining from strong momentum across a number of different OEM server platforms. Advancement in its products, which are highly utilized in server and client-computing platforms, remains a major positive.This Zacks Rank #2 company is well-poised to gain solid traction among client computing platforms on the back of support provided for functions like security, video bridging and IO aggregation in different form factors.Lattice Semiconductor has returned 4.5% in the past year. The Zacks Consensus Estimate for the company’s 2022 earnings moved north by 15.7% to $1.40 per share over the last 60 days.Price and Consensus: LSCCSynaptics: The San Jose, CA-based company is benefiting from its leadership position in designing and marketing human interface solutions such as touchpads for notebook computers, capacitive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. Continued strong demand for notebooks, owing to the work-from-home and online learning trends, is a major tailwind.This Zacks Rank #2 company is further gaining from the new design momentum with its Organic Light Emitting Diode touch sensors. Also, solid prospects in its Internet of Things business remain noteworthy.Synaptics has returned 21.5% in the past year. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings moved north by 3% to $12.89 per share over the last 60 days.Price and Consensus: SYNA Special Report: The Top 5 IPOs for Your Portfolio Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.>>See Zacks’ Hottest IPOs NowWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO): Free Stock Analysis Report Lattice Semiconductor Corporation (LSCC): Free Stock Analysis Report Synaptics Incorporated (SYNA): Free Stock Analysis Report GlobalFoundries Inc. (GFS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 8th, 2022

TSMC Arizona fab unlikely to earn without government subsidies

It may be hard for TSMC to generate profits from its new advanced wafer fab in Arizona when the facility becomes operational, if the US government fails to carry out its commitment to relevant subsidies and support, according to industry observers......»»

Category: topSource: digitimesMar 30th, 2022

2 Undervalued Semi Equipment Stocks Worth Owning

The Zacks Semiconductor Equipment ??? Wafer Fabrication industry is seeing strong demand but significant supply constraints. Valuations continue to decline for a number of reasons including macro concerns, making AMAT and LRCX worth owning today. The primary drivers of wafer fab equipment demand are the underlying strength of semiconductor demand and the existing capacity level. Social distancing and the at-home economy have accelerated digitization, driving up chip demand. And digitization has become a broader trend as companies prioritize their technology investments. Developments in auto, industrial, clean energy, IoT, healthcare, online services and defense segments will ensure continued strength in semiconductor demand, thus driving equipment spending.  China’s determination to be self-reliant in chips is currently a big driver of equipment sales. But increasing pressure from the West to contain its progress, has the country racing to make its own. In the interim, and barring regulatory roadblocks from the American side, this remains a tailwind for the industry. Other countries deciding to onshore production as a strategic necessity is a long-term positive. Market researchers also see continued strength. The most recent estimate from Gartner has WFE revenue growth at 35.8% in 2021 and 10.7% in 2022. There are three drivers: continued spending on leading edge logic by IDMs and foundries and capacity increases at memory producers. Trailing edge investment to alleviate supply chain constraints is not a driver going forward. Gartner expects WFE spending to come down in 2023 and 2024 as purchased equipment is digested. SEMI sees 10% growth in 2022 on top of the 39% growth in 2021 with 46% of 2022 spending coming from foundry, 37% from memory (as DRAM declines and 3D NAND nudges higher) and the rest from logic equipment. Microcontrollers (+47%) and power devices (+33%) are expected to be the strongest categories this year. Korea (+14%), Taiwan (+14%) and China (-20%) remain the biggest spenders, together accounting for 73% of WFE spending.  EMEA and Japan are expected to grow a respective 145% and 29%. Despite the growth prospects, macro and geopolitical considerations are weighing down stocks like Applied Materials (AMAT), Lam Research (LRCX) and Applied Materials (AMAT).About The IndustryWafer fabrication is a process during which a silicon wafer (usually 200mm or 300mm in size) is treated with successive layers of conductive and semiconductive material using stencil-like structures called reticles. After each deposition of material on the surface, the excess material is etched away and the wafer exposed to a light source to implant the design. This is the front end process. The back-end process is involved in cutting up the individual die, packaging for protection and use, attaching of electrical leads and sorting.Fabrication equipment demand is dependent on the level of semiconductor demand and the level of installed capacity.Semiconductor demand primarily comes from cloud, ecommerce and PCs (COVID-related acceleration), smartphones (moderating demand), IoT (strong demand), automotive and industrial (chip shortage), artificiFactors Shaping The IndustryCOVID has been both good and bad for the semiconductor industry, since it pushed up demand in some segments while depressing demand in others. Researchers are in agreement about the positive overall impact on WFE. This is not only because of the surge in semiconductor demand, which has a direct impact on the WFE industry, but also the fact that manufacturing operations in general have suffered less than services during this crisis. One lasting impact of the pandemic is the approach to inventory building. Customers are now leaning toward a more cautious (and expensive) just-in-case approach rather than the cheaper but riskier just-in-time approach. The war in Ukraine is a general negative for the industry, especially those making equipment using neon and other gases the bulk of which are produced in the Ukraine and Russia. Even for those that don’t directly source a lot of their requirement from these countries, the general scarcity of supply is increasing prices of the commodity, which can result in weaker margins. Semiconductor demand is the primary driver of equipment purchases, although new fabs also play a big role. In fact, many new fabs are expected to come online over the next few years, which will make this a major driver in 2022 and beyond. According to SEMI, 10 new fabs will break ground in 2022, of which 7 are leading edge, together generating demand for $140 billion worth of equipment over the next few years. This is in addition to the 19 in 2021, of which leading edge (300mm) number 15. It generally takes two years from ground-breaking to equipping, so the current strength in equipment demand has a long tail. It is also worth keeping in mind that equipment demand tends to be relatively stable in times of short-term challenges because they are made with a longer-term objective. Memory typically makes up the largest part of WFE spending, but of the 29 new fabs mentioned here, 15 are meant for high-volume foundry production with 30,000 to 220,000 wspm capacity and 4 relate to memory production with 100,000 to 400,000 wspm capacity. China continues to play a big role (as both consumer and manufacturer of chips) because of the government’s initiative to make the country a major producer of semiconductors. While there are political pressures from across the world, particularly from the U.S., the Chinese are very determined to get there and have their own global relationships and partners. Since the west doesn’t want to sell it the most advanced equipment, it is investing heavily in its own equipment technology and there are concerns that it may have stolen some intellectual property. But because this is likely to take a few years, it’s a positive that of the 29 new fabs breaking ground in 2021 and 2022, 8 will be built in China. Because these will have to be imported. Technology transitions, an important consideration for equipment purchases, will continue to respond to the move toward larger wafer sizes (fab upgrades to 300mm, as well as continued demand for 200mm), shrinking nodes (7nm and below), memory chip advancements (3D NAND processes are maturing, driving down cost, increasing layers are adding complexity), denser packaging (MEMS) and so forth. Materials research, device complexities, the need for greater manufacturing integration and new applications are also important factors. Other inflections will come from new chip architectures like workload-specific ASICs; new 3D structures like gate-all-around transistors, backside power distribution, next-generation 3D NAND and 3D DRAM; new materials in gate, contact and interconnect; new ways to shrink from EUV lithography to advanced patterning; and advanced packaging from 2.5D silicon interposers to 3D chiplets and hybrid bonding. The increased complexities of building modern chips is good for equipment makers.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Semiconductor Equipment -Wafer Fabrication industry is a stock group within the broader Zacks Computer And Technology sector. It carries a Zacks Industry Rank #115, which places it in the top 46% of more than 250 Zacks industries.Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. So the group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates relative stability going forward.The industry’s positioning in the top 50% of Zacks-ranked industries is a result of the strength in the earnings outlook of constituent companies in aggregate. The industry’s aggregate earnings estimate revision for 2022 represents a 26.9% increase from Mar 2021, while the 2023 revision amounts to a 30% increase.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry Outperforming On Shareholder ReturnsThe Zacks Semiconductor-Wafer fab Equipment Industry has outperformed both the broader technology sector and the S&P 500 through most of the past year. But as a reaction to investor concerns around growth names and the tech sector in particular, it has softened this year. So we see that the stocks in this industry have collectively gained 4.2% over the past year, while the S&P 500 Composite gained 6.1% and the Zacks Computer and Technology Sector lost 4.3%.One-Year Price PerformanceImage Source: Zacks Investment ResearchIndustry???'s Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E) ratio, which is a commonly used method of valuing semiconductor equipment companies, we see that the industry is currently trading at 19.98X (the lowest multiple over the past year). This is just above the S&P 500’s 18.56X and below the sector’s forward-12-month P/E of 22.29X.Over the past year, the industry has traded as high as 31.11X, as low as 19.98X and at the median of 27.73X, as the chart below shows.Forward 12 Month Price-to-Earnings (P/E) RatioImage Source: Zacks Investment Research2 Stocks With Room To RunWith pandemic concerns waning, it’s understood that the huge boost to sales from the operating-from-home economy will not repeat, although the hybrid mode of operation has longer-term positive implications for the semiconductor and allied industries. Particularly because it will play out gradually across the world, leading to sustained strength in demand.Semiconductor demand will also be boosted by their expanding application across sectors and countries and current demand reflects this. Equipment demand is also more stable than chips, because semiconductor manufacturing equipment is high-value and so, a part of the long-term planning process.That said, geopolitical tensions may disrupt the supply chain and increase cost, which will impact profitability. Additionally, with so much capacity added in 2021 and 2022, it remains to be seen what the demand scenario looks like in the next few years.The industry has however been beaten down over the last few months and is certainly worth more than its current value reflects, which could be a reason for considering these #3 (Hold) ranked stocks.Applied Materials (AMAT): This is one of the world’s largest suppliers of fabrication equipment for semiconductors, flat panel liquid crystal displays (LCDs), and solar photovoltaic (PV) cells and modules.Management has said that Applied Materials is seeing very strong order growth and is close to being ‘sold out for the year’ and that the outlook for 2023 is also very strong. It has also been transferring its parts and service revenue to the subscription model, locking in customers for the longer term.The Zacks Consensus Estimate for 2022 (ending October) is down 8 cents in the last 30 days while the 2023 estimate is up 47 cents, which could be increased conservatism stemming from the geopolitical crisis or a sign that some order/s got pushed out.The shares are up 7.6% over the past year.Being one of the leading players in the semi equipment space with major customers across important markets, the company is a beneficiary of strengthening demand in the industry, including in the red-hot China market.Price and Consensus: AMATImage Source: Zacks Investment ResearchLam Research Corporation (LRCX): Lam Research supplies wafer fabrication equipment for deposition, etching, cleaning and metrology, as well as related services that are used by semiconductor manufacturers in the front-end of the semiconductor manufacturing process.  The company has significant exposure to the memory segment (approximately two-thirds of its business), followed by foundry and then logic.SEMI expects 37% growth in 2022 with DRAM declining but 3D NAND moving higher. Management expects WFE spending of around $100 billion this year. Foundry/logic remains the strongest product segment for Lam.The company has been adding capacity in the U.S., Korea, Taiwan and Malaysia to cater to demand that remains extremely strong. But a string of problems including COVID-19, labor shortages, freight and logistics, cost escalation, and supply chain constraints are increasing cost.This stock has lost 9.9% of its value over the past year. The Zacks Consensus Estimates for 2022 earnings is down $1.63 (4.8%) in the last 60 days. The estimate for 2023 is up $1.27 (3.4%).Price and Consensus: LRCXImage Source: Zacks Investment Research Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMar 14th, 2022

ACM Research Reports Fourth Quarter and Fiscal Year 2021 Results

FREMONT, Calif., Feb. 25, 2022 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM" or the "Company") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2021. "2021 was an exceptional and transformative year for ACM, with solid financial performance, operational excellence, and execution of our strategic plan," said ACM's President and Chief Executive Officer Dr. David Wang. "Our results demonstrate the effectiveness of ACM's multi-product strategy, with strong growth from our flagship cleaning tools, and significant increases from electrochemical plating and advanced packaging products." Dr. Wang continued, "We expanded our customer base, ramped production of new products, and secured orders for evaluation tools from several major semiconductor manufacturers. In November, we raised $545 million in net proceeds through the STAR Market IPO of our subsidiary ACM Research Shanghai. We plan to deploy this capital to accelerate the introduction of new products, add resources to win new major global customers, and continue construction of our Lingang R&D center and production facility. We believe that the STAR Market listing, combined with the listing of ACM's Class A common stock on the Nasdaq Global Market, provides a strong foundation to accelerate our mission to become a global player in the semiconductor equipment industry." "Looking forward to 2022, we anticipate solid growth from our core cleaning products, a continuation of our strong electrochemical plating product cycle, and the initial ramp of our furnace products. We are committed to gaining additional share of the $8 billion market addressed by our current product offerings, and we believe we are on track to double our addressable market opportunity with the upcoming introduction of two new product categories."                   Three Months Ended December 31,   GAAP   Non-GAAP(1)     2021       2020       2021       2020     (dollars in thousands, except EPS) Revenue $ 95,142     $ 45,562     $ 95,142     $ 45,562   Gross margin   47.8 %     43.2 %     47.9 %     43.3 % Income from operations $ 19,126     $ 5,432     $ 20,420     $ 6,737   Net income attributable to ACM Research, Inc. $ 15,565     $ 8,529     $ 18,069     $ 6,230   Basic EPS $ 0.80     $ 0.46     $ 0.93     $ 0.34   Diluted EPS (2) $ 0.70     $ 0.39     $ 0.81     $ 0.29                                                     Year Ended December 31,   GAAP   Non-GAAP(1)     2021       2020       2021       2020     (dollars in thousands, except EPS) Revenue $ 259,751     $ 156,624     $ 259,751     $ 156,624   Gross margin   44.2 %     44.4 %     44.4 %     44.5 % Income from operations $ 38,702     $ 21,492     $ 43,819     $ 27,120   Net income attributable to ACM Research, Inc. $ 37,757     $ 18,780     $ 42,267     $ 23,798   Basic EPS $ 1.96     $ 1.03     $ 2.20     $ 1.31   Diluted EPS (2) $ 1.73     $ 0.89     $ 1.94     $ 1.12                                   (1)   Reconciliations to U.S. generally accepted accounting principles ("GAAP") financial measures from non-GAAP financial measures are presented below under "Reconciliation of GAAP to Non-GAAP Financial Measures." Non-GAAP financial measures exclude stock-based compensation and, with respect to net income (loss) attributable to ACM Research, Inc. and basic and diluted EPS, also exclude non-cash change in fair value of financial liabilities and unrealized gain on trading securities. (2)   Diluted EPS includes an impact of $108,000 in the fourth quarter and the full year 2021 from dilutive shares of ACM Research (Shanghai), Inc. Outlook For fiscal year 2022, the Company expects revenue to be in the range of $365 million to $405 million, an increase from guidance provided in a press release announcement made on January 4, 2022. This expectation assumes, among other factors, improvement with respect to the global COVID-19 pandemic and stability in US-China trade policy. The range of ACM's 2022 outlook reflects, among other things, various spending scenarios for the production ramps of key customers, the absence of unexpected disruptions in ACM's supply chain, and the timing of acceptances for first tools under evaluation in the field. Operating Highlights and Recent Announcements Shipments. Total shipments in 2021 were $372 million, versus $182 million in 2020. Total shipments in the fourth quarter of 2021 were $117 million, versus $67 million in the fourth quarter of 2020 and $99 million in the third quarter of 2021. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters. Orders for Ultra ECP map and Ultra ECP ap copper plating systems. In February 2022, ACM announced it had received volume purchase orders for 13 Ultra ECP map and 8 Ultra ECP ap copper plating systems, of which 10 tools are repeat orders from a top-tier Chinese foundry. The orders represent the first volume purchase order of ACM's Ultra ECP map systems. The customer has qualified the Ultra ECP map tool in 65 nm to 28 nm processes, where its performance met or exceeded requirements, and has ordered a significant number of tools for its production lines. Orders for Ultra C wb Wet bench Tools. In February 2022, ACM announced it had received volume purchase orders for 29 Ultra C wb wet bench tools for 300 mm wafer applications. The orders are from multiple China-based customers, and include repeat orders for 16 tools from an emerging foundry customer to support its ongoing fab expansion. Shipments are scheduled in two phases, beginning in the first half of 2022. Introduced Compound Semiconductor Tools. This new comprehensive tool set supports compound semiconductor manufacturing, which addresses growing demand from electric vehicle, 5G communication and AI markets. ACM's 150mm-200mm bridge systems support front-end cleaning and a wide range of advanced wafer-level packaging applications for compound semiconductors, including gallium arsenide (GaAs), gallium nitride (GaN) and silicon carbide (SiC) processes. The wet process portfolio includes coater, developer, photoresist (PR) stripper, wet etcher, cleaner and metal plating tools. In January 2022, ACM announced it had delivered one Ultra C wet etch tool and two electrochemical plating (ECP) GIII tools and received a purchase order for two Ultra C PR wet stripping systems from a leading global integrated device manufacturer. Orders for SAPS Single-Wafer-Cleaning Tools. In December 2021, ACM announced it had received orders for Ultra C SAPS V 12-chamber cleaning tools from a major U.S.-based global semiconductor manufacturer. Both tools are expected to be installed in the prospective customer's U.S. facilities for use in its advanced processes. The orders, scheduled for delivery in the first half of 2022, include an evaluation tool to further confirm the tool's cleaning performance and a production tool intended for a high-volume manufacturing line. Completion of ACM Shanghai's STAR Market IPO and Shares Listing. ACM Shanghai completed its IPO process and started trading on the Shanghai Stock Exchange's Sci-Tech innovAtion boaRd (the STAR Market), under the stock code: 688082, on November 18, 2021. In its IPO ACM Shanghai issued 43,355,753 shares, representing 10% of the total 433,557,100 shares outstanding after the IPO. The shares were issued at a public offering price of RMB 85.00 per share, and the gross proceeds of the IPO totaled RMB 3.685 billion (US$577 million based on November 17, 2021 currency exchange rates). Full Year 2021 Financial Summary Revenue for 2021 was $259.8 million, up 66% from 2020, reflecting a 44% increase in revenue from single wafer cleaning, Tahoe and semi-critical cleaning equipment, a 149% increase in revenue from ECP, furnace and other technologies, and a 210% increase in revenue from advanced packaging (excluding ECP), services and spares. Gross margin for 2021 was 44.2%, versus 44.4% in 2020. Non-GAAP gross margin, which excludes stock-based compensation, was 44.4%, versus 44.5% in 2020. Gross margin was within the range of 40% to 45% reflected in the Company's long-term business model. The Company expects gross margin to vary from period to period due to a variety of factors, such as sales volume and product mix. Operating expenses for 2021 were $76.2 million, compared to $48.1 million in 2020. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $71.4 million, compared to $42.7 million in 2020. The increase in operating expenses for 2021 was due to higher research and development spending on new products.   Operating income for 2021 was $38.7 million, compared to $21.5 million in 2020. Operating income as a percent of revenue was 14.9% in 2021 versus 13.7% in 2020. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $43.8 million, compared to $27.1 million in 2020. Unrealized gain on trading securities for 2021 was $0.6 million. The gain reflects the change in market value of ACM Shanghai's indirect investment in STAR Market IPO shares of Semiconductor Manufacturing International Corporation (SMIC), which began trading in mid-July 2020. The value was marked-to-market at year-end and is excluded from non-GAAP results. Net income attributable to ACM Research, Inc. for 2021 was $37.8 million, compared to $18.8 million in 2020. Non-GAAP net income attributable to ACM Research, Inc. in 2021, excluding the effect of stock-based compensation, non-cash change in fair value of financial liabilities, and unrealized gain on trading securities, was $42.3 million as compared to $23.8 million in 2020. Tax items (compared to a normalized tax rate), and the effects of foreign-exchange fluctuations on operating results provided net benefits of $4.9 million and $0.9 million in 2021 and 2020, respectively. Net income per diluted share attributable to ACM Research, Inc. for 2021 was $1.73, compared to $0.89 in 2020. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation, non-cash change in fair value of financial liabilities, and unrealized gain on trading securities, was $1.94 in 2021, compared to $1.12 in 2020. Tax items and effects of foreign-exchange fluctuations on operating results provided net benefits per share of $0.23 and $0.04 in 2021 and 2020, respectively. Cash and cash equivalents at December 31, 2021 were $563.1 million, versus $71.8 million at December 31, 2020. In addition, at December 31, 2021, ACM Shanghai's STAR Market equity investment in SMIC at December 31, 2021 had a fair value of $29.5 million. Fourth Quarter 2021 Financial Summary Revenue in the fourth quarter of 2021 was $95.1 million, up 109% year over year, reflecting a 68% increase in revenue from single wafer cleaning, Tahoe and semi-critical cleaning equipment, a 386% increase in revenue from ECP, furnace and other technologies, and a 189% increase in revenue from advanced packaging (excluding ECP), services and spares. Gross margin in the fourth quarter of 2021 was 47.8%, up from 43.2% in the same period of 2020. Non-GAAP gross margin, which excludes stock-based compensation, was 47.9%, versus 43.3% in 2020. Gross margin exceeded the high end of the range of 40% to 45% set forth in the Company's long-term business model. The Company expects gross margin to vary from period to period due to a variety of factors, such as sales volume and product mix. Operating expenses in the fourth quarter of 2021 were $26.3 million, up from $14.2 million in the fourth quarter of 2020. Non-GAAP operating expenses, which exclude the effects of stock-based compensation, were $25.1 million, compared to $13.0 million in the fourth quarter of 2020. The increase in operating expenses for the fourth quarter of 2021 was due to higher research and development spending on new products.   Operating income in the fourth quarter of 2021 was $19.1 million, up from $5.4 million in the fourth quarter of 2020. Operating income as a percent of revenue was 20.1% in the fourth quarter of 2021 versus 11.9% in the same period of 2020. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $20.4 million, compared to $6.7 million in the fourth quarter of 2020. Unrealized loss on trading securities was $1.2 million in the fourth quarter of 2021. The loss reflects the change in market value of ACM Shanghai's indirect investment in STAR Market IPO shares of SMIC, which began trading in mid-July 2020. The value was marked-to-market at quarter-end and is excluded from non-GAAP results. Net income attributable to ACM Research, Inc. in the fourth quarter of 2021 was $15.6 million, compared to $8.5 million in the fourth quarter of 2020. Non-GAAP net income attributable to ACM Research, Inc. in the fourth quarter of 2021, excluding the effect of stock-based compensation, and unrealized gain on trading securities, was $18.1 million as compared to $6.2 in the fourth quarter of 2020. Equity income in net income of affiliates contributed $3.6 million in the fourth quarter of 2021, due in part to an investment-related gain from ACM Shanghai's participation in a limited partnership, as compared to $0.1 million in the fourth quarter of 2020. Tax-related items (compared to a normalized tax rate) and the effects of foreign-exchange fluctuations on operating results provided a net benefit of $0.2 million and $0.9 million in the fourth quarters of 2021 and 2020, respectively. Net income per diluted share attributable to ACM Research, Inc. in the fourth quarter of 2021 was $0.70, compared to $0.39 in the fourth quarter of 2020. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain on trading securities, was $0.81 in the fourth quarter of 2021, compared to $0.29 in the fourth quarter of 2020. Tax items and effects of foreign-exchange fluctuations on operating results provided a net benefit per share of $0.01 and $0.04 in the fourth quarters of 2021 and 2020, respectively. Conference Call Details A conference call to discuss results will be held on Friday, February 25, 2022, at 8:00 a.m. Eastern Time (9:00 p.m. China Time). Dial-in details for the call are as follows. Please reference conference ID 9396606.   Phone Number Toll-Free Number United States +1 (661) 567-1217 +1 (833) 562-0137 Hong Kong +852 5819 4851 +852 8009 66253 Mainland China +86 8008700169+86 4006828609   A recording of the webcast will be available on the investor page of the ACM website at www.acmrcsh.com for one week following the call. Use of Non-GAAP Financial Measures ACM presents non-GAAP gross margin, operating expenses, operating income, net income (loss) attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM's operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted EPS exclude non-cash change in fair value of financial assets and liabilities and unrealized gain on trading securities, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under "Reconciliation of Non-GAAP to GAAP Financial Measures." ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information. While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM's consolidated financial statements prepared in accordance with GAAP. Forward-Looking Statements Certain statements contained in the second, third and fourth paragraphs of this press release, under the heading "Outlook" above, and in the third and fifth bullet under "Operating Highlights and Recent Announcements" above are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the intent, belief and current expectations with respect to: the demand for ACM's tools, including specifically in fiscal year 2022; the expansion in 2022 of ACM's product offering, production capacity and base of major customers; and the timing and ability of ACM to secure orders from new customers. Those statement are expectations only, reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the following, any of which could be exacerbated even further by the continuing COVID-19 outbreak in China and globally: anticipated customer orders or identified market opportunities may not grow or develop as anticipated; customer orders already received may be postponed or canceled; ACM may be unable to obtain the qualification and acceptance of its delivered tools when anticipated or at all, which would delay or preclude ACM's recognition of revenue from the sale of those tools; suppliers may not be able to meet ACM's demands on a timely basis; ACM's technologies and tools may not gain market acceptance; ACM may be unable to compete effectively by, among other things, enhancing its existing tools, adding additional production capacity and engaging additional major customers; volatile global economic, market, industry and other conditions could result in sharply lower demand for products containing semiconductors and for the Company's products and in disruption of capital and credit markets; trade regulations, currency fluctuations, political instability and war may materially adversely affect ACM due to its substantial non-U.S. customer and supplier base and its substantial non-U.S. manufacturing operations. ACM cannot guarantee any future results, levels of activity, performance or achievements. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations regarding these forward-looking statements or the occurrence of unanticipated events. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, stress-free polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company is committed to delivering customized, high performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. © ACM Research, Inc. SAPS, ULTRA C and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to the trademarks. For investor and media inquiries, please contact:     In the United States: The Blueshirt Group   Yujia Zhai   +1 (860) 214-0809   yujia@blueshirtgroup.com     In China: The Blueshirt Group Asia   Gary Dvorchak, CFA   +86 (138) 1079-1480   gary@blueshirtgroup.com ACM RESEARCH, INC.   Condensed Consolidated Balance Sheets               December 31, 2021   December 31, 2020     (Unaudited)     (In thousands, except share and per share data)   Assets         Current assets:         Cash and cash equivalents $ 563,067   $ 71,766   Trading securities   29,498     28,239   Accounts receivable, less allowance for doubtful accounts of $0 as of December 31, 2021 and December 31, 2020   105,553     56,441   Income tax recoverable   1,082     -   Other receivables   18,979     9,679   Inventories   218,116     88,639   Prepaid expenses   16,639     5,892           Total current assets   952,934     260,656   Property, plant and equipment, net   14,042     8,192   Land use right, net   9,667     9,646   Operating lease right-of-use assets, net   4,182     4,297   Intangible assets, net   477     554   Deferred tax assets   13,166     11,076   Long-term investments   12,694     6,340   Other long-term assets   45,017     40,496                            Total assets   1,052,179     341,257   Liabilities and Stockholders' Equity         Current liabilities:         Short-term borrowings   9,591     26,147   Current portion of long-term borrowings   2,410     1,591       Accounts payable   101,350     35,603   Advances from customers   52,824     17,888   Deferred revenue   3,180     1,343   Income taxes payable   254     31   FIN-48 payable   2,282     83   Other payables and accrued expenses   31,735     18,805   Current portion of operating lease liability   2,313     1,417               Total current liabilities   205,939     102,908       Long-term borrowings   22,957     17,979   Long-term operating lease liability   1,869     2,880       Deferred tax liability   1,302     1,286       Other long-term liabilities   8,447     8,034  .....»»

Category: earningsSource: benzingaFeb 25th, 2022

Onto Innovation (ONTO) to Benefit From Strong Order Backlog

Onto Innovation (ONTO) announces that the company has a total order backlog of $500 million. Onto Innovation Inc ONTO recently announced a total order backlog of $500 million. The order backlog includes $100 million for lithography and inspection products, which are witnessing high demand in the fast growing heterogeneous packaging sector, noted the company.Onto Innovation has secured orders for its latest JetStep X500 lithography system solution worth $100 million. The solution is capable of high-volume manufacturing for the heterogeneous integration for applications across various domains like a mobile device, automotive, high-performance computing, advanced packaging and medical. Shipments of the JetStep X500 lithography system are due in 2022 and 2023.The company is also witnessing strong demand for its Dragon G3 Inspection system. It has secured orders worth $12 million for the Dragon G3 Inspection system. The Dragonfly G3 platform provides sub-micron sensitivity and higher throughput using hybrid bonding as against the prior generation along with Onto Innovation’s Clearfind technology. The platform’s ability to produce data streams that detect defects makes this system an valuable tool in emerging areas of 5G, artificial intelligence and high-performance computing.Momentum in Heterogeneous Packaging Bodes WellOverall, the advanced packaging market is set to witness a CAGR of 7.8% between 2021 and 2026 and reach $38.16 billion, according to a report from Mordor Intelligence. Onto Innovation Inc. Price and Consensus Onto Innovation Inc. price-consensus-chart | Onto Innovation Inc. QuoteWithin the packaging market, heterogeneous packaging is witnessing solid growth as it delivers the higher performance required for data-center and mobile processors along with edge compute processors. It also aids in delivering improved performance for advanced specialty packages for latest radio frequency and image sensors, noted Onto Innovation.These projections bode well for Onto Innovatio, one of the leading players in the semiconductor equipment industry. The company’s products are utilized in various high technology industries, such as silicon wafer substrates, power devices and data storage. The company aids customers to solve their device performance quality and reliability issues, backed by years of technical expertise.Onto Innovation specializes in the design, manufacture and marketing of process control systems for 2D and 3D macro inspection, optical critical dimension metrology and wafer inspection.In the last reported quarter, the company generated record-high revenues of $200.6 million compared with $126.5 million in the year-ago quarter. This was the result of the increased adoption of new products along with a solid demand environment for both front-end and back-end products.For the fourth quarter of 2021, the company expects revenues in the range of $210-$220 million compared with the prior-guided range of $190-$200 million.Zacks Rank & Stocks to ConsiderAt present, Onto Innovation carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology sector include Salesforce CRM, Hewlett Packard HPE and Microsoft MSFT. While Salesforce and Hewlett Packard sport a Zacks Rank #1 (Strong Buy), Microsoft carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Salesforce’s fiscal 2022 earnings is pegged at $4.68 per share, up 6.4% in the past 60 days. The long-term earnings growth rate is pegged at 16.8%.Salesforce’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 44.2%. Shares of CRM have increased 10.3% in the past year.The Zacks Consensus Estimate for Hewlett Packard’s fiscal 2022 earnings is pegged at $2.03 per share, unchanged in the past 60 days. The long-term earnings growth rate is pegged at 5.8%.Hewlett Packard’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 14.4%. Shares of HPE have rallied 37.4% in the past year.The Zacks Consensus Estimate for Microsoft’s fiscal 2022 earnings is pegged at $9.13 per share. The long-term earnings growth rate is pegged at 12%.Microsoft’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 14.8%. Shares of MSFT have surged 49.4% in the past year. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Onto Innovation Inc. (ONTO): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 13th, 2022

More Taiwan suppliers join TSMC in IC industry cluster in Arizona

More Taiwan-based suppliers are looking to join TSMC in the IC industry cluster in Arizona, the US, where the foundry is constructing an advanced wafer fab, according to industry sources......»»

Category: topSource: digitimesJan 1st, 2022

Industry watch: The expensive semiconductor game

DIGITIMES estimates that it costs US$2.4 billion to build a 12-inch wafer fab using the 90nm process node with a monthly output of 50,000 wafers. The investment can reach US$6 billion for a 28nm fab and US$16 billion for the currently most advanced 5nm fab......»»

Category: topSource: digitimesDec 21st, 2021

FormFactor (FORM) Boosts Probe Card Efforts With New Facility

FormFactor (FORM) announces the opening of a new probe card manufacturing facility in Livermore, CA, in a bid to bolster its presence in the United States. FormFactor FORM is leaving no stone unturned to expand semiconductor wafer probe card production.This is evident from the recent opening of the company’s new probe card manufacturing facility in Livermore, CA.The latest facility covering an area of 90,000 square feet provides manufacturing space for wafer probe cards and equipment required to test semiconductor chips as well as meet the rising demand for advanced packaging.The recent move bodes well for FORM’s commitment to invest $70-$80 million in expanding manufacturing capacity in 2021.Apart from the new facility, Formfactor operates three more probe card manufacturing facilities located in Carlsbad, CA, Baldwin Park, CA and Beaverton, OR.FormFactor, Inc. Price and Consensus FormFactor, Inc. price-consensus-chart | FormFactor, Inc. QuoteProspects to Aid FormFactorWith the latest initiative, FormFactor strives to strengthen the probe card segment and expand its presence in the booming probe card market.The probe card market is witnessing significant growth worldwide, owing to the growing usage of probe cards in manufacturing electronic products. Also, the development of newer technologies is creating growth opportunities in this market.According to a report by The Insight Partners, the underlined market is expected to hit $3.4 billion by 2028 from $2.2 billion in 2021, witnessing a CAGR of 6.7% during the 2021-2028 period.Further, the global probe card market is likely to touch $2.2 billion by 2026, progressing at a CAGR of 4% between 2021 and 2026, per 360 Research Reports.Bottom LineThe recent move is in sync with the company’s growing efforts toward gaining further momentum across the semiconductor manufacturing space on the back of its expanding portfolio.Further, FormFactor’s strong initiatives toward maintaining accuracy, speed and frequency of the probe card remain a positive.Apart from the recent effort, the company previously collaborated with Northrop Grumman NOC for developing a new probe system that operates at 4 Kelvin and below. This increased the scale of production required for developing superconducting compute applications.It is worth mentioning that the partnership with NOC has expanded FormFactor’s portfolio of probe systems and boosted its presence in the cryogenic test and measurement space.These initiatives are expected to continue contributing positively to the company’s top-line growth in the upcoming period.Zacks Rank & Stocks to ConsiderCurrently, FormFactor carries a Zacks Rank #3 (Hold).Investors interested in the broader technology sector can consider stocks like Advanced Micro Devices AMD and Mimecast Limited MIME, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 51.2% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.Mimecast has gained 39% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 35%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 17th, 2021

Lam Research (LRCX) Boosts Etch Capabilities With Syndion GP

Lam Research (LRCX) expands its reach to chipmakers by introducing Syndion GP, which offers deep silicon etch capabilities. Lam Research LRCX has rolled out a etch solution, namely Syndion GP, in order to expand its reach to the semiconductor industry.Notably, the solution, which is backed by Lam Research’s deep silicon etch capabilities, allows chipmakers to meet the precision control as well as improved productivity for high-volume manufacturing processes with flexibility.It helps chipmakers develop advanced power devices and power management integrated circuits by offering them deep silicon etch capabilities.Further, Syndion GP provides a smooth transition path to increased production capacity in the case of power devices manufacturing as it can be configured at 200 mm and 300 mm wafer sizes.We note that the unveiling of Syndion GP has added strength to the company’s deep silicon etch capabilities.Lam Research Corporation Revenue (TTM)  Lam Research Corporation revenue-ttm | Lam Research Corporation Quote Move to BenefitWe believe that the latest move will help Lam Research in gaining traction among chipmakers as Syndion GP is well-equipped to support chipmakers in addressing the growing demand for next-generation power devices. This, in turn, will aid top-line growth of the company.Moreover, the new solution seamlessly takes care of the precision manufacturing process, which is highly required in specialty devices used in the automotive, electric power delivery and energy industries. Hence, Lam Research is likely to gain a strong footprint in these industries on the back of Syndion GP.The move has bolstered the company’s suite of specialty technology offerings such as power devices, radio frequency IC solutions, micro-electromechanical systems, optoelectronic devices, analog and mixed-signal semiconductors, and CMOS image sensors.This, in turn, is expected to aid the adoption rate of Syndion GP across consumers, and industrial technologies and applications like 5G, IoT and electric vehicles, among others.Apart from this, the move has expanded Lam Research’s deep silicon etch portfolio, which includes 200 mm DSiE platform and 300 mm Syndion GS.Therefore, the latest move is likely to aid Lam Research to bolster its presence in the semiconductor etch market. Per a report by Mordor Intelligence, this particular market is expected to witness a CAGR of 3.9% between 2021 and 2026.Zacks Rank & Other Stocks to ConsiderCurrently, Lam Research carries a Zacks Rank #2 (Buy).Investors interested in the broader technology sector can consider stocks like Advanced Micro Devices AMD, Mimecast Limited MIME and TaskUs TASK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 51.6% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.Mimecast has gained 31.9% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 35%.TaskUs has gained 25.7% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 32.8%. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report TaskUs, Inc. (TASK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 9th, 2021

Onto (ONTO) Appears a Key Pick With Sustainable Business Focus

With healthy fundamentals and sustainable business practices, Onto Innovation (ONTO) appears to be a solid investment option at the moment. Shares of Onto Innovation Inc. ONTO have surged 109.4% over the past year, driven by healthy revenues on the back of a flexible business model and solid market response for cost-effective solutions. Earnings estimates for the current and next fiscal year have increased 46.9% and 37.5%, respectively, over the past year, implying strong growth potential. Onto has reaffirmed its commitments toward corporate social responsibility and sustainable business practices to realize its goal of being a more ESG (environmental, social, and governance) focused company. With healthy fundamentals, this Zacks Rank #2 (Buy) consumer and electronic equipment manufacturer appears to be a solid investment option at the moment.Image Source: Zacks Investment ResearchGrowth DriversHeadquartered in Wilmington, MA, Onto operates as the leading manufacturer of avant-garde process control tools that perform macro defect inspections and metrology, and lithography systems. As a global leader of process and yield management solutions, the company plays a significant role in designing, manufacturing and marketing process control systems for 2D and 3D macro inspection, optical critical dimension metrology and wafer inspection. It boasts a broad portfolio of leading-edge technologies — metal interconnect composition, factory analytics and lithography for advanced semiconductor packaging. Also, it develops innovative analytical software for certain industrial applications.With state-of-the-art inspection, measurement and data analysis solutions, Onto reduces operating costs and accelerates product and process development. This enables customers to get first-hand access to premium products at optimum prices. The company has an extensive geographical footprint and supports a diverse range of customers in more than 20 countries. It is one of the few companies that are an end-to-end supplier of products and applications, ranging from un-patterned wafer quality to advanced packaging lithography, with enterprise software solutions spanning across the entire value chain. The company believes that its evolving product portfolio and surging customer base are the cornerstones of its long-term growth across diverse markets.Onto invests in research and development to provide differentiated products and services, which adds value to its manufacturing processes. Backed by its expertise in core technologies of optics and software, the rapid and ongoing development of new products and enhancements to existing products enable it to quickly respond to dynamic industry trends as well as competitive challenges. It caters to various markets such as Bare Wafer, Image Sensors, Flat Panel Display, Probe Test and RF/MEMS (radio-frequency/microelectromechanical system), among others.The company has enhanced its product inspection and detection portfolio with the launch of the Dragonfly G3 inspection platform. Designed to meet the most advanced 2D and 3D sensitivity requirements for advanced packaging and specialty device manufacturers, the product is likely to be a boon in identifying low contrast defects that hitherto went unnoticed. Notably, the Dragonfly G3 platform offers sub-micron sensitivity for complex packaging designs requiring redistribution lines to the tune of 1µm. Such high-tech product attributes have become more relevant with the growing specialty device market, including next-generation power devices, RF filters and amplifiers. These products require impeccable quality standards and process control equipment beyond legacy systems' capabilities to detect smaller and new defect types. The Dragonfly G3 platform perfectly fits the bill with highly sensitive tools, providing repeatable and accurate data for high-precision product materials. The product has already garnered significant interest among customers and resulted in multiple orders from unnamed third-party packaging and test services providers and image sensor manufacturers.  With a VGM Score of B, the stock delivered a positive earnings surprise of 20.8%, on average, in the trailing four quarters. Onto is housed within the Nanotechnology industry, which carries a Zacks Industry Rank #24, which places it among the top 9% of more than 250 Zacks industries. The stock’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Consequently, the stock appears to be an enticing investment option in the volatile market.Other Key PicksAnother top-ranked stock in the broader industry is Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Clearfield delivered an earnings surprise of 50.8%, on average, in the trailing four quarters. Earnings estimates for the current year for the stock have moved up 68.2% since January 2021. Over the past year, Clearfield has gained a solid 168.1%.Qualcomm Incorporated QCOM, carrying a Zacks Rank #2, is another solid pick for investors. It has a long-term earnings growth expectation of 15.3% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.Earnings estimates for the current year for the stock have moved up 35.4% over the past year. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks for digital transformation in the cloud economy.Sierra Wireless, Inc. SWIR carries a Zacks Rank #2. It has a long-term earnings growth expectation of 12.5% and delivered an earnings surprise of 34.2%, on average, in the trailing four quarters.Over the past year, Sierra Wireless has gained 9.4%. The company continues to launch innovative products for business-critical operations that require high security and optimum 5G performance. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Sierra Wireless, Inc. (SWIR): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report Onto Innovation Inc. (ONTO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

GlobalFoundries Reports Third Quarter 2021 Financial Results

MALTA, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced financial results for the third quarter ended September 30, 2021. Key Third Quarter Financial Highlights Revenue of $1.7 billion, up 5% sequentially, reflecting ongoing demand for our differentiated technologies Record gross margins of 17.6% and adjusted gross margins of 18%. Record adjusted EBITDA margins of 30% which grew 84% year-over-year demonstrating continued progress to our target operating model. Cash flows from operations of $1.1 billion. "The third quarter marked the ongoing acceleration of our strategy to lead in the pervasive semiconductor market and demonstrated continued progress towards our target financial model," said Tom Caulfield, CEO of GF. "Our revenue growth was primarily driven by higher wafer output and continued improvement in mix as our differentiated solutions become a larger portion of our total business. We expect continued revenue and profit growth in the fourth quarter. We are also excited to begin our journey as a public company. Our IPO in October was an outcome of more than a decade of dedication and commitment of our more than 15,000 employees to build an at-scale global semiconductor manufacturer with strong technological differentiation." Summary Quarterly Results (in millions USD, except per share amounts)1                 Year-over-year   Sequential     Q3'20   Q2'21   Q3'21   Q3'20 vs Q3'21   Q2'21 vs Q3'21                               Revenue   $1,091   $1,620   $1,700   $609   56%   $80   5% Gross profit (loss)   ($134)   $231   $300   $434   325%   $69   30% Adjusted gross profit (loss)   ($134)   $267   $306   $440   329%   $39   15% Adjusted gross margin   (12%)   16%   18%       +3029bps       +155bps Operating profit (loss)   ($350)   ($103)   $52   $402   115%   $155   150% Adjusted operating profit (loss)   ($350)   $41   $81   $431   123%   $40   98% Adjusted operating margin   (32%)   3%   5%       +3684bps       +224bps Net income (loss)   ($293)   ($174)   $5   $299   102%   $179   103% Adjusted net income (loss)   ($293)   ($30)   $34   $328   112%   $64   213% Adjusted net income (loss) margin   (27%)   (2%)   2%       +2891bps       +386bps Basic and diluted earnings per share (EPS)   ($0.58)   ($0.35)   $0.01   $0.59   102%   $0.36   103% Adjusted EPS   ($0.58)   ($0.06)   $0.07   $0.65   112%   $0.13   217% Adjusted EBITDA   $275   $466   $505   $230   84%   $39   8% Adjusted EBITDA margin   25%   29%   30%       +450bps       +96bps Cash from operations   $267   $434   $1,109   $842   315%   $675   156% Wafer shipments (300MM Equivalent)   478   595   609     131   27%     14   2%       1Any discrepancies in totals or in percentages are due to rounding. Key Recent Business Highlights: GF began trading on the Nasdaq Stock Market under the ticker "GFS" on October 28. GF and Qualcomm signed an agreement to extend the companies' successful collaboration to deliver advanced 5G RF front-end products. GF 22FDX™ platform is Auto Grade 1 qualified at Fab 1 in Dresden, Germany. GF set a "Journey to Zero Carbon" goal to reduce greenhouse gas emissions by 25% from 2020 to 2030 GF appointed Elissa Murphy to its Board of Directors. Ms. Murphy is currently a vice president of Engineering at Google, and previously served as the chief technology officer and executive vice president of Cloud Platforms at GoDaddy. Summary of Fourth Quarter 2021 Outlook: Revenue expected to be $1,800 million to $1,830 million. Gross profit expected to be $335 ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaNov 30th, 2021

Advanced Energy (AEIS) Boosts Portfolio With 4100T Pyrometer

Advanced Energy (AEIS) introduces the Sekidenko 4100T pyrometer, which provides a high level of accuracy in temperature measurement. Advanced Energy AEIS is making strong efforts to strengthen the temperature measurement portfolio by adding new products to the same.The company’s recent introduction of the Sekidenko 4100T pyrometer validates the abovementioned fact.The 4100T optical fiber thermometer is an upgrade to the company’s OR4000T and provides a high level of accuracy in temperature measurement.It is to be noted that 4100T helps customers to simultaneously measure up to four different temperatures, thus minimizing the need for too many control boxes.The pyrometer offers a read speed of up to 1 kHz per channel, enabling quick thermal response to improve temperature control. Also, it maintains the uniformity of leading-edge semiconductor and adjacent thin-film applications.In addition, this optical fiber thermometer works as an ultimate solution for applications, wherein the wafer is in motion or is being processed at very high temperatures or high ramp rates.Advanced Energy Industries, Inc. Price and Consensus Advanced Energy Industries, Inc. price-consensus-chart | Advanced Energy Industries, Inc. QuoteLatest Product to Boost ProspectsThe recent move will help Advanced Energy to expand its presence in the booming pyrometer market.The market has been witnessing a significant rise owing to the increasing importance of contact-less temperature measurement instruments and the growing popularity of application-specific pyrometers.Further, the increasing demand for high-precision temperature measurement in industries including metals, metal oxides and ceramics is leading to the growing adoption of pyrometers. This is also propelling the market.Per a report by Markets and Markets, the pyrometer market is expected to hit $464 million by 2025, witnessing a CAGR of 7.3% between 2020 and 2025.Expanding Portfolio of SolutionsThe latest move bodes well for the company’s growing initiatives to expand its portfolio of technologically advanced solutions for various applications.Apart from the recent launch, the company introduced the TEGAMLink T2.0 mobile application to the TEGAM 930 Series Bluetooth thermometers for pharmaceutical and food safety applications.It also introduced AVD200-48S12, an ultra-small, high power density DC-DC power converter. Its efficient and cost-reducing feature makes it suitable for 5G digital communication modules, power-over-ethernet, and optical network applications in telecommunications as well as data communications.Advanced Energy also launched the Artesyn AIF06ZPFC series, a power factor correction module. It has greater efficiency and advanced features suitable for high-voltage equipment such as medical devices, unmanned aerial and terranean vehicles as well as industrial applications.Further, it introduced a new product, Paramount HP 10013 power generator, in the Paramount RF power generator product group, which is used for semiconductor and industrial thin-film applications.Zacks Rank & Stocks to ConsiderCurrently, Advanced Energy carries a Zacks Rank #3 (Hold).Investors interested in the broader technology sector can consider stocks like Advanced Micro Devices AMD, Mimecast Limited MIME and TaskUs TASK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 72.1% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.Mimecast has gained 43.4% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 35%.TaskUs has gained 50.9% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 32.8%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report TaskUs, Inc. (TASK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Equipment maker ACM debuts on China STAR market

ACM Research, a supplier of wafer cleaning technologies for advanced semiconductor devices, has had its Shanghai-based subsidiary start trading on the science and technology innovation board (STAR) of China's Shanghai Stock Exchange (SSE) recently......»»

Category: topSource: digitimesNov 26th, 2021