Winners And Losers Of Q4: Amkor (NASDAQ:AMKR) Vs The Rest Of The Semiconductor Manufacturing Stocks

Looking back on semiconductor manufacturing stocks' Q4 earnings, we examine this quarter's best and worst performers, including Amkor (NASDAQ:AMKR) and its peers.

The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment.

The 14 semiconductor manufacturing stocks we track reported a mixed Q4; on average, revenues beat analyst consensus estimates by 2.4% while next quarter's revenue guidance was 5.6% below consensus. Stocks have faced challenges as investors prioritize near-term cash flows, but semiconductor manufacturing stocks held their ground better than others, with the share prices up 8.8% on average since the previous earnings results.

Amkor (NASDAQ:AMKR)

Operating through a largely Asian facility footprint, Amkor Technologies (NASDAQ:AMKR) provides outsourced packaging and testing for semiconductors.

Amkor reported revenues of $1.75 billion, down 8.1% year on year, topping analyst expectations by 2.1%. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter.

“In 2023, amid a cyclical downturn, Amkor outperformed the semiconductor industry by maintaining our strategic focus on Advanced packaging,” said Giel Rutten, Amkor’s president and chief executive officer.

The stock is down 1.5% since the results and currently trades at $31.81.

Read our full report on Amkor here, it's free.

Best Q4: Nova (NASDAQ:NVMI)

Headquartered in Israel, Nova (NASDAQ: NVMI) is a provider of quality control systems used in semiconductor manufacturing.

Nova reported revenues of $134.2 million, down 11.3% year on year, outperforming analyst expectations by 4.8%. It was a very strong quarter for the company, with an impressive beat of analysts' EPS estimates and a significant improvement in its inventory levels.

The stock is up 13.1% since the results and currently trades at $178.1.

Is now the time to buy Nova? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Kulicke and Soffa (NASDAQ:KLIC)

Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices

Kulicke and Soffa reported revenues of $171.2 million, down 2.9% year on year, falling short of analyst expectations by 0.5%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.

The stock is up 0.4% since the results and currently trades at $50.47.

Read our full analysis of Kulicke and Soffa's results here.

Photronics (NASDAQ:PLAB)

Sporting a global footprint of facilities, Photronics (NASDAQ:PLAB) is a manufacturer of photomasks, templates used to transfer patterns onto semiconductor wafers.

Photronics reported revenues of $216.3 million, up 2.5% year on year, falling short of analyst expectations by 1.7%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.

Photronics had the weakest performance against analyst estimates among its peers. The stock is down 7.9% since the results and currently trades at $28.78.

Read our full, actionable report on Photronics here, it's free.

Lam Research (NASDAQ:LRCX)

Founded in 1980 by David Lam, who pioneered semiconductor etching technology, Lam Research (NASDAQ:LCRX) is one of the leading providers of the wafer fabrication equipment used to make semiconductors.

Lam Research reported revenues of $3.76 billion, down 28.8% year on year, surpassing analyst expectations by 1.4%. It was a strong quarter for the company, with a significant improvement in its inventory levels and a solid beat of analysts' EPS estimates.

Lam Research had the slowest revenue growth among its peers. The stock is up 16.4% since the results and currently trades at $988.

Read our full, actionable report on Lam Research here, it's free.

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