Four Small Cap Semiconductor Ideas To Look At During AI Boom
Portfolio Pulse from Hayden Buckfire
Needham analyst Charles Shi issued Buy ratings for four small-cap semiconductor companies: Entegris Inc (NASDAQ:ENTG), BE Semiconductor Industries NV (AMS: BESI), Veeco Instruments Inc. (NASDAQ:VECO), and Ultra Clean Holdings Inc (NASDAQ:UCTT). Shi believes AI-driven multiple expansions will sustain valuations, despite concerns about slower WFE growth. The analyst provided price targets and highlighted potential EPS upward revisions for these companies.
May 28, 2024 | 4:37 pm
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Needham analyst Charles Shi issued a Buy rating for Entegris Inc (NASDAQ:ENTG) with a price target of $150. The analyst expects EPS upward revisions, making the stock look increasingly cheap.
The analyst's Buy rating and price target of $150 suggest a positive outlook for Entegris. Expected EPS upward revisions could drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham analyst Charles Shi issued a Buy rating for Ultra Clean Holdings Inc (NASDAQ:UCTT) with a price target of $56. The analyst sees the company's low multiple expansion as a promising trade.
The analyst's Buy rating and price target of $56 suggest a positive outlook for Ultra Clean Holdings. The company's low multiple expansion makes it a promising trade.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Needham analyst Charles Shi issued a Buy rating for Veeco Instruments Inc. (NASDAQ:VECO) with a price target of $46. The analyst sees strong execution and low expectations as positives for the stock.
The analyst's Buy rating and price target of $46 suggest a positive outlook for Veeco Instruments. Strong execution and low expectations could lead to upward EPS revisions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100