Semiconductor manufacturing stocks Q3 results: Marvell Technology (NASDAQ:MRVL) firing on all cylinders
The end of earnings season is always a good time to take a step back and see who shined (and who didn’t shine as much). Let’s take a look at how semiconductor manufacturing stocks performed in the third quarter, starting with Marvell Technology (NASDAQ:MRVL).
The semiconductor industry is driven by demand for advanced electronic products such as smartphones, PCs, servers, and data storage. The need for technologies such as artificial intelligence, 5G networks, and smart cars are also creating the next wave of growth in the industry. Keeping up with this dynamism requires new tools to design, manufacture, 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 satisfactory results in the third quarter. For the group as a whole, revenue exceeded analysts’ consensus estimates by 2%, while revenue guidance for the next quarter was 1.3% lower.
Some semiconductor manufacturing stocks are doing a little better than others, but overall they’re down. Shares have declined an average of 1.3% since the latest earnings report.
In one of the biggest semiconductor business model shifts in the last decade, moving away from low-margin storage device management chips, Marvell Technology (NASDAQ: MRVL) He is a fabless designer of data processing and networking chips. , Corporate, Automotive.
Marvell Technology reported revenue of $1.52 billion, an increase of 6.9% year over year. The results beat analysts’ expectations by 4%. Overall, it was an exceptional quarter for the company, with a significant improvement in inventory levels and earnings guidance for the next quarter that exceeded analysts’ expectations.
Marvell Technology Total Revenue
Interestingly, the stock price has increased 12% since the report and is currently trading at $107.48.
Is now the time to buy Marvell Technology? A complete analysis of our financial results is available for free here.
Teradyne (NASDAQ:TER), whose customers include most major chip manufacturers, is a U.S.-based supplier of automated test equipment for semiconductors and other technologies and devices.
Teradyne’s sales rose 4.8% year over year to $737.3 million, beating analyst expectations by 3%. The business had an exceptional quarter, significantly exceeding analysts’ EPS estimates and steadily beating analysts’ adjusted operating income estimates.
Teradyne’s total revenue
The market seems satisfied with this result, with the stock price up 1.9% since the announcement. Current price is $126.90.
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Is Now the Right Time to Buy Teradyne? You can see our complete analysis of the financial results for free here.
Entegris (NASDAQ:ENTG), whose fabs represent the company’s largest customer type, supplies products that purify, protect, and ensure the integrity of raw materials needed for advanced semiconductor manufacturing.
Entegris reported revenue of $807.7 million, down 9.1% from a year earlier, and 3% below analysts’ expectations. It was a disappointing quarter as the company’s revenue outlook for next quarter fell short of analysts’ expectations.
Entegris was the group’s worst performer compared to analysts’ expectations. As expected, the stock has fallen 3.4% since earnings and is currently trading at $103.53.
Click here for a complete analysis of Entegris’ results.
Amtec Systems (NASDAQ:ASYS) manufactures the machinery and related chemicals needed to manufacture semiconductors, with a focus on silicon carbide and power semiconductors.
Amtech’s revenue was $24.11 million, down 13% year over year. The result was 1.5% higher than analysts expected. More broadly, it was a softer quarter as next quarter’s revenue guidance was significantly lower than analysts expected, and analysts’ EPS estimates were also significantly lower.
The stock has fallen 10.3% since the report and is currently trading at $5.46.
Read the full actionable report on Amtech for free here.
Product designer and manufacturer IPG Photonics (NASDAQ:IPGP) is a provider of high-performance fiber lasers used to cut, weld, and process raw materials.
IPG Photonics reported revenue of $233.1 million, down 22.6% year over year. This result beat analysts’ expectations by 2.3%. Taking a step back, it was a weak quarter as we significantly missed analysts’ adjusted operating profit and EPS expectations.
IPG Photonics had the slowest revenue growth among its peers. The stock has fallen 6.7% since the report and is currently trading at $74.01.
Read the full practical report on IPG Photonics for free here.
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