Winners And Losers Of Q4: Semtech (NASDAQ:SMTC) Vs The Rest Of The Semiconductor Manufacturing Stocks

March 20, 2025 at 05:13 AM EDT

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Looking back on semiconductor manufacturing stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Semtech (NASDAQ: SMTC) 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 satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 1.8% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.2% since the latest earnings results.

Semtech (NASDAQ: SMTC)

A public company since the late 1960s, Semtech (NASDAQ: SMTC) is a provider of analog and mixed-signal semiconductors used for Internet of Things systems and cloud connectivity.

Semtech reported revenues of $251 million, up 30.1% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 27.9% since reporting and currently trades at $41.72.

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

Best 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 $166.1 million, down 3% year on year, outperforming analysts’ expectations by 0.7%. The business had a very strong quarter with a significant improvement in its inventory levels and an impressive beat of analysts’ EPS estimates.

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 15.1% since reporting. It currently trades at $36.85.

Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: FormFactor (NASDAQ: FORM)

With customers across the foundry and fabless markets, FormFactor (NASDAQ: FORM) is a US-based provider of test and measurement technologies for semiconductors.

FormFactor reported revenues of $189.5 million, up 12.7% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

As expected, the stock is down 19.1% since the results and currently trades at $33.27.

Read our full analysis of FormFactor’s results here.

Teradyne (NASDAQ: TER)

Sporting most major chip manufacturers as its customers, Teradyne (NASDAQ: TER) is a US-based supplier of automated test equipment for semiconductors as well as other technologies and devices.

Teradyne reported revenues of $752.9 million, up 12.3% year on year. This result topped analysts’ expectations by 1.4%. Taking a step back, it was a mixed quarter as it also produced an impressive beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.

The stock is down 27.8% since reporting and currently trades at $88.07.

Read our full, actionable report on Teradyne here, it’s free.

IPG Photonics (NASDAQ: IPGP)

Both a designer and manufacturer of its products, IPG Photonics (NASDAQ: IPGP) is a provider of high-performance fiber lasers used for cutting, welding, and processing raw materials.

IPG Photonics reported revenues of $234.3 million, down 21.6% year on year. This number surpassed analysts’ expectations by 3.4%. Overall, it was a strong quarter as it also put up an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

IPG Photonics had the slowest revenue growth among its peers. The stock is flat since reporting and currently trades at $67.99.

Read our full, actionable report on IPG Photonics here, it’s free.

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