Highest Return on Equity in the Semiconductor Equipment Industry Detected in Shares of Tessera Technologies (TSRA, KLAC, AMAT, LRCX, CCMP)
Below are the three companies in the Semiconductor Equipment industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.
Tessera Technologies ranks highest with a ROE of 25.2%. Following is Kla-Tencor with a ROE of 20.9%. Applied Materials ranks third highest with a ROE of 17.8%.
Lam Research follows with a ROE of 15.7%, and Cabot Microelectronics rounds out the top five with a ROE of 13.8%.
SmarTrend recommended that subscribers consider buying shares of Cabot Microelectronics on March 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $39.24. Since that recommendation, shares of Cabot Microelectronics have risen 26.3%. We continue to monitor Cabot Microelectronics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest return on equity tessera technologies kla-tencor Applied Materials lam research cabot microelectronics