N@N

TSRA, ENTG, MTSN, COHU, BRKS, UCTT, Electronics Manufacturing Stocks Undervalued

^{Published on 2011-05-19 07:30:27 - WOPRAI}
 

May 19, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Electronics Manufacturing sector and these stocks are the most undervalued as of today. TESSERA TECHNOLOGIES INC (NASDAQ:TSRA), ENTEGRIS INC (NASDAQ:ENTG), MATTSON TECHNOLOGY INC (NASDAQ:MTSN), COHU INC (NASDAQ:COHU), BROOKS AUTOMATION INC (NASDAQ:BRKS), ULTRA CLEAN HOLDINGS (NASDAQ:UCTT) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     TSRA       TESSERA TECHNOLOGIES INC            $19.16         $24.70         22.40% Undervalued          Electronics Manufacturing
     ENTG       ENTEGRIS INC                        $8.87          $10.35         14.30% Undervalued          Electronics Manufacturing
     MTSN       MATTSON TECHNOLOGY INC              $1.78          $5.13          65.30% Undervalued          Electronics Manufacturing
     COHU       COHU INC                            $14.00         $19.44         28.00% Undervalued          Electronics Manufacturing
     BRKS       BROOKS AUTOMATION INC               $11.67         $14.53         19.70% Undervalued          Electronics Manufacturing
     UCTT       ULTRA CLEAN HOLDINGS                $10.85         $12.31         11.90% Undervalued          Electronics Manufacturing

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

TESSERA TECHNOLOGIES INC (NASDAQ:TSRA) - Tessera Technologies Inc. develops and licenses miniaturization technologies for chip-scale, multichip, and wafer-level packaging, which enables companies to produce chips for digital audio players, digital cameras, personal computers, personal digital assistants, video game consoles, and mobile phones. The 17-year-old company also manufactures wafer optics in small volumes. Its related services run from engineering (such as customized package design, modeling, simulation, failure analysis, and reliability testing) to assembly (training and consulting to help semiconductor assemblers keep assembly lines up to date) and infrastructure (evaluation, qualification, cost reduction, and cost analysis for companies that supply equipment and materials to chipmakers). Customers include chipmakers and assemblers, system manufacturers, electronic manufacturing service companies, and government agencies and their contractors. Tessera is based in San Jose, Calif.

ENTEGRIS INC (NASDAQ:ENTG) - Entegris, Inc. develops, manufactures, and supplies products and materials used in processing and manufacturing in the semiconductor and other high-technology industries worldwide. It operates in three segments: Contamination Control Solutions, Microenvironments, and Specialty Materials. The Contamination Control Solutions segment offers liquid filtration products, components and systems, and gas filtration products that purify, monitor, and deliver critical liquids and gases to the semiconductor manufacturing process. The Microenvironments segment provides wafer and reticle handling products, wafer shipping products, and data storage products, which preserve the integrity of wafers, reticles, and electronic components at various stages of transport, processing, and storage. The Specialty Materials segment offers poco graphite products and specialty coating products that provide low-temperature and plasma-enhanced chemical vapor deposition coatings of critical components of semiconductor manufacturing equipment used in various stages of the manufacturing process. The company sells its products primarily through direct sales force, and strategic and independent distributors to integrated circuit device manufacturers, original equipment manufacturers (OEM), gas and chemical manufacturing companies, and high-precision electronics manufacturers; and electrical discharge machining customers, glass container manufacturers, aerospace manufacturers, and biomedical implantation device manufacturers, as well as flat panel display OEMs, materials suppliers, and end users. Entegris, Inc. was founded in 1966 and is based in Billerica, Massachusetts.

MATTSON TECHNOLOGY INC (NASDAQ:MTSN) - Mattson Technology, Inc. designs, manufactures, and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits for the semiconductor manufacturing industry worldwide. It offers dry strip and rapid thermal processing equipment, and isotropic and low aspect ratio reactive ion. The companys dry strip products encompass both 200 and 300 millimeter products on its Aspen platform, and its high productivity Suprema and Alpine, using its patented, inductively coupled plasma (ICP) technologies. Its rapid thermal processing product line includes Helios XP that features a temperature measurement and control system combined with an active compensation algorithm for various wafer emissivities; Helios, which features a model based temperature measurement and control system for achieving superior device performance; Millios, the millisecond (ms) anneal system, a solution for ultra-shallow junction formation, advanced silicides, and other processes requiring short anneal times with precise control; and Atmos, a dual-chamber, single-wafer 300 millimeter RTP system for high-volume chip manufacturing through the 32 nanometer technology node. Mattson Technology also offers Nexion that features its proprietary inductively coupled plasma (ICP) source with wafer bias capability that enables independent control of ion energy and ion density at low processing pressures. The company sells its products directly, as well as through distribution agreements to foundries, and memory and logic device manufacturers. Mattson Technology was founded in 1988 and is headquartered in Fremont, California.

COHU INC (NASDAQ:COHU) - Cohu, Inc. engages in the development, manufacture, sale, and servicing of test handling and burn-in related equipment, and thermal sub-systems for the semiconductor industry worldwide. The company operates in three segments: Semiconductor Equipment, Microwave Communication Systems, and Video Cameras. The Semiconductor Equipment segment develops, manufactures, and sells pick-and-place semiconductor test handlers, burn-in related equipment, and thermal sub-systems to semiconductor manufacturers and semiconductor test subcontractors. It also develops, manufactures, and sells gravity-feed and test-in-strip semiconductor test handling equipment used in final test operations. The Microwave Communication Systems segment develops, manufactures, and sells microwave communications equipment, antenna systems, and associated equipment, which are used in the transmission of video, audio, and telemetry. These products have applications in unmanned aerial vehicles, law enforcement, security and surveillance, and electronic news gathering. Its customers include government agencies, law enforcement and public safety organizations, unmanned air vehicle program contractors, television broadcasters, entertainment companies, professional sports teams, and other commercial entities. The Video Cameras segment develops, manufactures, and sells closed circuit video or CCTV cameras, equipment, and systems. It also offers accessories, which include monitors, lenses, and camera test equipment. This segments customers include traffic control and management, scientific imaging, security/surveillance, and machine vision. Cohu markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was founded in 1947 and is based in Poway, California.

BROOKS AUTOMATION INC (NASDAQ:BRKS) - Brooks Automation, Inc. provides automation, vacuum, and instrumentation solutions primarily to the semiconductor manufacturing industry worldwide. It operates in three segments: Critical Solutions Group, Systems Solutions Group, and Global Customer Operations. The Critical Solutions Group segment provides various products, including robots and robotic modules for atmospheric and vacuum applications; cryogenic vacuum pumping systems; thermal management; and vacuum measurement solutions to create, measure, and control critical process vacuum applications. The Systems Solutions Group segment provides a range of products, and engineering and manufacturing services that enable the companys customers to develop and source process tools for semiconductor market applications, as well as manufactures products based on a customer specified design. The Global Customer Operations segment provides support services, including on and off-site repair services, on and off-site diagnostic support services, and installation services. This segment also provides services and spare parts for the companys automated material handling systems product line. Brooks Automation also serves customers in data storage, advanced display, analytical instruments, and solar markets. The company was founded in 1978 and is headquartered in Chelmsford, Massachusetts.

ULTRA CLEAN HOLDINGS (NASDAQ:UCTT) - Ultra Clean Holdings, Inc. develops and supplies critical subsystems to the original equipment manufacturers of semiconductor capital equipment in North America, Europe, and Asia. The companys products include gas delivery systems, which control the flow, pressure, sequencing, and mixing of specialty gases into and out of the reaction chambers of semiconductor manufacturing tools; chemical mechanical planarization subsystems; and chemical delivery modules that deliver gases and reactive chemicals from a centralized subsystem to the reaction chamber, as well as gas delivery systems, and liquid and vapor delivery systems. It also offers top-plate assemblies that form the top portion of the reaction chamber, within which gases controlled by gas delivery systems react to form thin films or etch films on the wafer; frame assemblies that form the support structure, to which various other assemblies are attached; and pneumatic harnesses and cables that connect other critical subsystems. In addition, the company provides process modules that comprise frame assembly, top-plate assembly, and gas and chemical delivery modules, as well as the chamber and electronic, pneumatic, and mechanical subsystems; and other high level assemblies, which are used in semiconductor manufacturing, research, flat panel, energy, and medical equipment industries. Ultra Clean Holdings, Inc. was founded in 1991 and is headquartered in Hayward, California.

About BUYINS.NET

BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BUYINS.NET has not been compensated by any of the above mentioned companies. Past performance is not indicative of future results. Please visit our web site, www.buyins.net , for complete risks and disclosures.

Contact:

BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net www.buyins.net