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KLIC, MTSN, ENTG, EMKR, FSII, BTUI, Electronics Manufacturing Stocks Undervalued

^{Published on 2011-08-04 07:21:13 - WOPRAI}
 

August 4, 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. KULICKE & SOFFA INDUSTRIES (NASDAQ:KLIC), MATTSON TECHNOLOGY INC (NASDAQ:MTSN), ENTEGRIS, INC. (NASDAQ:ENTG), EMCORE CORP (NASDAQ:EMKR), FSI INTL INC (NASDAQ:FSII), BTU INTERNATIONAL INC (NASDAQ:BTUI) 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               
     KLIC       KULICKE & SOFFA INDUSTRIES          9.01           10.29          12.40% Undervalued          Electronics Manufacturing
     MTSN       MATTSON TECHNOLOGY INC              1.85           5.1            63.70% Undervalued          Electronics Manufacturing
     ENTG       ENTEGRIS, INC.                      8.36           10.31          18.90% Undervalued          Electronics Manufacturing
     EMKR       EMCORE CORP                         2.43           6.89           64.70% Undervalued          Electronics Manufacturing
     FSII       FSI INTL INC                        2.85           4.28           33.40% Undervalued          Electronics Manufacturing
     BTUI       BTU INTERNATIONAL INC               6.96           11.78          40.90% 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.

KULICKE & SOFFA INDUSTRIES (NASDAQ:KLIC) - Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools, as well as services, maintains, repairs, and upgrades equipment, used to assemble semiconductor devices. It operates in two segments, Equipment and Expendable Tools. The Equipment segment manufactures and sells a line of ball bonders, heavy wire wedge bonders, and die bonders. Ball bonders are used to connect very fine wires, primarily made of gold or copper, between the bond pads of the semiconductor device or die, and the leads on its package. Heavy wire wedge bonders are used in the power semiconductor and automotive power module markets. Die bonders are used to attach a die to the substrate or lead frame, which will house the semiconductor device. The Expendable Tools segment manufactures various expendable tools for a range of semiconductor packaging applications. Its expendable tools include capillaries, bonding wedges, and saw blades. The company serves primarily semiconductor device manufacturers, their subcontract assembly suppliers, other electronics manufacturers, and automotive electronics suppliers in the United States and the Asia/Pacific region. It sells its products through direct sales force, manufacturers representatives, and distributors. The company was founded in 1951 and is headquartered in Fort Washington, Pennsylvania.

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.

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.

EMCORE CORP (NASDAQ:EMKR) - EMCORE Corporation provides compound semiconductor-based components and subsystems for the fiber optics and solar power markets. The company operates in two segments, Fiber Optics and Photovoltaics. The Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks. The Photovoltaics segment provides solar products for satellite applications, including compound semiconductor-based multi-junction solar cells, covered interconnect cells, and integrated solar panels; and terrestrial applications, such as concentrating photovoltaic systems (CPV) for commercial and utility scale solar applications, multi-junction solar cells, and CPV components for use in solar power concentrator systems. It sells its products worldwide through direct sales force, external sales representatives, distributors, and application engineers. The company was founded in 1984 and is headquartered in Albuquerque, New Mexico.

FSI INTL INC (NASDAQ:FSII) - FSI International, Inc. designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. The company provides surface conditioning technology solutions and microlithography systems, and support services to the manufacturers of integrated circuits. It manufactures, markets, and supports surface conditioning equipment that uses wet, cryogenic, and other chemistry techniques to clean, strip, or etch the surfaces of silicon wafers, and supplies refurbished microlithography products that are used to deposit and develop light sensitive films. The company offers system and subsystem upgrade packages, spare part kits, individual spare part components, robot refurbishment and replacement, and support services that provide product and process enhancements to extend the life of previously purchased and installed systems. It also sells various process, service, and maintenance programs. FSI International, Inc. markets its products to the manufacturers of microelectronic devices worldwide. The company was founded in 1973 and is based in Chaska, Minnesota.

BTU INTERNATIONAL INC (NASDAQ:BTUI) - BTU International, Inc. engages in the design, manufacture, sale, and service of thermal processing systems used in various manufacturing processes primarily in the electronics and alternative energy industries. Its alternative energy products include solar processing equipment for silicon and thin film photovoltaics; rapid thermal processing furnaces for the solar cell metallization process; and walking beam and pusher systems for sintering nuclear fuel. The companys electronics products comprise thermal processing systems used in the solder reflow and curing stages of printed circuit board assembly; convection reflow systems; and wafer level and die level semiconductor packaging systems. Its products are used in various applications, such as solar cell manufacturing, nuclear fuel processing, printed circuit board assembly, and semiconductor packaging. The company serves multinational original equipment manufacturers and contract manufacturing companies in the electronics, alternative energy, automotive, and other industries. BTU International, Inc. sells its products primarily through direct sales force and independent sales representatives worldwide. The company was founded in 1950 and is headquartered in North Billerica, Massachusetts.

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