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Cycle Short '24: Semi Equip
6 tickers · $1.51T total market cap
Group: Cycle Short
The current thesis on the Cycle '24 Short: Semi Equip, specifically for ASM NA, is bearish. The semiconductor equipment sector is anticipated to face challenges due to economic slowdowns and reduced capital expenditures by key players in the semiconductor manufacturing space. This reduction in demand is compounded by cyclical downturns and potential inventory corrections within the semiconductor industry. The market is also adjusting to a post-pandemic environment where previous supply chain disruptions have normalized, further impacting equipment sales.
Cycle Short '24: Semi Equip tracks 6 publicly listed stocks in this theme: AMAT, ASM.AS, ASML, KLAC, LRCX, ONTO. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
ASML Holding N.V.ASML | 04/15/2026 (BMO) | 04/15/2026 (BMO) | 0.04% | -7.08% | 4.34% | 3.45% | $562.49B | 16.6667 |
Lam Research CorporationLRCX | 04/22/2026 (AMC) | 04/22/2026 (AMC) | -2.55% | 0.07% | 13.75% | 5.73% | $341.88B | 16.6667 |
Applied Materials, Inc.AMAT | 05/14/2026 (AMC) | 05/14/2026 (AMC) | 8.08% | 0.00% | 24.13% | -6.80% | $322.93B | 16.6667 |
KLA CorporationKLAC | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -15.24% | -3.24% | 27.19% | -0.56% | $227.37B | 16.6667 |
ASM International N.V.ASM.AS | 04/21/2026 (AMC) | 04/21/2026 (AMC) | 5.18% | 6.27% | 10.17% | -0.76% | $47.36B | 16.6667 |
Onto Innovation Inc.ONTO | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -3.96% | -1.84% | 40.94% | -15.63% | $12.34B | 16.6667 |
| Average | -1.41% | -0.97% | 20.09% | -2.43% | $252.40B | 16.6667 | ||
| Median | -1.26% | -0.92% | 18.94% | -0.66% | $275.15B | 16.6667 | ||
| Std Dev | 7.47% | 4.03% | 12.17% | 7.08% | $186.83B | 0.0% | ||
| Min | -15.24% | -7.08% | 4.34% | -15.63% | $12.34B | 16.6667 | ||
| Max | 8.08% | 6.27% | 40.94% | 5.73% | $562.49B | 16.6667 | ||
| % Positive Tickers | 50.00% | 50.00% | 100.00% | 33.33% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.