[May 15, 2013] Top 5 Companies in the Semiconductor Equipment Industry With the Highest Forward P/E Ratio (RBCN, MTSN, VECO, CYMI, AXTI) Tweet May 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Semiconductor Equipment industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Rubicon Technology ranks highest with a a forward P/E ratio of 78.75. Mattson Technology is next with a a forward P/E ratio of 69.63. Veeco Instruments ranks third highest with a a forward P/E ratio of 41.91. Cymer follows with a a forward P/E ratio of 37.29, and AXT rounds out the top five with a a forward P/E ratio of 25.00. SmarTrend recommended that subscribers consider buying shares of Cymer on October 17th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $73.47. Since that recommendation, shares of Cymer have risen 48.3%. We continue to monitor Cymer for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]