Senior Analyst, Equity Research Semiconductors – Capital Equipment & Test

We are looking for a Senior Analyst to join our Semiconductor Equity Research team, with a primary focus on Capital Equipment & Test. You will take ownership of the models, shape the industry views, and deliver the research that institutional investors rely on to make multi-billion dollar allocation decisions. This is a role for someone who wants their analysis to move markets, not just describe them.

Semiconductors sit at the center of nearly every major investment theme in the market today; AI infrastructure, the data center buildout, autonomous vehicles, advanced packaging, and the reshoring of chip manufacturing. This is a rare seat at the table: joining a top-ranked, high-visibility Equity Research franchise that covers the companies building the physical foundation of the AI economy.

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Whether you are a research or banking professional with an established track record covering semi-cap equipment and test, or a semiconductor industry veteran ready to trade the fab floor or product roadmap for the trading floor, this role offers a genuine path to becoming a name institutional investors trust with real ownership from day one.

Why Wedbush

• Analyze the semiconductor and hardware companies driving AI, optical hardware, cloud computing, mobile innovation, and next-generation technologies
• Work with seasoned professionals who are recognized thought leaders in technology research
• Gain visibility with institutional investors and corporate management teams
• Build on your expertise in one of the market's most dynamic and influential sectors
• Contribute research that moves markets and shapes investment decisions

What You Will Do

As a senior contributor to our semiconductors/hardware research team, you will own critical analysis that shapes institutional investment strategies:

• Own and maintain detailed earnings and valuation models across the capital equipment and test universe, including wafer fab equipment, assembly/packaging equipment, and automated test equipment
• Analyze industry trends: capacity, pricing, end-demand cycles, technology transitions (e.g., EUV, advanced packaging, AI-driven test intensity), and translate them into differentiated, actionable investment conclusions
• Produce weekly and monthly written research publications read by institutional investors and internal trading desks, with direct authorship and accountability for the views published
• Develop marketing materials and represent the team's views directly to clients and institutional salespeople
• Build and maintain direct relationships with company management teams and industry contacts, giving you an insider's view of the sector
• Directly communicate stock views and industry themes to institutional investors, trading desks, and other internal constituencies, with full visibility and ownership commensurate with seniority
• Mentor junior team members and contribute to the overall research process and coverage strategy
• Perform other tasks and duties as required and assigned

Keyword: equity research, biotechnology,
Required Experience:

• Bachelor's degree from an accredited university; advanced degree (MBA, MS) or CFA a plus
• 5-10+ years of relevant industry experience, preferably in networking or optical hardware, with a demonstrated track record covering the sector from either the sell-side, buy-side, or industry
• Deep understanding of the capital equipment and test landscape, along with an established network of customers, peers, and suppliers you can draw on to identify industry trends ahead of consensus
• Active FINRA Series 86 and 87 licenses required
• Strong written and verbal communication abilities, with experience publishing research and presenting directly to institutional audiences
• High fluency in accounting and financial statement analysis
• Superior financial modeling skills with demonstrated self-auditing discipline
• Proven capacity to maintain accuracy in a fast-paced, deadline-driven environment
• Self-starter who excels both independently and collaboratively, with the ability to own a coverage area and prioritize effectively with minimal direction
• Solid work ethic, positive attitude, and genuine passion for technology and markets

Benefits:

What Wedbush Offers You

As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options
• Health Savings Account (HSA) with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) Plan: competitive discretionary company matching and profit-sharing contributions
• Tuition reimbursement ($5,250 max per year)
• Paid Vacation, Sick Time, Holidays, Volunteer Time Off
• Paid Leave: Parental Bonding, Jury Duty, Military, Disability, etc.
• FINRA and Professional License Sponsorship
• Charitable Donation Matching Contributions
• Travel & Employee Assistance and Employee Discount Programs
• Discretionary compensation based on the colleague's and the firm's performance

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. . A reasonable estimate of the current base salary is dependent upon the experience and level that the successful candidate is hired, and will be within the range of $175,000-$250,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. At Wedbush, Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

From: Wedbush Securities