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. 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.

About the role

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. 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

Responsibilities

• 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

Requirements

• 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

• 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

Pay

The reasonable estimate of the compensation range for this role is $175,000-$250,000 base salary. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance.