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. This is a rare seat at the table with a top-ranked, high-visibility Equity Research franchise covering 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, providing innovative financial solutions through 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, we are committed to providing relentless, customized service.

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) for traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) Plan with 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 for 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

Pay

A reasonable estimate of the current base salary range is $175,000-$250,000, dependent upon experience and level. Colleagues may be eligible for additional, discretionary incentive compensation based on individual and firm performance.