Axcelis Technologies (ACLS) closed the most recent trading day at $45.10, moving -0.29% from the previous trading session. This change lagged the S&P 500's 2.51% gain on the day. Meanwhile, the Dow experienced a rise of 2.66%, and the technology-dominated Nasdaq saw an increase of 2.71%.Shares of the semiconductor services company have depreciated by 21.41% over the course of the past month, underperforming the Computer and Technology sector's loss of 12.18% and the S&P 500's loss of 8.86%.Investors will be ...

BEVERLY, Mass., April 17, 2025 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry will release financial results for the first quarter 2025 before the opening of the market on Tuesday, May 6, 2025.The Company will host a call the same day to discuss the results at 8:30 a.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by reg ...

For Immediate Release Chicago, IL – April 16, 2025 – Today, Zacks Equity Research Equity areKulicke and Soffa Industries (KLIC) , Axcelis Technologies (ACLS) and Veeco Instruments (VECO) . Industry: Electronic Manufacturing Link: https://www.zacks.com/commentary/2449294/3-electronics-stocks-to-watch-from-a-challenging-industry The Zacks Electronics - Manufacturing Machinery industry participants are suffering from challenging macroeconomic conditions globally and continued high levels of inventory. However, ...

Core Viewpoint - Small-cap companies, defined as those with market capitalizations between $250 million and $2 billion, are increasingly engaging in share buybacks, which can significantly impact their earnings per share and share prices, despite the smaller scale compared to large-cap companies [1][2]. Group 1: Buyback Announcements - Fresh Del Monte Produce announced a share buyback authorization of $150 million, representing over 11% of its $1.42 billion market capitalization, with no set end date for the program [4][5]. - Axcelis Technologies revealed a buyback authorization of $100 million, bringing its total buyback capacity to $215 million, which is 12% of its $1.8 billion market cap [6][8]. - Fiverr International announced a second $100 million buyback program, equal to just under 11% of its $922 million market capitalization, following the full utilization of its first buyback authorization in 2024 [9][10]. Group 2: Company Performance and Financials - Fresh Del Monte's revenue is heavily driven by bananas, which accounted for 34% of total revenue in 2024, and the company has averaged $48 million in annual share repurchases over the past decade [4][5]. - Axcelis Technologies experienced a 10% revenue drop in 2024, but had previously seen revenue growth of over 23% from 2021 to 2023, with 41% of its revenue in 2024 coming from silicon carbide-based wafers [7][8]. - Fiverr International has seen a 365% increase in revenue since its IPO in 2019, although its annual revenue growth rate has significantly decreased from 77% during the COVID peak to just 8% in 2024 [10].

Core Insights - The article discusses the investment landscape and the potential opportunities within the market, emphasizing the importance of thorough research and analysis before making investment decisions [1] Company Analysis - The article highlights that Parkev Tatevosian, CFA, has no current positions in any of the stocks mentioned, indicating a neutral stance on specific investments [1] - The Motley Fool, as an organization, also has no positions in the stocks discussed, reinforcing the impartiality of the analysis presented [1] Industry Overview - The article mentions that Parkev Tatevosian is affiliated with The Motley Fool and may receive compensation for promoting its services, which could influence the perception of the information provided [1] - The disclosure policy of The Motley Fool is noted, suggesting a commitment to transparency in its operations and recommendations [1]

Core Insights - Axcelis Technologies, Inc. will be the Diamond Sponsor for the Compound Semiconductor Asia Conference (CS Asia) 2025, which will take place from March 25-27, 2025, in Shanghai, China [1] - President and CEO Russell Low will deliver the opening keynote speech at the conference, highlighting the company's commitment to the semiconductor industry [1][2] - Axcelis has over 45 years of experience in providing innovative solutions for the semiconductor industry, focusing on ion implantation systems [3] Company Overview - Axcelis Technologies is headquartered in Beverly, Massachusetts, and specializes in high-productivity solutions for the semiconductor industry [3] - The company is dedicated to developing enabling process applications through the design, manufacture, and life cycle support of ion implantation systems, which are critical in the integrated circuit manufacturing process [3] Event Participation - The CS Asia Conference is recognized as one of the most important forums for power and compound semiconductor technology in the Asia Pacific region [2] - Axcelis aims to leverage its broad portfolio and technical expertise to provide innovative ion implant technology to chipmakers in China [2]

Company Performance - Axcelis Technologies (ACLS) closed at $58.47, with a +0.52% change from the previous day, underperforming the S&P 500's 2.13% gain [1] - Over the past month, shares of Axcelis have depreciated by 6.15%, outperforming the Computer and Technology sector's loss of 13.29% and the S&P 500's loss of 9.57% [1] Upcoming Earnings - The company is expected to report an EPS of $0.39, reflecting a 75.16% decline compared to the same quarter last year [2] - Revenue is forecasted to be $184.65 million, indicating a 26.83% decline year-over-year [2] Annual Estimates - For the entire year, earnings are projected at $2.55 per share, down 58.54% from the previous year, with revenue expected to be $808.8 million, a decline of 20.54% [3] Analyst Estimates - Recent modifications to analyst estimates for Axcelis Technologies indicate short-term business trends, with positive revisions seen as a favorable sign for the company's outlook [4] - The Zacks Consensus EPS estimate has shifted 19.05% downward over the past month, resulting in a Zacks Rank of 5 (Strong Sell) for the company [6] Valuation Metrics - Axcelis Technologies has a Forward P/E ratio of 22.81, which is lower than the industry average of 23.89, suggesting it is trading at a discount [7] - The company has a PEG ratio of 4.16, significantly higher than the industry average PEG ratio of 1.05, indicating a disparity in growth expectations [8] Industry Context - The Electronics - Manufacturing Machinery industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 244, placing it in the bottom 3% of over 250 industries [9]

Core Viewpoint - Axcelis Technologies, Inc. has announced an additional $100 million in share repurchase authorization, increasing the total to $215 million, reflecting confidence in the company's long-term fundamentals [1][2]. Group 1: Share Repurchase Authorization - The Board of Directors approved an additional $100 million in share repurchase authorization, bringing the total to $215 million [1]. - The company plans to increase the quarterly level of share repurchase activity while maintaining a strong balance sheet [2]. Group 2: Financial Position and Strategy - Axcelis has maintained a strong cash position supported by solid execution over the past several years [2]. - The decision to repurchase shares will depend on market conditions and other factors, including legal and regulatory restrictions [3]. Group 3: Company Overview - Axcelis, headquartered in Beverly, Massachusetts, has been providing innovative solutions for the semiconductor industry for over 45 years, focusing on ion implantation systems [5].

Group 1 - Axcelis Technologies (NASDAQ: ACLS) is currently facing significant challenges due to the downturn in the electric vehicle industry, overcapacity in China, and increasing competition from local manufacturers [1] - Despite these challenges, the long-term prospects for Axcelis remain attractive due to several key factors [1] Group 2 - The article emphasizes the importance of well-researched commentary grounded in real-world experience to help navigate complex global markets [1]

Revenue Performance - Revenue for 2024 was $1,017.9 million, a decrease of 10.0% from $1,130.6 million in 2023[160]. - Systems revenue for 2024 was $782.6 million, down from $883.6 million in 2023, reflecting a decrease in the number of Purion systems sold[160][180]. - Revenue from the top 10 customers accounted for 45.9% of total revenue in 2024, down from 51.7% in 2023[162]. - Services revenue increased by 17.3% to $41.0 million in 2024, compared to $35.0 million in 2023[182]. - Aftermarket revenue was $235.3 million in 2024, a decrease from $247.0 million in 2023[185]. Profitability Metrics - Gross margin for 2024 improved to 44.7% compared to 43.5% in 2023[160][178]. - Net income for 2024 was $201.0 million, down from $246.3 million in 2023, representing a decline of 18.4%[160]. - Product revenue gross margin increased to 46.3% for the twelve months ended December 31, 2024, up from 44.5% in 2023[187]. - Services revenue gross margin decreased to 5.4% for the twelve months ended December 31, 2024, down from 10.7% in 2023[188]. Expenses and Investments - Research and development expenses increased to 10.4% of total revenue in 2024, up from 8.6% in 2023[178]. - Research and development expenses rose to $105.5 million in 2024, an increase of $8.6 million, or 8.9%, compared to $96.9 million in 2023[191]. - Total operating expenses increased to $243.9 million in 2024, up $18.4 million, or 8.1%, from $225.5 million in 2023[189]. - Cash used in investing activities was $108.7 million in 2024, with $12.2 million allocated for capital expenditures[202]. Cash Flow and Financial Position - Cash provided by operating activities was $140.8 million in 2024, compared to $156.9 million in 2023[201]. - Cash used in financing activities was $71.2 million in 2024, compared to $68.3 million in 2023[205]. - Working capital at December 31, 2024, was $916.1 million, with no bank debt reported[201]. - The company’s investment portfolio primarily consists of cash equivalents and short-term investments as of December 31, 2024[214]. Customer and Market Insights - The company received 22 customer satisfaction awards in 2024, highlighting its commitment to customer service[163]. - The total amount of deferred revenue decreased to $138.2 million in 2024 from $210.9 million in 2023, primarily due to a decrease in system prepayments[181]. - Approximately 6.2% of the company’s revenue in 2024 was derived from local currencies in foreign operations, compared to 5.8% in 2023[215]. - Operations outside the United States accounted for approximately 9.2% of total assets in 2024, down from 9.4% in 2023[215]. Other Income and Taxation - Other income increased to $19.5 million in 2024, a rise of $6.7 million, or 52.1%, compared to $12.8 million in 2023[198]. - Income tax provision decreased to $29.3 million in 2024, down from $32.3 million in 2023, reflecting a 9.4% decline[199].