BEVERLY, Mass., June 27, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the establishment of new service offices in Chitose, Hokkaido and Kumamoto, Kyushu to support the Company's expanding customer base in Japan. Both service office locations opened in June 2024.President and CEO of Axcelis Technologies Russell Low, said, "We are proud of our growing installed base in Japan and remain focuse ...

Finding the right tech stock to fuel your portfolio’s growth can turn a small investment into a major return. Tech firms have been notorious for giving investors significant returns in exchange for high risk. However, it doesn’t always have to be that way. Investors can look into the backbone of tech companies and invest in high-growth semiconductor stocks instead. This avenue allows them to capitalize on tech’s growth and participate in the increased demand from various sectors like healthcare, automotive, ...

Wall Street is soaring to new heights in 2024, buoyed by a robust U.S. economy as well as investor interest in advancements in artificial intelligence. As a result, the S&P 500 index gained over 15%, while the tech-heavy Nasdaq Composite index has advanced over 18% year-to-date. This impressive rally has sparked investor interest in tech stocks to buy in July despite concerns about a potential market peak.  Anticipated earnings growth and potential Federal Reserve rate cuts are further buoying optimism. In ...

BEVERLY, Mass., June 18, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, is scheduled to participate in the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA. The presentation material utilized during the CEO Summit will be made accessible on the investor page of the company's website at www.axcelis.com.About the 16th Annual CEO Investor Summ ...

In the latest market close, Axcelis Technologies (ACLS) reached $138.73, with a -1.72% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.12%.Shares of the semiconductor services company witnessed a gain of 24.29% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.27% and the S&P 500's gain of 4.15%.Market participants will ...

Event Scheduled for Thursday, July 11, 2024, in San FranciscoBEVERLY, Mass., June 13, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to host a company sponsored hybrid Investor Event for the investment community from 8 a.m. PT to 11:00 a.m. PT on Thursday, July 11, 2024. The event will be held at the St. Regis Hotel in San Francisco. All executive officers will be in atten ...

Group 1: Nvidia - Nvidia is the largest producer of discrete GPUs, controlling 88% of the discrete desktop GPU market and 97% of the AI accelerator market [2] - The company's revenue and adjusted EPS surged 126% and 288% respectively in fiscal 2024, with 87% of its revenue coming from data center GPUs [2][3] - Analysts expect revenue and adjusted EPS to rise another 98% and 109% respectively in fiscal 2025, with the stock valued at 47 times forward earnings [3] Group 2: Axcelis Technologies - Axcelis specializes in ion implantation systems used in semiconductor manufacturing, particularly for producing silicon carbide (SiC) chips [4][5] - The stock has declined nearly 40% since its all-time high last July, but is currently valued at 20 times forward earnings [6] - Analysts forecast a revenue and adjusted EPS dip of 7% and 15% respectively in 2024, followed by growth of 16% and 28% in 2025, with the SiC industry expected to grow at a CAGR of 32.6% from 2024 to 2029 [6] Group 3: Pinterest - Pinterest has established a niche in social media with its virtual pinboards, which saw significant growth during the pandemic [7] - Revenue growth slowed to 9% in both 2022 and 2023, but has accelerated over the past five quarters, with MAUs rising 12% year over year to 518 million in Q1 2024 [7][8] - Analysts expect Pinterest's revenue and adjusted EPS to jump 20% and 33% respectively in 2024, with the stock valued at 30 times forward earnings [8]

The $100 per share price point is a magical threshold for many investors and companies. Stocks priced below that amount are considered affordable while those above it are “expensive.” It is why when many companies announce a stock split the ratio applied is typically sufficient to get the shares below $100. For example, Chipotle Mexican Grill (NYSE:CMG) trades at over $3,100 per share. Its shareholders just approved a 50-to-1 stock split, one of the largest splits in the history of the New York Stock Exchan ...

Core Viewpoint - Axcelis Technologies (NASDAQ: ACLS) is a leading company in the ion implantation segment of the semiconductor industry, holding a significant market share and demonstrating strong financial health, which positions it well for future growth [1][5]. Market Position and Share - ACLS is recognized as the leader in ion implantation, reportedly capturing around 61% of the global market valued at $1.85 billion in 2023, with a forecasted growth rate of 6.6% CAGR from 2023 to 2030 [2][3]. - The company focuses primarily on ion implantation, with over 90% of its total sales derived from this niche, allowing for specialized knowledge and innovation in the field [2][3]. Silicon Carbide (SiC) Demand - A significant portion of ACLS's revenue comes from silicon carbide (SiC), which is expected to grow at a remarkable 32.6% from 2024 to 2029, despite a temporary slowdown in demand due to oversaturation and reduced electric vehicle (EV) sales [3][4]. - The Purion Power Series from ACLS is positioned to capture growth in the SiC market, with recent shipments indicating ongoing demand for these products [4]. Financial Health - As of Q1 2024, ACLS reported approximately $530 million in cash and short-term investments with no outstanding debt, providing a strong buffer against market downturns [5]. - The company has managed to increase its margins even during challenging market conditions, showcasing effective resource management and operational efficiency [5][6]. Long-term Outlook - The long-term outlook for ACLS remains positive, with expectations of low-double-digit growth in the coming years, driven by its leadership in ion implantation and the robust demand for SiC [2][6]. - The management's decision to retire the incentive program is anticipated to further enhance operational efficiency and gross margins in the latter half of the year [6].

It was a good week for EV chip stocks as leading automotive CEOs hinted a recovery could be on the horizon.Shares of electric vehicle (EV) chip stocks Axcelis Technologies (ACLS 0.15%), Coherent (COHR -1.08%), and Aehr Test Systems (AEHR 5.02%) rallied this week, up 13.2%, 15.7%, and 16.3%, respectively, through Thursday trading, according to data from S&P Global Market Intelligence.Each of these companies plays a part in the production and testing of silicon carbide (SiC) chips, a newer compound that is th ...