Professional
Added to YB: 2024-10-09
Pitch date: 2024-10-04
ACLS [bullish]
Axcelis Technologies, Inc.
-13.94%
current return
Author Info
No bio for this author
Company Info
Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific.
Market Cap
$2.5B
Pitch Price
$99.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.40
P/E
19.19
EV/Sales
2.52
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Middle Coast Investing Portfolio Holding: Axcelis Technologies, Inc.
ACLS: Semiconductor equipment maker facing EV/hybrid slowdown & memory chip demand lull. Stock sold off heavily. Strong balance sheet, gained market share, exposed to growth sectors. Priced cheaply. Micron earnings suggest memory recovery. Long-term growth potential despite current cyclical challenges.
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