Added to YB: 2025-01-03
Pitch date: 2024-11-18
ACLS [bearish]
Axcelis Technologies, Inc.
+2.27%
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, Japan, Europe, and Asia Pacific.
Market Cap
$2.3B
Pitch Price
$71.83
Price Target
18.00 (-74%)
Dividend
N/A
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Axcelis Technologies, Inc. - $ACLS
ACLS short: Ion implant supercycle peaked. SiC/lagging-edge demand waning. 50-60% revenue decline over 2yrs. Market share loss to AMAT & Chinese competitors. Bookings -45-55% YoY. 45% downside to $43 (16x FY26E EPS $2.7). Bear case: 75% downside. Risks: EV demand surprise, strategic buyout.
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