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Axcellis Technologies, Inc. (ACLS-Q)
NASDAQ:ACLS
75.07
1.79
(2.44%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
ACL designs and manufactures processing equipment used in the fabrication of chips. The company's Q1-2024 revenue was flat compared to last year, beating estimates, and EPS also beat estimates. The operating results were solid, with a strong balance sheet and healthy cash flow. Sales are expected to be flat this year and start to grow next year. The stock looks decent with some cyclicality in its business but nowhere close to a secular decline.
$74.370
No
ACLS designs and manufactures processing equipment used in the fabrication of chips and is now trading at 14.2x times' Forward P/E. In Q1-2024, ACLS’s revenue was largely flat compared to last year's $252M, beating estimates of $242.6M and EPS was $1.57, beating estimates of $1.24. The operating results were solid, above the company’s guidance. The balance sheet is strong, with a net cash of $485M. The company generates healthy cash flow and returns some as buybacks. Based on consensus estimates, sales are expected to be flat this year and start to grow by 10% next year. We think there is some cyclicality in ACLS’s business but nowhere close to a secular decline. We think it looks decent today.
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ACLS makes equipment in the fabrication of semiconductor chips in the US. Revenues are up 25% on the year, continuing a strong trend over the past three years. EPS grew by 41%. Its equipment is particularly in demand by EV manufacturers, where their methods are more durable. Their order backlog is $1.2 billion. It trades at 18x earnings -- almost 40% discount to Nasdaq-100 average -- and it supports a ROE 32%. We recommend a stop-loss at $102, looking to achieve $175 -- upside potential of 32%. Yield 0%
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Axcellis Technologies, Inc.(ACLS-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Axcellis Technologies, Inc.(ACLS-Q) Frequently Asked Questions
What is Axcellis Technologies, Inc. stock symbol?
Axcellis Technologies, Inc. is a American stock, trading under the symbol ACLS-Q on the NASDAQ (ACLS). It is usually referred to as NASDAQ:ACLS or ACLS-Q
Is Axcellis Technologies, Inc. a buy or a sell?
In the last year, 3 stock analysts published opinions about ACLS-Q. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Axcellis Technologies, Inc..
Is Axcellis Technologies, Inc. a good investment or a top pick?
Axcellis Technologies, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Axcellis Technologies, Inc..
Why is Axcellis Technologies, Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Axcellis Technologies, Inc. worth watching?
3 stock analysts on Stockchase covered Axcellis Technologies, Inc. In the last year. It is a trending stock that is worth watching.
What is Axcellis Technologies, Inc. stock price?
On 2024-11-22, Axcellis Technologies, Inc. (ACLS-Q) stock closed at a price of $75.07.
Looks like a rollercoaster at the end of the ride. Don't touch this right now. Looks to be making a recovery today, and there might be a quick pop to $82. The drop from June is significant. Usually if you see a bottom and big volumes, there's a big turnover and lots are interested in buying it. But he doesn't see those big volumes.
In a downtrend. Prices reflect value, despite what you might read.