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All rights reserved. * Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. * Disclaimer * Accessibility * Commerce Policy * * Advertising Policies * Stock quotes by finanzen.net US Markets Closed DOW 30 -0,70% -305,87 43.444,99 S&P 500 -1,32% -78,55 5.870,62 NASDAQ 100 -2,40% -502,54 20.394,13 gold +0,48% +12,41 2.574,00 oil (wti) -0,46% -0,31 66,65 BTC/USD -1,13% -1.021,73 89.701,09 Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. * Home * Stocks * Axcelis Technologies-stock * News for Axcelis Technologies * Hold Rating for Axcelis Technologies Amid Short-Term Challenges and Long-Term Opportunities HOLD RATING FOR AXCELIS TECHNOLOGIES AMID SHORT-TERM CHALLENGES AND LONG-TERM OPPORTUNITIES TipRanks Nov. 8, 2024, 03:39 AM Duksan Jang, an analyst from Bank of America Securities, reiterated the Hold rating on Axcelis Technologies (ACLS – Research Report). The associated price target is $100.00. Duksan Jang has given his Hold rating due to a combination of factors affecting Axcelis Technologies. The company’s Q3 results were mostly as expected, but Q4 projections for sales and earnings per share are significantly lower, indicating a persistent slowdown in demand across various sectors like automotive, industrial, and consumer electronics, as well as power devices. Additionally, management anticipates this weakness to continue into the first half of 2025, with sales forecasts substantially below prior consensus estimates. Despite these short-term challenges, Jang acknowledges the strong long-term demand outlook for SiC devices, which are part of significant semiconductor trends. The cyclical recovery expected by 2026 could lead to double-digit sales growth, supported by diverse geographical exposure. However, the current market dynamics and continued delays across different segments pose risks. Consequently, the price objective is lowered, but the valuation multiple is increased, reflecting the sector’s recent expansion and Axcelis’ earnings outlook, justifying the Hold rating. See today’s best-performing stocks on TipRanks >> TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today. Axcelis Technologies (ACLS) Company Description: Axcelis Technologies, Inc. engages in the design, manufacture and service of dry strip, ion implantation and other processing equipment used in the fabrication of semiconductor chips. It provides service and support, including spare parts, equipment upgrades, maintenance services and customer training. The firms’ products include Purion H, which is next generation single wafer high current implanter; Optima HDx, is designed to maximize beam current, minimize beam setup time and deliver productive process across the applications space; Purion XE, is next generation single wafer high energy implanter, it is the second tool in the expanding family of Purion ion implanters; Optima XEx, includes implant energies matched to meet the changing needs of today’s advanced device manufacturing; Paradigm XE, offers implant energies matched to meet the changing needs of advanced logic and memory manufacturing and Purion M, is a low energy, medium current ion implanter for all channel engineering applications in the low dose and mid dose regimes. It also sells equipment and services through direct sales, distributors and manufacturing representatives. The company was founded in 1978 and is headquartered in Beverly, MA. Read More on ACLS: * Axcelis Reports Steady Q3 2024 Financials * Closing Bell Movers: AppLoving up 29% after Q3 earnings beat * Axcelis Technologies Reports Stable Q3 2024 Financials * Axcelis reports Q3 EPS $1.49, consensus $1.43 * Axcelis sees Q4 EPS $1.25, consensus $1.52 SHARE THIS POST FACEBOOK TWITTER EMAIL COPY LINK AXCELIS TECHNOLOGIES NEWSMORE Axcelis: Steering Clear of Mine Safety Risks and Liabilities TipRanks 9d Axcelis price target lowered to $125 from $150 at DA Davidson TipRanks 9d D.A. Davidson Sticks to Their Buy Rating for Axcelis Technologies (ACLS) TipRanks 9d Axcelis price target lowered to $120 from $145 at B. Riley TipRanks 9d Axcelis Technologies: Hold Rating Amid SiC Demand Slowdown and Power Semiconductor Market Challenges TipRanks 9d Axcelis downgraded to Hold from Buy at Benchmark TipRanks 10d Hold Rating for Axcelis Technologies Amid Short-Term Challenges and Long-Term Opportunities TipRanks 10d Axcelis Reports Steady Q3 2024 Financials TipRanks 10d Start Trading Futures Your Market View Name Price +/- % Date TSLA 320.70 -0.17 -0.05 Official Close 11/15/2024 AAPL 225.25 0.19 0.08 Official Close 11/15/2024 MSFT 415.10 0.10 0.02 Official Close 11/15/2024 NFLX 824.00 0.05 0.01 Official Close 11/15/2024 SPOT 459.50 1.26 0.27 Official Close 11/15/2024 RELATED STOCKS ACLS 73.22 -5.63 (-7.14%) 11/15/2024 Disclaimer Get real-time ACLS charts here >> Find News News GO Follow us on: See also: Indices * Dow Jones * S&P 500 * Nasdaq 100 * Nasdaq Composite * FTSE 100 * Nikkei 225 * DAX 40 * Hang Seng * Kospi * S&P TSX Composite Index * ASX * US Dollar Index * Stock Indices * Dow Futures * Dow Jones Market Movers Commodities * Gold Price * Oil Price * Silver Price * Copper Price * Cotton Price * Heating Oil Price * Aluminum Price * Natural Gas Price * Realtime Commodity Prices Currencies * EURO DOLLAR * Bitcoin Price * ETH USD * CAD USD * PESO USD * POUND USD * USD INR * Currency Converter * Exchange Rates Stocks * Google Stock * Meta Stock * Amazon Stock * Tesla Stock * Dow-Stock * Premarket * Stock Market News See more - Explore more categories * *© 2024 Insider Inc. and finanzen.net GmbH (Imprint). 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