Core Points - Axcelis Technologies, Inc. announced the retirement of Doug Lawson, Executive Vice President of Corporate Marketing and Strategy, effective July 2024, with plans to remain as a Senior Advisor until July 2025 [2][4] - David Ryzhik has been appointed as the new Senior Vice President of Investor Relations and Corporate Strategy, starting in July 2024, bringing over 20 years of experience in investor relations and finance [2][3] Company Overview - Axcelis Technologies, Inc. is a leading supplier of ion implantation solutions for the semiconductor industry, with 45 years of experience in providing innovative, high-productivity solutions [5] - The company focuses on developing enabling process applications through the design, manufacture, and lifecycle support of ion implantation systems, which are critical in the integrated circuit manufacturing process [5] Leadership Transition - Doug Lawson has had a significant impact on Axcelis over his 15-year tenure, holding various executive leadership roles and contributing to corporate marketing, investor relations, business development, and IT [4] - Jamie Coogan, Executive Vice President and CFO, expressed confidence in David Ryzhik's capabilities to drive growth opportunities for Axcelis [4] - Russell Low, President and CEO, acknowledged Doug Lawson's contributions to the company's growth and strategy, emphasizing his role in building strong stakeholder relationships [4]

Axcelis Technologies, Inc. (ACLS) recently expanded business operations in Japan by setting up new service offices in June 2024. The service offices, located in Chitose, Hokkaido and Kumamoto, Kyushu, will support the ACLS’ growing client base in the country.ACLS noted that its service centers are located near the customers, which will facilitate localized support resources for the Purion ion implant equipment, which is in production.In Japan, Axcelis has been forging business partnerships with Silicon and ...

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 ...

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Group 1: Market Overview - Wall Street is experiencing significant growth in 2024, driven by a strong U.S. economy and investor interest in artificial intelligence advancements [1] - The S&P 500 index has increased over 15%, while the Nasdaq Composite index has risen over 18% year-to-date [1] - Anticipated earnings growth and potential Federal Reserve rate cuts are contributing to market optimism, presenting opportunities in the tech sector [1] Group 2: Amdocs (DOX) - Amdocs reported record revenue of $1.25 billion in Q2 2024, reflecting a 2% year-over-year increase in constant currency terms [2] - Adjusted earnings per share rose to $1.56, up from $1.47 the previous year, although slightly below analysts' expectations [2] - The company anticipates strong demand for its innovative solutions, particularly in cloud services, supporting double-digit revenue growth in 2024 [2] Group 3: Amdocs Partnerships and Valuation - Amdocs partnered with Google Cloud to enhance eSIM activation and improve customer satisfaction [3] - The stock has seen a 13% decline in 2024 but offers a 2.5% dividend yield, trading at 10.6 times forward earnings and 1.8 times sales [3] - Analysts project a 12-month median price forecast of $100.00 for Amdocs, indicating over 30% upside potential [3] Group 4: Axcelis Technologies (ACLS) - Axcelis Technologies specializes in ion implantation systems for semiconductor chip fabrication, with a recent revenue of $252.4 million [5] - Earnings per diluted share increased by 10% to $1.57, supported by improved gross margins [5] - The global semiconductor sector is valued at $545 billion in 2023, expected to grow at a 7.6% CAGR from 2024 to 2033, driven by AI, IoT, and 5G technologies [6] Group 5: Axcelis Stock Performance - ACLS stock has gained nearly 9% since January, trading at a price-to-sales ratio of 4x [6] - Analysts have a 12-month median price target of $150 for Axcelis, suggesting a 6% upside from current levels [6] Group 6: CrowdStrike (CRWD) - CrowdStrike's first quarter fiscal 2025 earnings showed a 33% revenue increase to $921 million, with annual recurring revenue also up 33% to $3.65 billion [7] - Adjusted diluted EPS rose to 93 cents from 57 cents last year, with record free cash flow of $322 million, representing 35% of revenue [7] - The company is expanding its offerings beyond core cybersecurity into endpoint and identity protection, and cloud security [8] Group 7: CrowdStrike Stock Valuation - CRWD stock surged over 53% in 2024, reaching an all-time high on June 17 [8] - Despite premium valuations of 97.1x adjusted forward earnings and 29.3x sales, analysts maintain a 12-month price target of $400, indicating over 2% upside potential [8]

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 ...