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Is Axcelis Technologies A High Growth Semiconductor Stock That’s Profitable?

When it comes to media and investor attention, semiconductor stocks are among some of the hottest right now. This is because of artificial intelligence, and the expected shift to accelerated computing for businesses and consumers. The PHLX Semiconductor (SOX) index has gained more than 50% between May 2023 and 2024, and some individual stocks have fared even better. In this article, we will take a look at Axcelis Technologies, Inc. (NASDAQ:ACLS), which is one of 13 high growth semiconductor stocks that are profitable in 2024.

Axcelis Technologies, Inc. (NASDAQ:ACLS)

Axcelis Technologies, Inc. (NASDAQ:ACLS) is a semiconductor manufacturing equipment provider headquartered in Boston, Massachusetts. The firm makes chip making tools that allow semiconductor fabrication companies like Intel to use ions in the manufacturing process. Due to the high precision nature of its machines, Axcelis Technologies, Inc. (NASDAQ:ACLS) enjoys competitive advantages over rivals that might be eager to enter its industry.

Analyzing Axcelis Technologies, Inc. (NASDAQ:ACLS)’s Recent Performance

Axcelis Technologies, Inc. (NASDAQ:ACLS) posted a strong set of results for the first quarter The firm brought in $252 million in revenue and $1.57 in diluted earnings per share. The EPS beat analyst estimates of $1.24 and added to the string of quarterly beats in the previous three periods. On the margins side, the first quarter of 2024 saw Axcelis Technologies, Inc. (NASDAQ:ACLS) improve its cost control by reporting a gross margin of 46%. The gross margin for the previous quarter was 44.4%. Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock is up 11% since the report.

Axcelis Technologies, Inc. (NASDAQ:ACLS) Has Grown Its Revenue & Maintained A Positive Bottom Line

While Axcelis Technologies, Inc. (NASDAQ:ACLS)’s first quarter beat analyst EPS estimates, the revenue growth left a lot to be desired. On a year over year basis, its revenue was flat. However, as of December 2023, Axcelis Technologies, Inc. (NASDAQ:ACLS)’s average annualized revenue growth rates for the past three, five, and ten years are 33%, 20%, and 19%, respectively. Digging deeper into these figures to see what drove this revenue growth, Axcelis Technologies, Inc. (NASDAQ:ACLS)’s respective annual revenue stood at $474 million, $662 million, $919 million, and $1.1 billion between 2020 and 2023. In simple growth terms, the revenue more than doubled between 2020 and 2023. The past five years have seen quite a bit of turmoil in the chip sector, so the lower growth figures are understandable as we discuss in the introduction of our coverage of some top revenue growth and profitable stocks.

Analyst Sentiment For Axcelis Technologies, Inc. (NASDAQ:ACLS)

B. Riley, Benchmark, Craig Hallum, and Needham are some of the sell-side firms that have covered Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock so far this year. All except Needham have rated the shares as Buy. The latest upgrade was to Buy from Hold and it came from Craig-Hallum in May 2024. The firm kept a $130 share price target for Axcelis Technologies, Inc. (NASDAQ:ACLS).

Does Axcelis Technologies, Inc. (NASDAQ:ACLS) Stand Out Amongst High Growth and Profitable Stocks?

While Axcelis Technologies, Inc. (NASDAQ:ACLS) has its merits when it comes to previous growth rates, is it highly rated when it comes to semiconductor stocks and those that are favored by analysts? Axcelis Technologies, Inc. (NASDAQ:ACLS) is a mid-cap stock that raked in $1.1 billion in revenue in 2023. The trailing twelve month figures as of the first quarter of 2024 are slightly down, so perhaps other stocks might stand out. Additionally, the sizeable share price movements for a chip stock in an AI wave mean that it might not attract those who favor stable stocks.

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Disclosure: None. Is Axcelis Technologies A High Growth Semiconductor Stock That’s Profitable? was originally published on Insidermonkey.com.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

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AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

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And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…