Axcelis: Stellar Performance Being Driven By A Robust Silicon Carbide Market

Robert Castellano
17.7K Followers

Summary

  • Semiconductor equipment companies heavily involved in Silicon Carbide (SiC) have shown strong share price performance year to date.
  • Axcelis Technologies is one of the top-performing semiconductor equipment companies, with a 171.89% growth over the past year.
  • ACLS expects its Power Device (SiC chips) segment to account for over 55% of its 2023 shipped system revenue.

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Semiconductor equipment companies with the greatest share price performance year to date are companies heavily involved in Silicon Carbide (“SiC”). Table 1 shows that Axcelis (NASDAQ:ACLS) is one of the top performing semiconductor

This free article presents my analysis of this semiconductor equipment sector. A more detailed analysis is available on my Marketplace newsletter site Semiconductor Deep Dive. You can learn more about it here and start a risk free 2 week trial now.

This article was written by

17.7K Followers
Robert Castellano has 38 years of experience analyzing the semiconductor markets. He runs the investing group Semiconductor Deep Dive. It provides investors with recommendations for stocks with the greatest near- and medium-term growth potential. Members receive detailed analysis and research tools to make investments in semiconductor and tech stocks. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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