
Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) - Research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Axcelis Technologies in a note issued to investors on Wednesday, August 6th. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $3.54 per share for the year, up from their previous forecast of $2.83. DA Davidson has a "Buy" rating and a $90.00 price target on the stock. The consensus estimate for Axcelis Technologies' current full-year earnings is $2.55 per share. DA Davidson also issued estimates for Axcelis Technologies' FY2026 earnings at $3.94 EPS.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.40. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The business had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Axcelis Technologies's revenue was down 24.2% compared to the same quarter last year.
Separately, B. Riley increased their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $90.00.
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Axcelis Technologies Stock Performance
Shares of NASDAQ:ACLS traded down $0.09 on Friday, hitting $79.42. 389,989 shares of the company were exchanged, compared to its average volume of 564,253. The company's 50 day moving average price is $70.49 and its two-hundred day moving average price is $61.48. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 16.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.08 and a current ratio of 6.01. Axcelis Technologies has a one year low of $40.40 and a one year high of $117.57.
Institutional Trading of Axcelis Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackBarn Capital Partners LP increased its position in shares of Axcelis Technologies by 758.0% during the 1st quarter. BlackBarn Capital Partners LP now owns 480,441 shares of the semiconductor company's stock worth $23,864,000 after purchasing an additional 424,444 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 39.1% during the first quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock worth $71,576,000 after buying an additional 404,910 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Axcelis Technologies during the fourth quarter worth approximately $12,665,000. Voloridge Investment Management LLC raised its stake in shares of Axcelis Technologies by 428.5% in the fourth quarter. Voloridge Investment Management LLC now owns 222,663 shares of the semiconductor company's stock valued at $15,557,000 after acquiring an additional 180,531 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Axcelis Technologies by 148.7% in the 4th quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company's stock worth $20,281,000 after acquiring an additional 173,574 shares in the last quarter. Institutional investors own 89.98% of the company's stock.
Insiders Place Their Bets
In other news, Director John T. Kurtzweil sold 1,682 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the transaction, the director owned 35,050 shares in the company, valued at approximately $2,170,646.50. This represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.
Axcelis Technologies Company Profile
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Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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