Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) - Equities researchers at William Blair decreased their Q2 2024 earnings per share (EPS) estimates for Axcelis Technologies in a note issued to investors on Tuesday, May 7th. William Blair analyst J. Dorsheimer now forecasts that the semiconductor company will earn $1.31 per share for the quarter, down from their prior estimate of $1.43. The consensus estimate for Axcelis Technologies' current full-year earnings is $6.63 per share. William Blair also issued estimates for Axcelis Technologies' Q3 2024 earnings at $1.52 EPS, Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $6.26 EPS, Q3 2025 earnings at $2.15 EPS and Q4 2025 earnings at $2.46 EPS.
Several other equities analysts have also commented on ACLS. Benchmark decreased their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 3rd. B. Riley dropped their price objective on Axcelis Technologies from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, May 3rd. B. Riley Financial decreased their target price on Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 9th. Craig Hallum raised Axcelis Technologies from a "hold" rating to a "buy" rating and set a $130.00 target price for the company in a research report on Friday, May 3rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.00.
View Our Latest Stock Analysis on Axcelis Technologies
Axcelis Technologies Trading Up 0.2 %
ACLS stock traded up $0.19 during mid-day trading on Wednesday, hitting $111.46. 321,966 shares of the company were exchanged, compared to its average volume of 659,520. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $201.00. The firm has a market capitalization of $3.63 billion, a P/E ratio of 14.72, a PEG ratio of 1.24 and a beta of 1.64. The business has a fifty day simple moving average of $107.88 and a 200-day simple moving average of $120.53. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.33. The firm had revenue of $252.37 million during the quarter, compared to the consensus estimate of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS.
Insider Activity
In other news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the acquisition, the executive vice president now directly owns 19,648 shares of the company's stock, valued at approximately $2,181,713.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.14% of the company's stock.
Institutional Trading of Axcelis Technologies
A number of institutional investors have recently bought and sold shares of ACLS. Rakuten Securities Inc. acquired a new stake in shares of Axcelis Technologies during the 4th quarter worth about $27,000. NBC Securities Inc. purchased a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in shares of Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company's stock valued at $30,000 after buying an additional 139 shares in the last quarter. Clearstead Advisors LLC purchased a new position in shares of Axcelis Technologies in the 3rd quarter valued at $33,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Axcelis Technologies during the 3rd quarter worth $34,000. 89.98% of the stock is owned by hedge funds and other institutional investors.
About Axcelis Technologies
(
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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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