NASDAQ:ACLS - Axcelis Technologies Stock Price, Forecast & News

Axcelis Technologies trades on the NASDAQ under the ticker symbol "ACLS."

Axcelis Technologies declared that its Board of Directors has authorized a share repurchase program on Monday, January 14th 2019, which permits the company to repurchase $35,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Axcelis Technologies Inc (NASDAQ:ACLS) issued its quarterly earnings results on Thursday, October, 31st. The semiconductor company reported $0.02 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.03. The semiconductor company had revenue of $69.45 million for the quarter, compared to analyst estimates of $70.90 million. Axcelis Technologies had a net margin of 4.63% and a return on equity of 3.85%. The business's revenue for the quarter was down 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. View Axcelis Technologies' Earnings History.

Axcelis Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Axcelis Technologies.

Axcelis Technologies issued an update on its fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share guidance of $0.14-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.24. The company issued revenue guidance of $72-100 million, compared to the consensus revenue estimate of $97.69 million.

5 brokerages have issued twelve-month target prices for Axcelis Technologies' stock. Their forecasts range from $15.00 to $30.00. On average, they anticipate Axcelis Technologies' stock price to reach $25.20 in the next year. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Axcelis Technologies.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Axcelis Technologies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Axcelis Technologies.

Media coverage about ACLS stock has trended somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Axcelis Technologies earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Axcelis Technologies.

Axcelis Technologies saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,120,000 shares, an increase of 45.8% from the October 31st total of 768,300 shares. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is currently 4.9 days. Currently, 3.6% of the shares of the company are sold short. View Axcelis Technologies' Current Options Chain.

Some companies that are related to Axcelis Technologies include Applied Materials (AMAT), Lam Research (LRCX), KLA (KLAC), Teradyne (TER), Entegris (ENTG), MKS Instruments (MKSI), Cabot Microelectronics (CCMP), Amkor Technology (AMKR), Brooks Automation (BRKS), Advanced Energy Industries (AEIS), FormFactor (FORM), Xperi (XPER), Ultra Clean (UCTT), Rudolph Technologies (RTEC) and Nanometrics (NANO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Axcelis Technologies investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Applied Materials (AMAT), Bank of America (BAC), Advanced Micro Devices (AMD), Momo (MOMO), Adobe (ADBE), Ciena (CIEN) and Broadcom (AVGO).

Axcelis Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tenzing Global Management LLC (1.85%), California Public Employees Retirement System (0.41%), Rhumbline Advisers (0.33%), Penbrook Management LLC (0.27%), First Trust Advisors LP (0.23%) and Squarepoint Ops LLC (0.19%). Company insiders that own Axcelis Technologies stock include Dennis Thomas St, Douglas A Lawson, John T Kurtzweil, Joseph P Keithley, Mary G Puma, R John Fletcher and William J Bintz. View Institutional Ownership Trends for Axcelis Technologies.

ACLS stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Barclays PLC, Voya Investment Management LLC and Penbrook Management LLC. Company insiders that have sold Axcelis Technologies company stock in the last year include Dennis Thomas St, Douglas A Lawson, John T Kurtzweil, Mary G Puma, R John Fletcher and William J Bintz. View Insider Buying and Selling for Axcelis Technologies.

ACLS stock was acquired by a variety of institutional investors in the last quarter, including Tenzing Global Management LLC, First Trust Advisors LP, Millennium Management LLC, Squarepoint Ops LLC, Gabelli Funds LLC, State of Alaska Department of Revenue, California Public Employees Retirement System and J.P. Marvel Investment Advisors LLC. View Insider Buying and Selling for Axcelis Technologies.

Shares of ACLS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ACLS stock can currently be purchased for approximately $23.06.

Axcelis Technologies has a market capitalization of $747.63 million and generates $442.58 million in revenue each year. The semiconductor company earns $45.88 million in net income (profit) each year or $1.31 on an earnings per share basis. Axcelis Technologies employs 1,079 workers across the globe.View Additional Information About Axcelis Technologies.

The official website for Axcelis Technologies is http://www.axcelis.com/.

Axcelis Technologies' mailing address is 108 CHERRY HILL DRIVE, BEVERLY MA, 01915. The semiconductor company can be reached via phone at 978-787-4000 or via email at [email protected]