Axcelis Technologies (ACLS) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axcelis Technologies in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ACLS shares.
View ACLS analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 12-month price targets for Axcelis Technologies' stock. Their ACLS share price forecasts range from $140.00 to $155.00. On average, they predict the company's share price to reach $145.33 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
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Axcelis Technologies' stock was trading at $79.36 at the beginning of the year. Since then, ACLS stock has increased by 104.6% and is now trading at $162.36.
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Axcelis Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, a decline of 5.7% from the April 30th total of 1,590,000 shares. Based on an average daily trading volume, of 573,900 shares, the short-interest ratio is presently 2.6 days. Currently, 4.7% of the company's shares are short sold.
View Axcelis Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ACLS earnings forecast.

Axcelis Technologies, Inc. (NASDAQ:ACLS) posted its quarterly earnings data on Thursday, May, 4th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.18. The semiconductor company had revenue of $254.02 million for the quarter, compared to analysts' expectations of $239.89 million. Axcelis Technologies had a trailing twelve-month return on equity of 29.43% and a net margin of 19.49%. Axcelis Technologies's revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share.

ETFs with the largest weight of Axcelis Technologies (NASDAQ:ACLS) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco S&P SmallCap Information Technology ETF (PSCT), Innovator IBD 50 ETF (FFTY), Invesco DWA Technology Momentum ETF (PTF), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco Dynamic Semiconductors ETF (PSI), Invesco S&P SmallCap Quality ETF (XSHQ) and

Axcelis Technologies updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.44-$1.48 for the period, compared to the consensus EPS estimate of $1.46. The company issued revenue guidance of $255.00 million-$260.00 million, compared to the consensus revenue estimate of $249.58 million.

45 employees have rated Axcelis Technologies Chief Executive Officer Mary G. Puma on Glassdoor.com. Mary G. Puma has an approval rating of 38% among the company's employees. This puts Mary G. Puma in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Axcelis Technologies investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Applied Materials (AMAT), Alibaba Group (BABA), Bank of America (BAC), AbbVie (ABBV), Adobe (ADBE), AT&T (T) and Netflix (NFLX).

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

Axcelis Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.61%), State Street Corp (3.38%), FMR LLC (3.18%), Dimensional Fund Advisors LP (3.14%), Wellington Management Group LLP (2.77%) and Geode Capital Management LLC (1.95%). Insiders that own company stock include Arthur L George Jr, Dennis Thomas St, Douglas A Lawson, Douglas A Lawson, Greg Redinbo, John T Kurtzweil, Jorge Titinger, Joseph P Keithley, Joseph P Keithley, Kevin J Brewer, Lynnette C Fallon, Lynnette C Fallon, Mary G Puma, Mary G Puma, R John Fletcher, Russell Low, Tzu Yin Chiu, William J Bintz and William J Bintz.
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Shares of ACLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACLS stock can currently be purchased for approximately $162.36.

Axcelis Technologies (NASDAQ:ACLS) has a market capitalization of $5.31 billion and generates $920 million in revenue each year. The semiconductor company earns $183.08 million in net income (profit) each year or $5.67 on an earnings per share basis.

The company employs 1,485 workers across the globe.

Axcelis Technologies' mailing address is 108 CHERRY HILL DRIVE, BEVERLY MA, 01915. The official website for the company is www.axcelis.com. The semiconductor company can be reached via phone at (978) 787-4000, via email at investor.relations@axcelis.com, or via fax at 978-787-3000.