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 twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ACLS shares.
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6 Wall Street analysts have issued 12-month price targets for Axcelis Technologies' shares. Their ACLS share price forecasts range from $140.00 to $155.00. On average, they anticipate the company's share price to reach $145.33 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
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Axcelis Technologies' stock was trading at $79.36 at the beginning of 2023. Since then, ACLS stock has increased by 67.9% and is now trading at $133.25.
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Axcelis Technologies saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 1,490,000 shares, a drop of 21.6% from the February 28th total of 1,900,000 shares. Based on an average daily volume of 601,100 shares, the short-interest ratio is presently 2.5 days. Currently, 4.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Axcelis Technologies, Inc. (NASDAQ:ACLS) announced its quarterly earnings results on Thursday, February, 9th. The semiconductor company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.25. The semiconductor company had revenue of $266.05 million for the quarter, compared to analyst estimates of $251.80 million. Axcelis Technologies had a trailing twelve-month return on equity of 30.16% and a net margin of 19.90%. The business's revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

ETFs with the largest weight of Axcelis Technologies (NASDAQ:ACLS) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco S&P SmallCap Information Technology ETF (PSCT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco Dynamic Semiconductors ETF (PSI), Invesco DWA Technology Momentum ETF (PTF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Invesco S&P SmallCap Quality ETF (XSHQ).

Axcelis Technologies issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $1.25-$1.25 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $240.00 million-$240.00 million, compared to the consensus revenue estimate of $235.19 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 Senvest Management LLC (5.44%), Dimensional Fund Advisors LP (4.22%), Driehaus Capital Management LLC (3.45%), Geode Capital Management LLC (1.86%), Price T Rowe Associates Inc. MD (1.58%) and Victory Capital Management Inc. (1.10%). Insiders that own company stock include Arthur L George Jr, Dennis Thomas St, Douglas A Lawson, Douglas A Lawson, John T Kurtzweil, Jorge Titinger, Joseph P Keithley, Joseph P Keithley, Kevin J Brewer, 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 $133.25.

Axcelis Technologies (NASDAQ:ACLS) has a market capitalization of $4.36 billion and generates $920 million in revenue each year. The semiconductor company earns $183.08 million in net income (profit) each year or $5.46 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.