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 brokers have issued 1 year target prices for Axcelis Technologies' stock. 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 10.6% from the stock's current price.
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Axcelis Technologies' stock was trading at $79.36 on January 1st, 2023. Since then, ACLS shares have increased by 65.5% and is now trading at $131.38.
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Axcelis Technologies saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,900,000 shares, an increase of 27.5% from the February 13th total of 1,490,000 shares. Based on an average daily volume of 547,200 shares, the short-interest ratio is currently 3.5 days. Currently, 6.0% of the shares of the company are sold short.
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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) released its earnings results on Thursday, February, 9th. The semiconductor company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.25. The semiconductor company had revenue of $266.05 million for the quarter, compared to analysts' expectations of $251.80 million. Axcelis Technologies had a net margin of 19.90% and a trailing twelve-month return on equity of 30.16%. The company's revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 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), 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), Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P SmallCap Momentum ETF (XSMO).

Axcelis Technologies updated 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 many different retail and institutional 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 $131.38.

Axcelis Technologies (NASDAQ:ACLS) has a market capitalization of $4.30 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.