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. The company offers high energy, high current, and medium current implanters for various application requirements. It also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. It sells its equipment and services to semiconductor chip manufacturers through its direct sales force. The company was founded in 1978 and is headquartered in Beverly, Massachusetts.
Axcelis Technologies Trading Down 0.5 %
Shares of Axcelis Technologies stock opened at $78.18 on Monday. The company has a quick ratio of 3.02, a current ratio of 4.44 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.58 billion, a PE ratio of 17.77 and a beta of 1.71. The business's fifty day moving average is $59.30 and its two-hundred day moving average is $62.18. Axcelis Technologies has a fifty-two week low of $41.31 and a fifty-two week high of $83.74.
Axcelis Technologies (NASDAQ:ACLS - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The semiconductor company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.33. Axcelis Technologies had a return on equity of 27.14% and a net margin of 18.47%. During the same quarter in the previous year, the firm earned $0.55 EPS. Analysts anticipate that Axcelis Technologies will post 4.69 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently commented on ACLS. Needham & Company LLC boosted their target price on Axcelis Technologies from $76.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday. B. Riley raised their target price on Axcelis Technologies from $80.00 to $95.00 in a report on Friday. Finally, StockNews.com cut Axcelis Technologies from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 20th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $82.25.