Axcelis Technologies - ACLS Stock Forecast, Price & News

6 Wall Street 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 analysts is that investors should "buy" ACLS shares.
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6 analysts have issued 1 year 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 stock price to reach $145.33 in the next year. This suggests a possible upside of 12.9% 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 62.2% and is now trading at $128.69.
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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 earnings results on Thursday, February, 9th. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.25. The semiconductor company earned $266.05 million during 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%. Axcelis Technologies's quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the business posted $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 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 many different 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 $128.69.

Axcelis Technologies (NASDAQ:ACLS) has a market capitalization of $4.21 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.