Equities analysts expect that Axcelis Technologies (NASDAQ:ACLS) will post earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported earnings of $0.29 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that Axcelis Technologies will report full year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.30 to $1.37. For the next fiscal year, analysts forecast that the company will report earnings of $1.82 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The company’s revenue was up 67.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Benchmark reiterated a “buy” rating and issued a $33.00 target price (down previously from $36.00) on shares of Axcelis Technologies in a research report on Thursday, January 18th. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Stifel Nicolaus upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $32.50.
In other Axcelis Technologies news, Director Joseph P. Keithley sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total value of $107,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas A. Lawson sold 3,478 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total value of $92,236.56. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. California Public Employees Retirement System lifted its holdings in Axcelis Technologies by 10.0% in the fourth quarter. California Public Employees Retirement System now owns 194,243 shares of the semiconductor company’s stock valued at $5,575,000 after acquiring an additional 17,710 shares during the period. BlackRock Inc. lifted its holdings in Axcelis Technologies by 97.1% in the fourth quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock valued at $112,361,000 after acquiring an additional 1,928,927 shares during the period. Louisiana State Employees Retirement System acquired a new position in Axcelis Technologies in the fourth quarter valued at approximately $387,000. Comerica Bank acquired a new position in Axcelis Technologies in the fourth quarter valued at approximately $869,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Axcelis Technologies in the third quarter valued at approximately $655,000. 88.52% of the stock is owned by institutional investors.
NASDAQ ACLS traded down $0.10 during trading hours on Wednesday, reaching $22.30. The stock had a trading volume of 261,272 shares, compared to its average volume of 424,588. The firm has a market cap of $723.02, a P/E ratio of 15.07, a P/E/G ratio of 0.84 and a beta of 1.02. Axcelis Technologies has a 52-week low of $18.60 and a 52-week high of $37.05.
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Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.
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