Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) – Stock analysts at B. Riley lifted their FY2022 earnings per share estimates for shares of Axcelis Technologies in a research report issued on Thursday, January 12th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $5.22 for the year, up from their prior forecast of $4.79. B. Riley currently has a “Buy” rating and a $115.00 price objective on the stock. The consensus estimate for Axcelis Technologies’ current full-year earnings is $4.80 per share. B. Riley also issued estimates for Axcelis Technologies’ Q2 2023 earnings at $1.24 EPS, Q3 2023 earnings at $1.35 EPS, Q4 2023 earnings at $1.42 EPS, FY2023 earnings at $5.17 EPS and FY2024 earnings at $5.55 EPS.
A number of other equity analysts have also recently weighed in on the company. Needham & Company LLC increased their price target on Axcelis Technologies from $77.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, January 5th. StockNews.com cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. DA Davidson increased their price target on Axcelis Technologies from $88.00 to $105.00 in a research report on Wednesday. Finally, Craig Hallum increased their price target on Axcelis Technologies from $94.00 to $113.00 in a research report on Wednesday.
Axcelis Technologies Stock Performance
NASDAQ ACLS opened at $100.51 on Friday. The stock has a market cap of $3.30 billion, a PE ratio of 20.94 and a beta of 1.62. The company has a current ratio of 3.73, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. Axcelis Technologies has a twelve month low of $46.41 and a twelve month high of $100.60. The stock has a fifty day simple moving average of $80.60 and a 200-day simple moving average of $68.71.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last issued its earnings results on Wednesday, November 2nd. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Axcelis Technologies has a return on equity of 28.15% and a net margin of 18.83%. The business had revenue of $229.20 million during the quarter, compared to the consensus estimate of $224.38 million. During the same period last year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis.
Insiders Place Their Bets
In other Axcelis Technologies news, CEO Mary G. Puma sold 4,202 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total transaction of $337,462.62. Following the transaction, the chief executive officer now owns 393,511 shares of the company’s stock, valued at $31,602,868.41. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Axcelis Technologies news, EVP Russell Low sold 7,700 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $73.64, for a total value of $567,028.00. Following the transaction, the executive vice president now directly owns 69,293 shares in the company, valued at approximately $5,102,736.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary G. Puma sold 4,202 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $80.31, for a total value of $337,462.62. Following the completion of the transaction, the chief executive officer now owns 393,511 shares in the company, valued at $31,602,868.41. The disclosure for this sale can be found here. Insiders have sold a total of 33,510 shares of company stock valued at $2,610,973 over the last quarter. Company insiders own 2.15% of the company’s stock.
Institutional Trading of Axcelis Technologies
Institutional investors have recently modified their holdings of the business. The Public Employees Retirement System of Ohio boosted its stake in shares of Axcelis Technologies by 42.8% in the third quarter. The Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 158 shares in the last quarter. CWM LLC boosted its stake in shares of Axcelis Technologies by 36.6% in the second quarter. CWM LLC now owns 702 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 188 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Axcelis Technologies in the second quarter valued at approximately $46,000. Amundi purchased a new stake in shares of Axcelis Technologies in the second quarter valued at approximately $69,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Axcelis Technologies in the third quarter valued at approximately $99,000. 86.47% of the stock is currently owned by hedge funds and other institutional investors.
Axcelis Technologies Company Profile
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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.
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