Axcelis Technologies Inc (NASDAQ:ACLS) – Stock analysts at B. Riley decreased their FY2020 EPS estimates for Axcelis Technologies in a research report issued to clients and investors on Monday, October 29th, according to Zacks Investment Research. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $2.41 per share for the year, down from their previous forecast of $2.65. B. Riley has a “Neutral” rating and a $20.00 price target on the stock.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Axcelis Technologies had a return on equity of 13.86% and a net margin of 28.48%. The company had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $97.82 million. During the same period in the previous year, the firm posted $0.35 EPS. Axcelis Technologies’s revenue was down 8.7% compared to the same quarter last year.
Several other research firms have also recently issued reports on ACLS. ValuEngine upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Axcelis Technologies in a report on Friday, August 3rd. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Benchmark restated a “buy” rating and set a $32.00 target price on shares of Axcelis Technologies in a report on Friday, August 3rd. Finally, BidaskClub cut Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Axcelis Technologies currently has an average rating of “Hold” and a consensus price target of $27.00.
ACLS stock traded up $0.44 during trading on Wednesday, hitting $17.83. The stock had a trading volume of 208,061 shares, compared to its average volume of 288,673. Axcelis Technologies has a twelve month low of $15.72 and a twelve month high of $37.05. The stock has a market cap of $563.65 million, a price-to-earnings ratio of 12.05 and a beta of 0.97.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its holdings in Axcelis Technologies by 7.1% in the first quarter. Guggenheim Capital LLC now owns 145,475 shares of the semiconductor company’s stock valued at $3,579,000 after acquiring an additional 9,620 shares during the last quarter. Legal & General Group Plc lifted its holdings in Axcelis Technologies by 7.0% in the second quarter. Legal & General Group Plc now owns 63,566 shares of the semiconductor company’s stock valued at $1,253,000 after acquiring an additional 4,132 shares during the last quarter. BlackRock Inc. lifted its holdings in Axcelis Technologies by 10.9% in the second quarter. BlackRock Inc. now owns 4,529,402 shares of the semiconductor company’s stock valued at $89,683,000 after acquiring an additional 445,693 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Axcelis Technologies by 33.0% in the second quarter. Renaissance Technologies LLC now owns 214,599 shares of the semiconductor company’s stock valued at $4,249,000 after acquiring an additional 53,300 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Axcelis Technologies in the second quarter valued at approximately $373,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.
In other news, Director John T. Kurtzweil sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total transaction of $44,025.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.31% of the company’s stock.
About Axcelis Technologies
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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