Axcelis Technologies, Inc. (NASDAQ:ACLS) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.37-$0.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $107-$112 million, compared to the consensus revenue estimate of $95.24 million.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $102.80 million for the quarter, compared to analyst estimates of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The business’s revenue for the quarter was up 59.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Axcelis Technologies from a hold rating to a buy rating and set a $36.00 price target on the stock in a research report on Thursday. Stifel Nicolaus upped their price target on Axcelis Technologies from $20.00 to $31.00 and gave the stock a hold rating in a research report on Wednesday. ValuEngine downgraded Axcelis Technologies from a buy rating to a hold rating in a research report on Monday, October 2nd. Benchmark Co. reissued a buy rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. Finally, B. Riley reissued a buy rating and issued a $30.00 target price on shares of Axcelis Technologies in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $29.83.

In related news, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total value of $282,125.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Douglas A. Lawson sold 14,454 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,641 shares of company stock worth $2,347,514. 5.66% of the stock is owned by insiders.

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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. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Earnings History and Estimates for Axcelis Technologies (NASDAQ:ACLS)

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