Axcelis Technologies, Inc. (ACLS) Expected to Announce Earnings of $0.39 Per Share
Analysts expect that Axcelis Technologies, Inc. (NASDAQ:ACLS) will post $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted earnings of $0.13 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is expected to report its next earnings report on Wednesday, February 7th.
On average, analysts expect that Axcelis Technologies will report full-year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.46. For the next financial year, analysts forecast that the business will post earnings of $1.81 per share, with EPS estimates ranging from $1.70 to $1.93. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Axcelis Technologies.
Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Axcelis Technologies in a report on Wednesday, August 9th. ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Stifel Nicolaus increased their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.33.
In other Axcelis Technologies news, EVP John E. Aldeborgh sold 87,500 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,038 shares of company stock valued at $8,016,850. 5.66% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after buying an additional 3,913 shares during the last quarter. Advisor Group Inc. grew its position in shares of Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 2,350 shares during the last quarter. Creative Planning grew its position in shares of Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 5,600 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Axcelis Technologies in the third quarter valued at about $201,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new stake in shares of Axcelis Technologies in the second quarter valued at about $220,000. 78.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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