Axcelis Technologies (ACLS) Issues Quarterly Earnings Results

Axcelis Technologies (NASDAQ:ACLS) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08, Briefing.com reports. The firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. The firm’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Axcelis Technologies updated its Q1 guidance to $0.44-$0.47 EPS.

Axcelis Technologies (NASDAQ:ACLS) opened at $25.80 on Wednesday. Axcelis Technologies has a 52-week low of $14.60 and a 52-week high of $37.05. The firm has a market cap of $749.20, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01.

Several research analysts have issued reports on the stock. B. Riley decreased their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC decreased their price target on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.50.

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 44,640 shares of Axcelis Technologies stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.93, for a total transaction of $1,514,635.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction that occurred 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. Insiders own 5.66% of the company’s stock.

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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 for Axcelis Technologies (NASDAQ:ACLS)

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