Axcelis Technologies Inc (NASDAQ:ACLS) – Equities research analysts at B. Riley decreased their Q2 2019 earnings per share (EPS) estimates for Axcelis Technologies in a research report issued to clients and investors on Wednesday, June 12th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn ($0.03) per share for the quarter, down from their prior forecast of $0.02. B. Riley also issued estimates for Axcelis Technologies’ Q4 2019 earnings at $0.31 EPS and Q1 2020 earnings at $0.28 EPS.
A number of other research analysts have also issued reports on ACLS. BidaskClub lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Northland Securities lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Benchmark reiterated a “buy” rating and issued a $26.00 target price on shares of Axcelis Technologies in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Axcelis Technologies has a consensus rating of “Hold” and a consensus target price of $27.25.
ACLS opened at $15.13 on Friday. Axcelis Technologies has a 52 week low of $14.45 and a 52 week high of $25.17. The firm has a market cap of $485.57 million, a PE ratio of 11.55 and a beta of 1.43. The company has a quick ratio of 3.73, a current ratio of 5.76 and a debt-to-equity ratio of 0.12.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. Axcelis Technologies had a return on equity of 9.11% and a net margin of 9.23%. The business had revenue of $91.48 million during the quarter, compared to analyst estimates of $93.05 million. During the same period last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 25.1% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Axcelis Technologies by 1.0% in the first quarter. BlackRock Inc. now owns 4,833,927 shares of the semiconductor company’s stock valued at $97,258,000 after buying an additional 48,255 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Axcelis Technologies by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,382,070 shares of the semiconductor company’s stock valued at $47,927,000 after buying an additional 96,135 shares in the last quarter. Royce & Associates LP acquired a new stake in Axcelis Technologies in the fourth quarter valued at $14,979,000. LSV Asset Management raised its stake in Axcelis Technologies by 278.7% in the fourth quarter. LSV Asset Management now owns 832,300 shares of the semiconductor company’s stock valued at $14,814,000 after buying an additional 612,500 shares in the last quarter. Finally, Norges Bank acquired a new stake in Axcelis Technologies in the fourth quarter valued at $10,517,000. Hedge funds and other institutional investors own 81.90% 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 curing systems and thermal processing systems.
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