Axcelis Technologies Inc (NASDAQ:ACLS) – Stock analysts at B. Riley decreased their Q3 2019 earnings estimates for Axcelis Technologies in a research report issued to clients and investors on Wednesday, June 12th, according to Zacks Investment Research. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.08. B. Riley also issued estimates for Axcelis Technologies’ FY2019 earnings at $0.52 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.38 EPS and FY2020 earnings at $1.28 EPS.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $91.48 million during the quarter, compared to the consensus estimate of $93.05 million. Axcelis Technologies had a return on equity of 9.11% and a net margin of 9.23%. Axcelis Technologies’s revenue was down 25.1% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share.
A number of other analysts also recently issued reports on ACLS. Zacks Investment Research downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Northland Securities downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Finally, Benchmark restated a “buy” rating and issued a $26.00 price target on shares of Axcelis Technologies in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Axcelis Technologies presently has an average rating of “Hold” and an average target price of $27.00.
ACLS traded up $0.01 during trading on Thursday, reaching $15.16. The company had a trading volume of 72,922 shares, compared to its average volume of 172,921. The company has a market capitalization of $499.40 million, a PE ratio of 11.57 and a beta of 1.35. The business’s 50 day moving average is $15.14. Axcelis Technologies has a 52 week low of $13.99 and a 52 week high of $25.17. The company has a current ratio of 5.76, a quick ratio of 3.73 and a debt-to-equity ratio of 0.12.
Several large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of Axcelis Technologies by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 22,947 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 504 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Axcelis Technologies by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 17,263 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 672 shares during the last quarter. Comerica Bank lifted its position in shares of Axcelis Technologies by 2.6% during the first quarter. Comerica Bank now owns 31,996 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 805 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Axcelis Technologies by 4.2% during the fourth quarter. Texas Permanent School Fund now owns 21,210 shares of the semiconductor company’s stock worth $378,000 after purchasing an additional 851 shares during the last quarter. Finally, HL Financial Services LLC lifted its position in shares of Axcelis Technologies by 5.1% during the first quarter. HL Financial Services LLC now owns 19,741 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 959 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
Axcelis Technologies Company Profile
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.