Axcelis Technologies (NASDAQ:ACLS) Releases Q2 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLSGet Rating) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ~$1.00 for the period, compared to the Thomson Reuters consensus estimate of $1.01. The company issued revenue guidance of $205-215 million, compared to the consensus revenue estimate of $201.53 million.

Shares of NASDAQ ACLS opened at $60.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 4.12. Axcelis Technologies has a fifty-two week low of $33.36 and a fifty-two week high of $83.74. The stock has a market cap of $2.01 billion, a PE ratio of 21.00 and a beta of 1.67. The stock has a fifty day moving average of $65.53 and a 200-day moving average of $64.36.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Axcelis Technologies had a net margin of 14.89% and a return on equity of 19.42%. The company had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $193.12 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. Axcelis Technologies’s revenue for the quarter was up 53.3% on a year-over-year basis. On average, sell-side analysts predict that Axcelis Technologies will post 3.99 EPS for the current year.

Several analysts have weighed in on ACLS shares. StockNews.com cut Axcelis Technologies from a strong-buy rating to a buy rating in a report on Wednesday, April 27th. Zacks Investment Research cut shares of Axcelis Technologies from a buy rating to a hold rating in a research report on Tuesday, April 12th. Finally, B. Riley upped their target price on shares of Axcelis Technologies from $87.00 to $98.00 in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $77.80.

In related news, Director Joseph P. Keithley sold 3,000 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $69.05, for a total transaction of $207,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary G. Puma sold 11,000 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $69.23, for a total value of $761,530.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,636 shares of company stock valued at $1,799,316. Company insiders own 2.15% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc grew its holdings in Axcelis Technologies by 1,406.9% in the 4th quarter. NEXT Financial Group Inc now owns 437 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 408 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Axcelis Technologies by 26.1% in the second quarter. Royal Bank of Canada now owns 3,486 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 721 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Axcelis Technologies by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 46,612 shares of the semiconductor company’s stock worth $3,475,000 after purchasing an additional 914 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Axcelis Technologies by 1.7% during the 4th quarter. Wells Fargo & Company MN now owns 58,033 shares of the semiconductor company’s stock valued at $4,327,000 after purchasing an additional 998 shares during the period. Finally, Alliancebernstein L.P. raised its position in Axcelis Technologies by 3.7% during the 4th quarter. Alliancebernstein L.P. now owns 46,080 shares of the semiconductor company’s stock valued at $3,436,000 after purchasing an additional 1,645 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

About Axcelis Technologies (Get Rating)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements.

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

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