Axcelis Technologies (NASDAQ:ACLS) Issues Q2 2022 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLSGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided EPS guidance of $1.00-$1.00 for the period, compared to the consensus EPS estimate of $0.97. The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $201.53 million.

Several brokerages have commented on ACLS. B. Riley raised their target price on shares of Axcelis Technologies from $87.00 to $98.00 in a report on Wednesday, March 30th. StockNews.com downgraded shares of Axcelis Technologies from a strong-buy rating to a buy rating in a report on Wednesday, April 27th. Finally, Zacks Investment Research upgraded shares of Axcelis Technologies from a hold rating to a strong-buy rating and set a $67.00 target price on the stock in a report on Monday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies presently has an average rating of Buy and an average target price of $77.60.

Shares of NASDAQ ACLS traded down $3.66 during midday trading on Monday, reaching $54.54. The company’s stock had a trading volume of 486,965 shares, compared to its average volume of 510,768. The company has a current ratio of 4.40, a quick ratio of 2.83 and a debt-to-equity ratio of 0.08. 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 capitalization of $1.81 billion, a price-to-earnings ratio of 15.04 and a beta of 1.67. The stock has a 50 day simple moving average of $65.06 and a 200-day simple moving average of $64.67.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Axcelis Technologies had a net margin of 16.88% and a return on equity of 23.53%. The company had revenue of $203.60 million for the quarter, compared to the consensus estimate of $193.12 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was up 53.3% compared to the same quarter last year. As a group, equities analysts anticipate that Axcelis Technologies will post 4.1 EPS for the current year.

In related news, CFO Kevin J. Brewer sold 8,636 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $70.89, for a total value of $612,206.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary G. Puma sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $69.23, for a total transaction of $761,530.00. The disclosure for this sale can be found here. Insiders sold 25,636 shares of company stock worth $1,799,316 over the last quarter. 2.15% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc grew its stake in shares of Axcelis Technologies by 1,406.9% in the fourth quarter. NEXT Financial Group Inc now owns 437 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 408 shares in the last quarter. Royal Bank of Canada boosted its position in Axcelis Technologies by 26.1% during 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 period. Schonfeld Strategic Advisors LLC bought a new position in Axcelis Technologies during the fourth quarter worth $209,000. Guggenheim Capital LLC bought a new position in Axcelis Technologies during the fourth quarter worth $222,000. Finally, Stifel Financial Corp bought a new position in Axcelis Technologies during the fourth quarter worth $259,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Company Profile (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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