Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) – Equities researchers at B. Riley upped their Q2 2022 earnings per share (EPS) estimates for shares of Axcelis Technologies in a research note issued to investors on Thursday, May 5th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.94. B. Riley also issued estimates for Axcelis Technologies’ Q3 2022 earnings at $1.02 EPS, FY2022 earnings at $4.34 EPS, Q1 2023 earnings at $1.03 EPS, Q2 2023 earnings at $1.09 EPS, Q3 2023 earnings at $1.13 EPS, Q4 2023 earnings at $1.17 EPS and FY2023 earnings at $4.42 EPS.
Several other analysts also recently commented on ACLS. StockNews.com downgraded shares of Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 27th. Zacks Investment Research cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Buy” and a consensus target price of $77.80.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Axcelis Technologies had a return on equity of 23.53% and a net margin of 16.88%. The business had revenue of $203.60 million for the quarter, compared to analyst estimates of $193.12 million. During the same period in the previous year, the firm earned $0.48 EPS. The firm’s revenue was up 53.3% compared to the same quarter last year.
In other Axcelis Technologies news, CEO Mary G. Puma sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $69.23, for a total transaction of $761,530.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the company’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $72.81, for a total value of $218,430.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,636 shares of company stock worth $1,799,316. 2.15% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Invesco Ltd. raised its position in Axcelis Technologies by 263.7% during the third quarter. Invesco Ltd. now owns 616,462 shares of the semiconductor company’s stock valued at $28,991,000 after purchasing an additional 446,961 shares in the last quarter. Norges Bank acquired a new position in Axcelis Technologies during the fourth quarter worth about $21,609,000. Millennium Management LLC lifted its holdings in shares of Axcelis Technologies by 74.6% in the fourth quarter. Millennium Management LLC now owns 534,103 shares of the semiconductor company’s stock worth $39,823,000 after acquiring an additional 228,256 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Axcelis Technologies in the 1st quarter valued at approximately $13,492,000. Finally, Senvest Management LLC grew its holdings in shares of Axcelis Technologies by 8.2% during the 3rd quarter. Senvest Management LLC now owns 1,890,555 shares of the semiconductor company’s stock valued at $88,913,000 after purchasing an additional 143,034 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.
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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