DA Davidson Comments on Axcelis Technologies, Inc.’s Q2 2022 Earnings (NASDAQ:ACLS)

Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating) – Research analysts at DA Davidson issued their Q2 2022 EPS estimates for shares of Axcelis Technologies in a research report issued on Friday, May 6th. DA Davidson analyst T. Diffely expects that the semiconductor company will post earnings per share of $1.00 for the quarter. DA Davidson also issued estimates for Axcelis Technologies’ FY2023 earnings at $4.80 EPS.

Several other equities research analysts have also recently weighed in on ACLS. StockNews.com cut Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 27th. Zacks Investment Research lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, B. Riley boosted their price objective on shares of Axcelis Technologies from $87.00 to $98.00 in a research report on Wednesday, March 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Buy” and a consensus target price of $77.80.

NASDAQ ACLS opened at $58.20 on Monday. Axcelis Technologies has a 1 year low of $33.36 and a 1 year high of $83.74. The stock has a market capitalization of $1.93 billion, a PE ratio of 16.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.40 and a quick ratio of 2.83. The business’s 50-day moving average is $65.06 and its 200 day moving average is $64.67.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $203.60 million for the quarter, compared to analyst estimates of $193.12 million. Axcelis Technologies had a net margin of 16.88% and a return on equity of 23.53%. The company’s revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in Axcelis Technologies by 26.1% during the 2nd quarter. Royal Bank of Canada now owns 3,486 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 721 shares during the last quarter. Morgan Stanley grew its holdings in shares of Axcelis Technologies by 68.4% during the second quarter. Morgan Stanley now owns 285,431 shares of the semiconductor company’s stock valued at $11,536,000 after buying an additional 115,899 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Axcelis Technologies during the third quarter valued at approximately $276,000. Advisor Group Holdings Inc. raised its holdings in Axcelis Technologies by 137.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,563 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 905 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Axcelis Technologies by 96.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 47,750 shares of the semiconductor company’s stock valued at $2,246,000 after acquiring an additional 23,410 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

In other Axcelis Technologies news, Director Dennis Thomas St sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $72.81, for a total value of $218,430.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mary G. Puma sold 11,000 shares of Axcelis Technologies stock in a transaction that occurred 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. In the last 90 days, insiders sold 25,636 shares of company stock valued at $1,799,316. 2.15% of the stock is currently owned by company insiders.

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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