Q2 2024 EPS Estimates for Axcelis Technologies, Inc. (NASDAQ:ACLS) Decreased by William Blair

Axcelis Technologies, Inc. (NASDAQ:ACLS) – Research analysts at William Blair cut their Q2 2024 EPS estimates for Axcelis Technologies in a research note issued on Tuesday, May 7th. William Blair analyst J. Dorsheimer now anticipates that the semiconductor company will post earnings of $1.31 per share for the quarter, down from their previous forecast of $1.43. The consensus estimate for Axcelis Technologies’ current full-year earnings is $6.63 per share. William Blair also issued estimates for Axcelis Technologies’ Q3 2024 earnings at $1.52 EPS, Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $6.26 EPS, Q3 2025 earnings at $2.15 EPS and Q4 2025 earnings at $2.46 EPS.

Several other equities analysts have also recently commented on ACLS. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Friday, May 3rd. B. Riley decreased their price objective on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, May 3rd. B. Riley Financial lowered their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Benchmark lowered their price target on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus price target of $169.00.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $111.46 on Wednesday. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.24 and a beta of 1.64. The company has a fifty day moving average price of $107.89 and a 200-day moving average price of $120.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.87.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The firm had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.61 million. During the same period last year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year.

Insider Activity

In related news, EVP Douglas A. Lawson purchased 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

Several institutional investors have recently added to or reduced their stakes in ACLS. Rakuten Securities Inc. purchased a new stake in shares of Axcelis Technologies during the fourth quarter worth about $27,000. NBC Securities Inc. bought a new position in shares of Axcelis Technologies in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake in shares of Axcelis Technologies by 109.4% in the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Clearstead Advisors LLC purchased a new stake in Axcelis Technologies in the third quarter worth $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Axcelis Technologies during the third quarter valued at $34,000. Hedge funds and other institutional investors own 89.98% 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.