Axcelis Technologies Inc. (NASDAQ:ACLS) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.03-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $65-70 million, compared to the consensus revenue estimate of $67.75 million.
Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) opened at 13.75 on Wednesday. The company has a 50-day moving average of $12.38 and a 200 day moving average of $11.19. The firm has a market cap of $400.92 million, a P/E ratio of 36.18 and a beta of 1.56. Axcelis Technologies Inc. has a 12-month low of $7.16 and a 12-month high of $14.14.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The firm earned $64.45 million during the quarter, compared to analyst estimates of $66.04 million. Axcelis Technologies had a return on equity of 6.18% and a net margin of 4.19%. The company’s revenue was down 17.8% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. Equities analysts predict that Axcelis Technologies Inc. will post $0.37 EPS for the current year.
ACLS has been the topic of a number of recent analyst reports. Needham & Company LLC restated a buy rating and set a $15.00 target price on shares of Axcelis Technologies in a report on Tuesday, September 20th. Zacks Investment Research upgraded Axcelis Technologies from a hold rating to a buy rating and set a $11.00 target price on the stock in a report on Tuesday, July 5th. TheStreet upgraded Axcelis Technologies from a hold rating to a buy rating in a report on Friday, August 5th. Finally, B. Riley restated a buy rating on shares of Axcelis Technologies in a report on Monday, September 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $8.50.
In other news, EVP William J. Bintz sold 25,750 shares of Axcelis Technologies stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $11.98, for a total transaction of $308,485.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arthur L. George, Jr. acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were acquired at an average price of $11.24 per share, for a total transaction of $56,200.00. Following the acquisition, the director now directly owns 27,987 shares in the company, valued at $314,573.88. The disclosure for this purchase can be found here. Insiders own 5.13% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its position in Axcelis Technologies by 0.5% in the second quarter. Primecap Management Co. CA now owns 13,874,200 shares of the company’s stock valued at $37,322,000 after buying an additional 65,000 shares during the period. Vanguard Group Inc. boosted its position in Axcelis Technologies by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,389,164 shares of the company’s stock valued at $11,807,000 after buying an additional 166,182 shares during the period. BlackRock Fund Advisors boosted its position in Axcelis Technologies by 4.3% in the second quarter. BlackRock Fund Advisors now owns 2,997,110 shares of the company’s stock valued at $8,062,000 after buying an additional 123,277 shares during the period. State Street Corp boosted its position in Axcelis Technologies by 0.8% in the second quarter. State Street Corp now owns 1,797,277 shares of the company’s stock valued at $4,834,000 after buying an additional 13,551 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in Axcelis Technologies by 13.4% in the second quarter. BlackRock Investment Management LLC now owns 492,806 shares of the company’s stock valued at $1,326,000 after buying an additional 58,081 shares during the period.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.
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