Axcelis Technologies (NASDAQ:ACLS) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Axcelis Technologies (NASDAQ:ACLSGet Free Report) issued its earnings results on Thursday. The semiconductor company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17, Briefing.com reports. Axcelis Technologies had a net margin of 21.78% and a return on equity of 32.88%. The firm had revenue of $310.29 million during the quarter, compared to analyst estimates of $297.92 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. Axcelis Technologies’s revenue for the quarter was up 16.6% on a year-over-year basis.

Axcelis Technologies Trading Up 2.5 %

Shares of ACLS opened at $125.32 on Friday. Axcelis Technologies has a twelve month low of $105.28 and a twelve month high of $201.00. The company has a market cap of $4.10 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.05 and a beta of 1.69. The company has a current ratio of 3.89, a quick ratio of 2.69 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $128.01 and its 200-day simple moving average is $148.39.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ACLS. B. Riley dropped their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Bank of America lowered shares of Axcelis Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, December 15th. Finally, B. Riley Financial dropped their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.50.

View Our Latest Research Report on ACLS

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Axcelis Technologies by 33.0% in the fourth quarter. US Bancorp DE now owns 1,995 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 495 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Axcelis Technologies by 13.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,191 shares of the semiconductor company’s stock valued at $673,000 after acquiring an additional 635 shares during the period. Creative Planning raised its stake in shares of Axcelis Technologies by 14.4% in the third quarter. Creative Planning now owns 2,439 shares of the semiconductor company’s stock valued at $398,000 after acquiring an additional 307 shares during the period. The Manufacturers Life Insurance Company increased its stake in Axcelis Technologies by 30.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,200 shares of the semiconductor company’s stock worth $2,804,000 after buying an additional 3,993 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Axcelis Technologies in the 3rd quarter worth about $235,000. Hedge funds and other institutional investors own 88.93% of the company’s stock.

About Axcelis Technologies

(Get Free Report)

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.

Further Reading

Earnings History for Axcelis Technologies (NASDAQ:ACLS)

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