DA Davidson Has Optimistic Outlook of ACLS FY2025 Earnings

Axcelis Technologies, Inc. (NASDAQ:ACLS) – Analysts at DA Davidson upped their FY2025 earnings estimates for shares of Axcelis Technologies in a note issued to investors on Wednesday, May 7th. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $3.40 per share for the year, up from their previous estimate of $2.35. The consensus estimate for Axcelis Technologies’ current full-year earnings is $2.55 per share. DA Davidson also issued estimates for Axcelis Technologies’ FY2026 earnings at $4.40 EPS.

A number of other equities analysts have also issued reports on ACLS. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. B. Riley reaffirmed a “neutral” rating and issued a $50.00 price objective (down previously from $80.00) on shares of Axcelis Technologies in a research note on Monday, April 21st. Craig Hallum reduced their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, William Blair lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of “Hold” and a consensus target price of $131.00.

Axcelis Technologies Stock Performance

ACLS stock opened at $57.64 on Friday. The company has a 50-day simple moving average of $51.61 and a 200 day simple moving average of $65.28. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.85 billion, a P/E ratio of 9.37, a PEG ratio of 4.52 and a beta of 1.52. Axcelis Technologies has a fifty-two week low of $40.40 and a fifty-two week high of $158.61.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.39 by $0.65. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. The firm had revenue of $192.56 million for the quarter, compared to analysts’ expectations of $184.86 million. During the same period last year, the firm earned $1.57 EPS. The firm’s revenue was down 23.7% compared to the same quarter last year.

Axcelis Technologies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of Axcelis Technologies by 90.6% during the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Versant Capital Management Inc increased its position in Axcelis Technologies by 118.7% in the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 317 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 358 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 450 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 467 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.