According to Zacks, investors can expect Axcelis Technologies, Inc. (NASDAQ:$ACLS) to post sales of $95.03 million for the current quarter. This is based on three analysts estimates ranging from $95.00 million to $95.10 million. During the same quarter last year, Axcelis posted sales of $65.65 million. On a year-over-year comparison, this would indicate 44.8% growth. An earnings report is expected to arrive from Axcelis on Wednesday, November, 1st.
Axcelis is a designer, manufacturer, and servicer of ion implantation and processing equipment used in the creation of semiconductor chips. They also provide tools, spare parts, equipment upgrades, maintenance, customer training, and other aftermarket lifecycle products and services.
Analysts predict that full-year sales will range from $379.80 million to $380.00 million. Further ahead, analysts are forecasting sales of $414.53 million per share with estimates that range from $402.60 million to $429.00 million, according to Zacks.
Axcelis’ last earnings report was released on Thursday, August 3rd. The company posted earnings per share of $0.33. This was $0.01 shy of analysts’ consensus estimates of $0.34. Compared to the same quarter last year, the company posted an EPS of $0.10. The company also reported revenue of $102.80 million, beating out consensus estimates of $100.07 million. Compared to the same quarter last year, reported revenue was 59.4% higher. The company also had a Net Margin of 9.10% and a Return on Equity of 12.52%.
Multiple firms have recently weighed in on the stock.
- BidaskClub: In a report on Saturday, August 5th, BidaskClub dropped its rating from a ‘Hold’ to a ‘Sell’.
- B. Riley (NASDAQ:$RILY): In a report on Wednesday, August 9th, B. Riley restated a ‘Buy’ rating with a target price of $30.00.
- Benchmark Co.: In a report on Friday, September 8th, this firm restated a ‘Buy’ rating and increased their target price from $24.00 to $28.00.
- Zacks Investment Research: In a report on Friday, September 22nd, Zacks dropped their rating from a ‘Buy’ to a ‘Hold’.
- ValuEngine: In a report on Monday, October 2nd, ValuEngine dropped their rating from ‘Buy’ to ‘Hold’.
In total, the stock has 3 ‘Buy’ ratings, 3 ‘Hold’ ratings, and 1 ‘Sell’ rating, as well as an average target price of $25.67.
On Friday, shares in the semiconductor company opened at $28.05. They currently have 50 and 200-day moving averages of $23.36 and $21.55 respectively. Their 52-week low is $11.05 and their 52-week high is $29.40. They have a market cap of $875.81 million, a P/E ratio of 30.10, and a beta of 1.15.
Multiple institutions have recently altered their positions in the company;
- State Street Corp (NYSE:$STT) bought 44,530 shares in the 2nd quarter, an increase of 8.8%, giving them a total of 547,721 shares valued at $11,475,000.
- Peregrine Capital Management LLC bought 459,560 shares during the 2nd quarter, an increase of 405.6%. for a total of 572,856 shares worth $12,001,000.
- Hood River Capital Management LLC bought 20,904 shares during the 2nd quarter, an increase of 2.6%, for a total of 815,456 shares worth $17,084,000.
- Vanguard Group Inc. (Privately Traded) bought 57,052 shares during the 2nd quarter, an increase of 4.7%, for a total of 1,282,745 shares valued at $26,873,000.
- Dimensional Fund Advisors LP (Privately Traded) bought 43,975 shares during the 2nd quarter, an increase of 2.5%, for a total of 1,809,984 shares worth $37,920,000.
In total, institutions currently own 75.34% of the company’s stock.
In insider news, Kevin J. Brewer, Axcelis CEO, sold 17,339 shares at an average price of $20.75 for a total transaction of $359,784.25. The sale took place on Tuesday, August 22nd. Douglas A Lawson, EVP, also sold 14,454 shares at an average price of $21.12 for a total of $305,268.48. This sale took place on Tuesday, August 15th. Over the last 90 days, insiders have sold 106,641 shares of the company with a total value of $2,347,514. Insider ownership currently accounts for 5.66% of the company’s stock.
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