Axcelis Technologies Inc (NASDAQ:ACLS) – B. Riley decreased their Q3 2019 earnings per share estimates for shares of Axcelis Technologies in a research note issued to investors on Thursday, August 8th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $0.00 per share for the quarter, down from their prior estimate of $0.06.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The business had revenue of $74.31 million during the quarter, compared to analysts’ expectations of $75.00 million. Axcelis Technologies had a return on equity of 5.53% and a net margin of 6.52%. The company’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS.
Several other equities analysts have also recently issued reports on ACLS. BidaskClub raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Northland Securities set a $15.00 price objective on Axcelis Technologies and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. TheStreet cut Axcelis Technologies from a “b” rating to a “c+” rating in a report on Thursday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $26.00 price target on shares of Axcelis Technologies in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.
Shares of ACLS stock opened at $15.28 on Monday. The firm has a market cap of $494.03 million, a PE ratio of 11.66 and a beta of 1.32. The company has a 50-day moving average of $15.32. The company has a current ratio of 6.63, a quick ratio of 4.04 and a debt-to-equity ratio of 0.12. Axcelis Technologies has a 52-week low of $13.99 and a 52-week high of $22.99.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Panagora Asset Management Inc. acquired a new position in Axcelis Technologies in the 2nd quarter worth about $33,000. Tyers Asset Management LLC raised its holdings in Axcelis Technologies by 17.3% in the 2nd quarter. Tyers Asset Management LLC now owns 5,536 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 816 shares during the period. Elkfork Partners LLC raised its holdings in Axcelis Technologies by 17.3% in the 2nd quarter. Elkfork Partners LLC now owns 7,612 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,122 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Axcelis Technologies by 448.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,792 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 5,554 shares during the period. Finally, Meadow Creek Investment Management LLC raised its holdings in Axcelis Technologies by 17.3% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 9,688 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 1,428 shares during the period. 80.83% of the stock is owned by institutional investors.
Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.
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