Axcelis Technologies Inc. (ACLS) Issues Q3 Earnings Guidance
Axcelis Technologies Inc. (NASDAQ:ACLS) updated its third quarter earnings guidance on Tuesday. 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.
A number of equities analysts have commented on the company. B. Riley reissued a buy rating on shares of Axcelis Technologies in a research note on Tuesday, July 5th. Zacks Investment Research raised Axcelis Technologies from a hold rating to a buy rating and set a $11.00 price target on the stock in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Axcelis Technologies presently has an average rating of Buy and an average price target of $8.50.
Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) traded down 1.30% during trading on Tuesday, hitting $13.71. The stock had a trading volume of 156,338 shares. The stock has a market capitalization of $399.76 million, a price-to-earnings ratio of 36.08 and a beta of 1.56. The stock has a 50 day moving average price of $12.33 and a 200-day moving average price of $11.17. Axcelis Technologies Inc. has a one year low of $7.16 and a one year high of $14.14.
Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The company had revenue of $64.45 million for 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 firm’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities research analysts predict that Axcelis Technologies Inc. will post $0.37 earnings per share for the current year.
In other Axcelis Technologies news, EVP William J. Bintz sold 25,750 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Arthur L. George, Jr. acquired 5,000 shares of the stock in a transaction on Friday, August 5th. The shares were bought at an average price of $11.24 per share, for a total transaction of $56,200.00. Following the purchase, the director now owns 27,987 shares in the company, valued at $314,573.88. The disclosure for this purchase can be found here. Company insiders own 5.13% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Sei Investments Co. bought a new position in Axcelis Technologies during the second quarter worth approximately $641,000. Vanguard Group Inc. raised 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 worth $11,807,000 after buying an additional 166,182 shares during the period. Coe Capital Management LLC raised its position in Axcelis Technologies by 58.2% in the second quarter. Coe Capital Management LLC now owns 381,692 shares of the company’s stock worth $1,027,000 after buying an additional 140,492 shares during the period. BlackRock Fund Advisors raised 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 worth $8,062,000 after buying an additional 123,277 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in Axcelis Technologies during the second quarter worth approximately $230,000.
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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