Axcelis Technologies (NASDAQ:ACLS) Issues Earnings Results, Beats Expectations By $0.33 EPS

Axcelis Technologies (NASDAQ:ACLS) posted its quarterly earnings data on Thursday. The semiconductor company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33, Briefing.com reports. The firm had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS.

Axcelis Technologies Trading Up 4.5 %

Shares of NASDAQ ACLS traded up $4.81 during midday trading on Friday, hitting $111.45. The stock had a trading volume of 763,595 shares, compared to its average volume of 536,798. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.14 and a beta of 1.64. Axcelis Technologies has a 1-year low of $93.77 and a 1-year high of $201.00. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $107.79 and a 200 day moving average price of $121.52.

Insider Activity

In related news, EVP Douglas A. Lawson purchased 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, with a total value of $55,520.00. Following the transaction, the executive vice president now owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on ACLS shares. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Friday. B. Riley Financial lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Benchmark lowered their price target on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a report on Friday. B. Riley lowered their price target on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $169.00.

About Axcelis Technologies

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.