Axcelis Technologies (ACLS) to Release Earnings on Wednesday – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Axcelis Technologies (NASDAQ:ACLS – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 2nd. Analysts expect Axcelis Technologies to post earnings of $1.13 per share for the quarter. Axcelis Technologies has set its Q3 2022 guidance at $1.10-$1.15 EPS and its Q3 guidance at $1.10-$1.15 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last issued its earnings results on Wednesday, August 3rd. The semiconductor company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.29. Axcelis Technologies had a return on equity of 27.14% and a net margin of 18.47%. The business had revenue of $221.18 million during the quarter, compared to analyst estimates of $215.00 million. During the same period in the prior year, the company posted $0.55 earnings per share. On average, analysts expect Axcelis Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $57.87 on Wednesday. The business’s fifty day moving average price is $62.67 and its two-hundred day moving average price is $60.53. Axcelis Technologies has a fifty-two week low of $46.41 and a fifty-two week high of $83.74. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.44 and a quick ratio of 3.05.

Insider Transactions at Axcelis Technologies

In other news, CEO Mary G. Puma sold 13,288 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $75.94, for a total transaction of $1,009,090.72. Following the sale, the chief executive officer now owns 405,908 shares in the company, valued at $30,824,653.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mary G. Puma sold 13,288 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $75.94, for a total value of $1,009,090.72. Following the transaction, the chief executive officer now owns 405,908 shares in the company, valued at $30,824,653.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lynnette C. Fallon sold 3,787 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $75.50, for a total value of $285,918.50. Following the completion of the transaction, the vice president now owns 51,333 shares in the company, valued at approximately $3,875,641.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,825 shares of company stock worth $3,112,812. Insiders own 2.15% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its holdings in Axcelis Technologies by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 28,925 shares of the semiconductor company’s stock valued at $2,243,000 after acquiring an additional 209 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Axcelis Technologies by 8.5% in the first quarter. Guggenheim Capital LLC now owns 3,237 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 253 shares during the period. PNC Financial Services Group Inc. lifted its stake in Axcelis Technologies by 31.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,183 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 527 shares during the period. Baird Financial Group Inc. lifted its stake in Axcelis Technologies by 17.4% in the first quarter. Baird Financial Group Inc. now owns 4,436 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 659 shares during the period. Finally, Bank of Montreal Can lifted its stake in Axcelis Technologies by 8.1% in the first quarter. Bank of Montreal Can now owns 9,875 shares of the semiconductor company’s stock valued at $775,000 after buying an additional 736 shares during the period. Institutional investors own 84.08% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the topic of a number of analyst reports. StockNews.com initiated coverage on Axcelis Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. B. Riley upped their price target on Axcelis Technologies from $80.00 to $95.00 in a research report on Friday, August 5th. Needham & Company LLC upped their price target on Axcelis Technologies from $76.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Benchmark upped their price target on Axcelis Technologies to $87.00 in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $83.20.

Axcelis Technologies Company Profile

(Get Rating)
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. The company offers high energy, high current, and medium current implanters for various application requirements.

Featured Stories

Earnings History for Axcelis Technologies (NASDAQ:ACLS)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Axcelis Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Axcelis Technologies wasn’t on the list.
While Axcelis Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
The three stocks discussed have small market capitalizations. In a market pullback, small stocks get hit first but are also the ones that do best in a new rally
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source