Axcelis Technologies, Inc. to Post Q3 2022 Earnings of $1.13 Per Share, B. Riley Forecasts (NASDAQ:ACLS) – MarketBeat
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Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) – Investment analysts at B. Riley upped their Q3 2022 earnings per share (EPS) estimates for shares of Axcelis Technologies in a note issued to investors on Thursday, August 4th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $1.13 per share for the quarter, up from their prior estimate of $1.02. The consensus estimate for Axcelis Technologies’ current full-year earnings is $4.69 per share. B. Riley also issued estimates for Axcelis Technologies’ Q4 2022 earnings at $1.01 EPS, FY2022 earnings at $4.68 EPS, Q1 2023 earnings at $1.08 EPS, Q2 2023 earnings at $1.18 EPS, Q3 2023 earnings at $1.24 EPS, Q4 2023 earnings at $1.27 EPS and FY2023 earnings at $4.77 EPS.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its earnings results on Wednesday, August 3rd. The semiconductor company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.33. Axcelis Technologies had a return on equity of 27.14% and a net margin of 18.47%. During the same quarter in the prior year, the business posted $0.55 earnings per share.
Several other brokerages also recently weighed in on ACLS. Needham & Company LLC increased their target price on Axcelis Technologies from $76.00 to $87.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com downgraded Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Axcelis Technologies has a consensus rating of “Buy” and an average target price of $82.25.
Axcelis Technologies Price Performance
Shares of NASDAQ:ACLS opened at $78.18 on Monday. The business has a 50 day moving average price of $59.30 and a 200 day moving average price of $62.18. Axcelis Technologies has a twelve month low of $41.31 and a twelve month high of $83.74. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 17.77 and a beta of 1.71. The company has a quick ratio of 3.02, a current ratio of 4.44 and a debt-to-equity ratio of 0.08.
Hedge Funds Weigh In On Axcelis Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP bought a new position in shares of Axcelis Technologies during the 1st quarter worth approximately $28,000. SJS Investment Consulting Inc. acquired a new stake in Axcelis Technologies during the 1st quarter valued at $29,000. Private Capital Group LLC acquired a new stake in Axcelis Technologies during the 1st quarter valued at $33,000. CWM LLC increased its holdings in Axcelis Technologies by 36.6% during the 2nd quarter. CWM LLC now owns 702 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 188 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in Axcelis Technologies during the 4th quarter valued at $56,000. Institutional investors own 83.38% of the company’s stock.
About Axcelis Technologies
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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.
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