Equities analysts expect that Axcelis Technologies Inc (NASDAQ:ACLS) will announce sales of $109.67 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Axcelis Technologies’ earnings, with the highest sales estimate coming in at $109.80 million and the lowest estimate coming in at $109.50 million. Axcelis Technologies posted sales of $69.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 58.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Axcelis Technologies will report full year sales of $109.67 million for the current financial year, with estimates ranging from $403.70 million to $404.00 million. For the next fiscal year, analysts expect that the firm will report sales of $444.53 million per share, with estimates ranging from $436.18 million to $452.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Axcelis Technologies.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, September 15th. Craig Hallum cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. B. Riley reissued a “buy” rating and set a $39.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Finally, ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.33.

In related news, EVP John E. Aldeborgh sold 87,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lynnette C. Fallon sold 56,250 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.92, for a total transaction of $1,851,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,190 shares of company stock valued at $6,334,389. 5.66% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in Axcelis Technologies by 143.7% during the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 2,350 shares during the period. Royal Bank of Canada boosted its position in Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 3,913 shares during the period. Jane Street Group LLC purchased a new stake in Axcelis Technologies during the 3rd quarter worth $201,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Axcelis Technologies during the 3rd quarter worth $230,000. Finally, J.P. Marvel Investment Advisors LLC purchased a new stake in Axcelis Technologies during the 2nd quarter worth $220,000. 77.95% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies (ACLS) opened at $31.00 on Monday. The firm has a market capitalization of $967.94, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.10. Axcelis Technologies has a twelve month low of $14.25 and a twelve month high of $37.05.

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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 also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

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