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

Axcelis Technologies (NASDAQ:ACLS) issued its earnings results on Thursday. The semiconductor company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33, Briefing.com reports. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.61 million. During the same period in the prior year, the company posted $1.43 earnings per share. Axcelis Technologies’s revenue was down .6% on a year-over-year basis.

Axcelis Technologies Price Performance

Shares of ACLS stock traded up $4.81 during trading hours on Friday, hitting $111.45. 763,595 shares of the company’s stock were exchanged, compared to its average volume of 536,798. Axcelis Technologies has a 52 week low of $93.77 and a 52 week high of $201.00. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.71. The stock’s 50-day moving average is $107.79 and its 200-day moving average is $121.52.

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson acquired 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $111.04 per share, with a total value of $55,520.00. Following the acquisition, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ACLS shares. Benchmark dropped their price objective on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research note on Friday. B. Riley lowered their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Friday. Finally, B. Riley Financial decreased their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and an average price target of $169.00.

Axcelis Technologies Company Profile

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.