Wall Street brokerages expect Axcelis Technologies Inc (NASDAQ:ACLS) to announce $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted earnings per share of $0.13 during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Axcelis Technologies will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.46. For the next year, analysts expect that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.70 to $1.93. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Axcelis Technologies.

A number of brokerages have recently issued reports on ACLS. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus lifted their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley reiterated a “buy” rating and issued a $39.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Finally, BidaskClub lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.33.

Shares of Axcelis Technologies (ACLS) traded up $0.30 during midday trading on Friday, hitting $31.30. 297,100 shares of the stock were exchanged, compared to its average volume of 323,360. The firm has a market cap of $965.60, a P/E ratio of 26.30, a P/E/G ratio of 0.86 and a beta of 1.10. Axcelis Technologies has a 1 year low of $14.45 and a 1 year high of $37.05.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John E. Aldeborgh sold 87,500 shares of Axcelis Technologies stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,190 shares of company stock valued at $6,334,389 in the last 90 days. 5.66% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Axcelis Technologies by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 660 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Axcelis Technologies by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,147 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Axcelis Technologies by 4.7% during the second quarter. New York State Common Retirement Fund now owns 30,975 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 1,399 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Axcelis Technologies by 5.2% during the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after purchasing an additional 1,416 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in Axcelis Technologies by 8.1% during the third quarter. American International Group Inc. now owns 20,140 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 1,506 shares during the last quarter. 77.95% of the stock is currently owned by institutional investors.

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Axcelis Technologies Company Profile

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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