Equities Analysts Offer Predictions for Axcelis Technologies Inc’s Q3 2018 Earnings (ACLS)

Axcelis Technologies Inc (NASDAQ:ACLS) – B. Riley dropped their Q3 2018 earnings estimates for Axcelis Technologies in a research note issued to investors on Wednesday. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.54. B. Riley has a “Buy” rating and a $35.00 price objective on the stock. B. Riley also issued estimates for Axcelis Technologies’ Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.37 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.82 EPS.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The company’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday. Needham & Company LLC cut their price objective on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $33.00 price objective (down previously from $36.00) on shares of Axcelis Technologies in a research report on Thursday, January 18th. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.

Axcelis Technologies (NASDAQ:ACLS) opened at $23.05 on Friday. The firm has a market cap of $719.48, a P/E ratio of 15.27, a P/E/G ratio of 0.75 and a beta of 1.01. Axcelis Technologies has a 52-week low of $14.60 and a 52-week high of $37.05.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. Company insiders own 5.66% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in shares of Axcelis Technologies by 31.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock worth $1,301,000 after acquiring an additional 15,000 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Axcelis Technologies in the second quarter worth $1,029,000. Wells Fargo & Company MN grew its stake in shares of Axcelis Technologies by 5.2% in the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock worth $599,000 after acquiring an additional 1,416 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Axcelis Technologies in the second quarter worth $735,000. Finally, Teachers Advisors LLC grew its stake in shares of Axcelis Technologies by 11.7% in the second quarter. Teachers Advisors LLC now owns 53,867 shares of the semiconductor company’s stock worth $1,129,000 after acquiring an additional 5,633 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

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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.

Earnings History and Estimates for Axcelis Technologies (NASDAQ:ACLS)

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