Equities Analysts Set Expectations for ACLS FY2024 Earnings

Axcelis Technologies, Inc. (NASDAQ:ACLS) – Analysts at William Blair cut their FY2024 EPS estimates for Axcelis Technologies in a note issued to investors on Wednesday, November 13th. William Blair analyst J. Dorsheimer now anticipates that the semiconductor company will post earnings per share of $5.86 for the year, down from their previous forecast of $6.04. The consensus estimate for Axcelis Technologies’ current full-year earnings is $5.90 per share. William Blair also issued estimates for Axcelis Technologies’ Q4 2024 earnings at $1.25 EPS.

ACLS has been the topic of several other reports. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. B. Riley dropped their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 1.1 %

NASDAQ ACLS opened at $78.85 on Friday. The firm’s 50 day moving average price is $95.66 and its two-hundred day moving average price is $112.87. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.56 and a beta of 1.60. Axcelis Technologies has a twelve month low of $78.61 and a twelve month high of $158.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ACLS. Boston Trust Walden Corp bought a new position in shares of Axcelis Technologies in the 3rd quarter worth $53,099,000. Reinhart Partners LLC. raised its stake in shares of Axcelis Technologies by 64.1% in the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock valued at $72,096,000 after purchasing an additional 268,560 shares during the period. Vanguard Group Inc. raised its position in Axcelis Technologies by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after buying an additional 263,604 shares during the last quarter. Granite Investment Partners LLC bought a new position in Axcelis Technologies in the second quarter valued at $27,801,000. Finally, Boston Partners acquired a new position in Axcelis Technologies during the first quarter valued at approximately $20,819,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.