William Blair Equities Analysts Reduce Earnings Estimates for Axcelis Technologies, Inc. (NASDAQ:ACLS)

Axcelis Technologies, Inc. (NASDAQ:ACLS) – Equities researchers at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for Axcelis Technologies in a note issued to investors on Friday, August 2nd. William Blair analyst J. Dorsheimer now forecasts that the semiconductor company will post earnings of $1.43 per share for the quarter, down from their previous estimate of $1.52. The consensus estimate for Axcelis Technologies’ current full-year earnings is $6.76 per share. William Blair also issued estimates for Axcelis Technologies’ Q2 2025 earnings at $1.53 EPS.

ACLS has been the subject of a number of other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, August 2nd. DA Davidson boosted their price target on shares of Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Bank of America upped their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Benchmark dropped their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, B. Riley lowered their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS opened at $107.18 on Monday. The stock has a market cap of $3.49 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $196.03. The firm has a fifty day moving average price of $131.98 and a 200-day moving average price of $120.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 2.87.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The company had revenue of $256.51 million during the quarter, compared to analyst estimates of $250.06 million. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year.

Institutional Trading of Axcelis Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Axcelis Technologies during the 4th quarter worth approximately $57,105,000. Reinhart Partners LLC. purchased a new position in Axcelis Technologies in the first quarter valued at $37,871,000. Jackson Square Partners LLC acquired a new position in shares of Axcelis Technologies in the fourth quarter worth about $42,892,000. Vanguard Group Inc. boosted its stake in shares of Axcelis Technologies by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Axcelis Technologies during the 1st quarter valued at about $20,819,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of Axcelis Technologies stock in a transaction on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the transaction, the director now directly owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of the transaction, the director now directly owns 33,146 shares of the company’s stock, valued at approximately $3,792,565.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jorge Titinger sold 6,086 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $647,892.18. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

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.