Axcelis Technologies, Inc. (NASDAQ:ACLS) – Research analysts at B. Riley issued their Q1 2018 earnings estimates for Axcelis Technologies in a note issued to investors on Wednesday. B. Riley analyst C. Ellis expects that the firm will post earnings per share of $0.24 for the quarter. B. Riley has a “Buy” rating and a $19.00 price target on the stock. B. Riley also issued estimates for Axcelis Technologies’ Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.63 EPS.

Several other equities research analysts also recently commented on the company. Benchmark Co. reaffirmed a “buy” rating and set a $16.00 target price on shares of Axcelis Technologies in a report on Thursday, November 3rd. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Axcelis Technologies in a report on Tuesday, September 20th. Finally, Stifel Nicolaus downgraded Axcelis Technologies from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.00.

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

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Shares of Axcelis Technologies (NASDAQ:ACLS) traded down 1.25% during mid-day trading on Thursday, hitting $15.85. The stock had a trading volume of 195,562 shares. The firm has a market cap of $465.48 million, a price-to-earnings ratio of 63.15 and a beta of 1.50. Axcelis Technologies has a one year low of $7.16 and a one year high of $16.55. The company has a 50-day moving average of $13.87 and a 200 day moving average of $12.54.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Wednesday, November 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Axcelis Technologies had a return on equity of 4.06% and a net margin of 2.93%. The business earned $67.50 million during the quarter, compared to analysts’ expectations of $67.74 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue for the quarter was down 17.2% on a year-over-year basis.

A number of large investors have recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in shares of Axcelis Technologies by 0.5% in the second quarter. Primecap Management Co. CA now owns 13,874,200 shares of the company’s stock valued at $37,322,000 after buying an additional 65,000 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Axcelis Technologies by 0.5% in the second quarter. Donald Smith & CO. Inc. now owns 11,352,669 shares of the company’s stock valued at $30,539,000 after buying an additional 53,513 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Axcelis Technologies by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,389,164 shares of the company’s stock valued at $11,807,000 after buying an additional 166,182 shares in the last quarter. SG Capital Management LLC increased its stake in shares of Axcelis Technologies by 22.2% in the second quarter. SG Capital Management LLC now owns 3,452,779 shares of the company’s stock valued at $9,288,000 after buying an additional 626,981 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Axcelis Technologies by 4.3% in the second quarter. BlackRock Fund Advisors now owns 2,997,110 shares of the company’s stock valued at $8,062,000 after buying an additional 123,277 shares in the last quarter. 70.74% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Axcelis Technologies, Inc. (ACLS) to Post Q1 2018 Earnings of $0.24 Per Share, B. Riley Forecasts” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of international copyright law. The legal version of this news story can be read at http://www.dailypolitical.com/2017/01/13/axcelis-technologies-inc-acls-to-post-q1-2018-earnings-of-0-24-per-share-b-riley-forecasts.html.

In related news, Director Barbara J. Lundberg sold 7,000 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $13.66, for a total value of $95,620.00. Following the completion of the sale, the director now directly owns 15,762 shares of the company’s stock, valued at approximately $215,308.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.13% of the stock is owned by corporate insiders.

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 operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.

5 Day Chart for NASDAQ:ACLS

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