Axcelis Technologies, Inc. (NASDAQ:ACLS) – Analysts at B. Riley raised their FY2016 earnings estimates for Axcelis Technologies in a note issued to investors on Wednesday. B. Riley analyst C. Ellis now expects that the brokerage will post earnings of $0.35 per share for the year, up from their previous forecast of $0.30. B. Riley currently has a “Buy” rating and a $19.00 price objective on the stock. B. Riley also issued estimates for Axcelis Technologies’ Q4 2016 earnings at $0.11 EPS, Q2 2017 earnings at $0.25 EPS, Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.26 EPS and FY2017 earnings at $0.95 EPS.

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

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

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Axcelis Technologies (NASDAQ:ACLS) traded down 0.156% on Friday, reaching $16.025. 123,311 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $13.87 and its 200 day moving average is $12.54. Axcelis Technologies has a 52 week low of $7.16 and a 52 week high of $16.55. The company has a market cap of $470.62 million, a price-to-earnings ratio of 63.845 and a beta of 1.50.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, November 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Axcelis Technologies had a net margin of 2.93% and a return on equity of 4.06%. The company had revenue of $67.50 million for the quarter, compared to the consensus estimate of $67.74 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was down 17.2% compared to the same quarter last year.

In other Axcelis Technologies news, Director Barbara J. Lundberg sold 7,000 shares of Axcelis Technologies 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 transaction, the director now owns 15,762 shares in the company, valued at $215,308.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.13% of the stock is owned by company insiders.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC boosted its position in Axcelis Technologies by 1.9% in the second quarter. Hood River Capital Management LLC now owns 2,047,778 shares of the company’s stock worth $5,509,000 after buying an additional 37,246 shares in the last quarter. California State Teachers Retirement System boosted its position in Axcelis Technologies by 1.7% in the second quarter. California State Teachers Retirement System now owns 244,469 shares of the company’s stock worth $658,000 after buying an additional 3,999 shares in the last quarter. California Public Employees Retirement System boosted its position in Axcelis Technologies by 179.6% in the second quarter. California Public Employees Retirement System now owns 902,300 shares of the company’s stock worth $2,427,000 after buying an additional 579,551 shares in the last quarter. Nationwide Fund Advisors boosted its position in Axcelis Technologies by 3.4% in the second quarter. Nationwide Fund Advisors now owns 101,785 shares of the company’s stock worth $274,000 after buying an additional 3,378 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Axcelis Technologies by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,389,164 shares of the company’s stock worth $11,807,000 after buying an additional 166,182 shares in the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.

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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