Axcelis Technologies Inc (NASDAQ:ACLS) – Research analysts at B. Riley lowered their Q1 2018 earnings per share estimates for Axcelis Technologies in a research note issued to investors on Wednesday. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.42. B. Riley has a “Buy” rating and a $35.00 price objective on the stock. B. Riley also issued estimates for Axcelis Technologies’ Q2 2018 earnings at $0.36 EPS.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. Axcelis Technologies had a return on equity of 20.95% and a net margin of 30.92%. The business’s revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS.

ACLS has been the subject of a number of other reports. Needham & Company LLC reissued a “buy” rating and issued a $33.00 target price (down from $36.00) on shares of Axcelis Technologies in a research report on Wednesday. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Thursday, November 2nd. Stifel Nicolaus raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, January 22nd. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.50.

Shares of Axcelis Technologies (NASDAQ ACLS) traded down $0.70 during midday trading on Thursday, hitting $23.20. The company had a trading volume of 52,863 shares, compared to its average volume of 544,439. The firm has a market cap of $730.64, a PE ratio of 6.24, a PEG ratio of 0.67 and a beta of 1.01. Axcelis Technologies has a 1 year low of $14.60 and a 1 year high of $37.05.

A number of institutional investors have recently bought and sold shares of ACLS. Royal Bank of Canada lifted its position in Axcelis Technologies by 391.3% during the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 3,913 shares during the period. Advisor Group Inc. lifted its position in Axcelis Technologies by 143.7% during the 3rd quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 2,350 shares during the period. State of Alaska Department of Revenue acquired a new stake in Axcelis Technologies during the 4th quarter worth approximately $178,000. Jane Street Group LLC acquired a new stake in Axcelis Technologies during the 3rd quarter worth approximately $201,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new stake in Axcelis Technologies during the 2nd quarter worth approximately $220,000. 77.46% of the stock is owned by institutional investors.

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $61,254.00. The disclosure for this sale can be found here. 5.66% of the stock is currently owned by company insiders.

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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.

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