Axcelis Technologies (NASDAQ:ACLS) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Axcelis Technologies (NASDAQ:ACLS) announced its quarterly earnings data on Thursday. The semiconductor company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.33, Briefing.com reports. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The business had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded up $4.81 on Friday, hitting $111.45. The company had a trading volume of 763,595 shares, compared to its average volume of 536,798. The stock has a 50 day moving average price of $107.79 and a 200 day moving average price of $121.52. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.14 and a beta of 1.64. Axcelis Technologies has a 1-year low of $93.77 and a 1-year high of $201.00.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now owns 19,648 shares in the company, valued at $2,181,713.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ACLS shares. B. Riley cut their price target on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley Financial reduced their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday. Finally, Benchmark dropped their price target on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $169.00.

About Axcelis Technologies

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.