B. Riley Lowers Earnings Estimates for Axcelis Technologies

Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) - Research analysts at B. Riley dropped their FY2024 earnings per share estimates for Axcelis Technologies in a research report issued on Thursday, November 7th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $5.86 per share for the year, down from their previous estimate of $6.03. B. Riley currently has a "Buy" rating and a $165.00 target price on the stock. The consensus estimate for Axcelis Technologies' current full-year earnings is $6.05 per share. B. Riley also issued estimates for Axcelis Technologies' Q4 2024 earnings at $1.25 EPS, Q1 2026 earnings at $1.54 EPS, Q2 2026 earnings at $1.65 EPS and Q3 2026 earnings at $1.72 EPS.

ACLS has been the topic of a number of other research reports. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Axcelis Technologies in a research note on Friday. Finally, DA Davidson raised their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $167.33.

Axcelis Technologies Trading Up 0.3 %

NASDAQ ACLS traded up $0.25 on Monday, hitting $85.33. The company's stock had a trading volume of 752,275 shares, compared to its average volume of 631,005. The firm has a market cap of $2.78 billion, a PE ratio of 12.53, a PEG ratio of 2.65 and a beta of 1.60. The company's 50-day moving average is $96.91 and its 200 day moving average is $113.35. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. Axcelis Technologies has a 1-year low of $81.47 and a 1-year high of $158.61.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACLS. Signaturefd LLC grew its position in Axcelis Technologies by 348.9% during the second quarter. Signaturefd LLC now owns 211 shares of the semiconductor company's stock valued at $30,000 after buying an additional 164 shares during the period. Blue Trust Inc. raised its holdings in shares of Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Axcelis Technologies in the second quarter valued at approximately $39,000. Isthmus Partners LLC grew its holdings in Axcelis Technologies by 87.3% during the second quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 15,507 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Axcelis Technologies in the second quarter worth $69,000. 89.98% of the stock is owned by institutional investors.

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.