() updated its earnings guidance for the second quarter of 2023 on Wednesday. The company gave a guidance for earnings per share (EPS), which ranged from $1.44 to $1.48, as opposed to the consensus estimate $1.46. The company provided revenue guidance between $255.00 million and $260.00 million compared to the consensus estimate of $249.58 millions. Axcelis updated its FY2023 guidance on EPS.
Changes in Analyst Ratings
ACLS has recently been the subject of several research reports. DA Davidson reiterated a buy rating for shares of Axcelis Technology in a report published on March 1st. Needham & Company LLC reiterated a buy rating on Axcelis Technologies shares and set a price target of $140.00 in a report published on Tuesday, 28th March. Benchmark reiterated a buy rating on Axcelis Technologies shares and set a price target of $142,00 in a report published on Tuesday, 7th March. In a report published on Thursday 16th March, a number of publications began covering shares of Axcelis Technologies. The stock was given a hold rating. Six analysts have given the stock a buy or a hold rating. Trading on Friday saw a $6.66 increase, bringing the total to $120.20. The trading volume was 575,726 versus its average of 499,088. The company has a simple moving 50-day average of $126.67 and a simple 200-day moving average at $101.98. The market cap is $3.93billion, the price-to earnings ratio is 21.20, and beta is 1.71. The company's debt-to equity ratio is 0.06; its quick ratio is 2.56; and its current ratio, 3.49. Axcelis Technology has a low of $46.41 over the past 12 months and a high of $136.38.
Axcelis Technologies (
) last released its earnings results on Wednesday, May 3rd. The semiconductor company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.18. The company had revenue of $254.02 million during the quarter, compared to analysts' expectations of $239.89 million. Axcelis Technologies had a net margin of 19.49% and a return on equity of 29.43%. Axcelis Technologies's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. As a group, sell-side analysts expect that Axcelis Technologies will post 5.9 earnings per share for the current year.
Axcelis Technologies Institutional Trading
Recently, institutional investors and hedge fund managers have bought and sold shares in the company. Bessemer Group Inc. increased its stake in Axcelis Technologies during the fourth quarter by 27.5%. Bessemer Group Inc. owns 389 of the semiconductor company stock, valued at $31,000, after purchasing an additional 84 share during the period. Public Employees Retirement System of Ohio increased its stake in Axcelis Technologies during the third quarter by 42.8%. Public Employees Retirement System of Ohio owns 527 of the semiconductor company stock, valued at $32,000. This is after purchasing an additional 158 of shares. Great West Life Assurance Co. Canada increased its stake in Axcelis Technologies during the first quarter by 0.7%. Great West Life Assurance Co. Can owns 28,925 of the semiconductor company stock, valued at $2.243,000. This is after acquiring 209 additional shares. Guggenheim Capital LLC increased its stake in Axcelis Technologies during the first quarter by 8.5%. Guggenheim Capital LLC owns 3,237 of the semiconductor company stock, valued at $244,000, after purchasing an additional 253 during the period. Money Concepts Capital Corp acquired a new position of shares in Axcelis Technologies at a value of approximately $30,000 during the fourth quarter. Currently, institutional investors and hedge fund own 86.47%.
Axcelis Technologies Company profile
Axcelis Technology, Inc manufactures capital equipment for the semiconductor industry. The company's ion implantation systems include high current, medium current and energy implants. It offers after-sales support and service, including spare parts, upgrades of equipment, used equipment and maintenance services.
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