Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $100 million, compared to the consensus revenue estimate of $99.83 million.
Several research firms recently weighed in on ACLS. BidaskClub downgraded Axcelis Technologies from a hold rating to a sell rating in a research note on Thursday, November 8th. Benchmark downgraded Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 2nd. ValuEngine upgraded Axcelis Technologies from a sell rating to a hold rating in a research note on Saturday, December 1st. Zacks Investment Research downgraded Axcelis Technologies from a hold rating to a sell rating in a research note on Monday, November 5th. Finally, B. Riley downgraded Axcelis Technologies from a buy rating to a neutral rating and cut their price target for the stock from $34.00 to $20.00 in a research note on Monday, October 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $27.00.
Axcelis Technologies stock opened at $18.06 on Monday. The company has a market capitalization of $585.69 million, a P/E ratio of 12.20 and a beta of 1.03. Axcelis Technologies has a twelve month low of $15.46 and a twelve month high of $31.00.
In related news, Director John T. Kurtzweil sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total value of $44,025.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.31% of the company’s stock.
Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.
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