Axcelis Technologies (NASDAQ:ACLS) Updates Q4 2024 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.250-1.250 for the period, compared to the consensus EPS estimate of 1.520. The company issued revenue guidance of $245.0 million-$245.0 million, compared to the consensus revenue estimate of $262.1 million.

Analyst Ratings Changes

ACLS has been the topic of several recent analyst reports. DA Davidson lifted their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Craig Hallum increased their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday. B. Riley dropped their price objective on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 2.3 %

Shares of NASDAQ:ACLS traded down $2.02 during trading on Friday, reaching $85.08. 935,682 shares of the company traded hands, compared to its average volume of 630,446. The business’s fifty day moving average is $96.91 and its 200-day moving average is $113.14. Axcelis Technologies has a 52-week low of $81.47 and a 52-week high of $158.61. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 2.57 and a beta of 1.60. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05.

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.