What is William Blair’s Forecast for ACLS FY2024 Earnings?

Axcelis Technologies, Inc. (NASDAQ:ACLS) – William Blair cut their FY2024 earnings per share (EPS) estimates for shares of Axcelis Technologies in a report issued on Wednesday, November 13th. William Blair analyst J. Dorsheimer now expects that the semiconductor company will post earnings of $5.86 per share for the year, down from their previous estimate of $6.04. The consensus estimate for Axcelis Technologies’ current full-year earnings is $5.90 per share. William Blair also issued estimates for Axcelis Technologies’ Q4 2024 earnings at $1.25 EPS.

Several other research analysts also recently commented on ACLS. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. B. Riley decreased their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $73.22 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The stock’s 50 day simple moving average is $94.75 and its 200-day simple moving average is $112.42. The company has a market cap of $2.38 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.46 and a beta of 1.60. Axcelis Technologies has a 1-year low of $73.15 and a 1-year high of $158.61.

Institutional Investors Weigh In On Axcelis Technologies

A number of hedge funds have recently modified their holdings of ACLS. Signaturefd LLC boosted its holdings in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. grew its position in Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 188 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Axcelis Technologies during the second quarter worth $39,000. Isthmus Partners LLC raised its position in Axcelis Technologies by 87.3% in 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. acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at $69,000. Hedge funds and other institutional investors own 89.98% 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.