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

Axcelis Technologies (NASDAQ:ACLS) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.250-1.250 for the period, compared to the consensus 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.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded down $2.02 during trading on Friday, hitting $85.08. The stock had a trading volume of 935,682 shares, compared to its average volume of 630,446. Axcelis Technologies has a 12-month low of $81.47 and a 12-month high of $158.61. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The company has a quick ratio of 3.26, a current ratio of 4.42 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $96.91 and a two-hundred day simple moving average of $113.25.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reduced their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Craig Hallum lifted their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. 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 report on Monday, July 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.33.

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.