Axcelis Technologies (NASDAQ:ACLS) Director Joseph P. Keithley sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total value of $107,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NASDAQ:ACLS traded down $0.47 during midday trading on Friday, reaching $23.05. The company’s stock had a trading volume of 225,815 shares, compared to its average volume of 406,893. The company has a market capitalization of $755.96, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.88 and a beta of 1.02. Axcelis Technologies has a fifty-two week low of $17.65 and a fifty-two week high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The firm’s revenue was up 67.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. research analysts predict that Axcelis Technologies will post 1.34 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in ACLS. Parametric Portfolio Associates LLC acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $1,229,000. Voya Investment Management LLC acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $271,000. Royal Bank of Canada lifted its stake in shares of Axcelis Technologies by 391.3% in the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares during the period. State Street Corp raised its stake in Axcelis Technologies by 8.8% during the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock worth $11,475,000 after buying an additional 44,530 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Axcelis Technologies by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,397 shares of the semiconductor company’s stock worth $510,000 after buying an additional 660 shares during the period. 89.08% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on ACLS shares. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Benchmark reaffirmed a “buy” rating and set a $33.00 target price (down from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th. Stifel Nicolaus raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.50.
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About Axcelis Technologies
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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