Axcelis Technologies (ACLS) Receives Daily Media Sentiment Score of 0.11

Media stories about Axcelis Technologies (NASDAQ:ACLS) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Axcelis Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.3608470213625 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research analysts have weighed in on ACLS shares. Benchmark restated a “buy” rating and issued a $33.00 price target (down from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Zacks Investment Research downgraded Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 9th. B. Riley dropped their price target on Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.50.

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Shares of ACLS traded up $0.05 during mid-day trading on Wednesday, hitting $24.15. 28,725 shares of the stock were exchanged, compared to its average volume of 448,798. The stock has a market capitalization of $743.91, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.87 and a beta of 1.02. Axcelis Technologies has a 52-week low of $17.70 and a 52-week high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The company’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. analysts expect that Axcelis Technologies will post 1.34 earnings per share for the current year.

In related news, EVP Douglas A. Lawson sold 3,478 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $26.52, for a total transaction of $92,236.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph P. Keithley sold 4,000 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $26.75, for a total value of $107,000.00. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

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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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