BidaskClub cut shares of Axcelis Technologies (NASDAQ:ACLS) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Axcelis Technologies from a sell rating to a strong sell rating in a report on Friday, June 8th. Zacks Investment Research upgraded shares of Axcelis Technologies from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $30.67.
Axcelis Technologies opened at $20.95 on Monday, MarketBeat Ratings reports. The stock has a market capitalization of $650.95 million, a price-to-earnings ratio of 14.16, a PEG ratio of 0.73 and a beta of 0.97. Axcelis Technologies has a 12-month low of $18.60 and a 12-month high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $118.08 million. Axcelis Technologies had a return on equity of 17.71% and a net margin of 29.46%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. equities research analysts predict that Axcelis Technologies will post 1.38 earnings per share for the current year.
In other news, EVP Douglas A. Lawson sold 6,107 shares of the stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $21.72, for a total transaction of $132,644.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.31% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Axcelis Technologies by 4.8% during the 1st quarter. Legal & General Group Plc now owns 59,434 shares of the semiconductor company’s stock worth $1,441,000 after purchasing an additional 2,747 shares in the last quarter. Rhumbline Advisers increased its position in Axcelis Technologies by 4.1% during the 1st quarter. Rhumbline Advisers now owns 73,555 shares of the semiconductor company’s stock worth $1,809,000 after purchasing an additional 2,871 shares in the last quarter. Advisor Group Inc. increased its position in Axcelis Technologies by 87.2% during the 4th quarter. Advisor Group Inc. now owns 7,459 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 3,474 shares in the last quarter. First Trust Advisors LP increased its position in Axcelis Technologies by 14.3% during the 4th quarter. First Trust Advisors LP now owns 28,402 shares of the semiconductor company’s stock worth $815,000 after purchasing an additional 3,547 shares in the last quarter. Finally, Aperio Group LLC increased its position in Axcelis Technologies by 16.8% during the 4th quarter. Aperio Group LLC now owns 24,868 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 3,579 shares in the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.
Axcelis Technologies Company Profile
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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