Axcelis Technologies, Inc. (ACLS) Given Consensus Rating of “Buy” by Brokerages
Axcelis Technologies, Inc. (NASDAQ:ACLS) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.33.
Several research firms have recently commented on ACLS. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $23.00) on shares of Axcelis Technologies in a research report on Friday, June 16th. Stifel Nicolaus decreased their target price on Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, May 15th. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 14th. Finally, ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
Shares of Axcelis Technologies (NASDAQ:ACLS) traded up 0.556% during mid-day trading on Tuesday, hitting $22.625. The company’s stock had a trading volume of 201,477 shares. Axcelis Technologies has a 1-year low of $11.05 and a 1-year high of $26.53. The company has a market cap of $706.42 million, a price-to-earnings ratio of 24.276 and a beta of 1.08. The company has a 50-day moving average of $21.06 and a 200 day moving average of $20.24.
Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Axcelis Technologies had a net margin of 9.10% and a return on equity of 12.52%. The firm had revenue of $102.80 million during the quarter, compared to analyst estimates of $100.07 million. During the same period in the previous year, the company posted $0.10 EPS. Axcelis Technologies’s revenue for the quarter was up 59.4% compared to the same quarter last year. On average, analysts expect that Axcelis Technologies will post $1.26 EPS for the current year.
In related news, CFO Kevin J. Brewer sold 17,339 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $20.75, for a total transaction of $359,784.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Douglas A. Lawson sold 14,454 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. Corporate insiders own 5.66% of the company’s stock.
Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after buying an additional 3,913 shares in the last quarter. Creative Planning grew its position in Axcelis Technologies by 22,400.0% during the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after buying an additional 5,600 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Axcelis Technologies during the first quarter worth approximately $107,000. J.P. Marvel Investment Advisors LLC acquired a new stake in Axcelis Technologies during the second quarter worth approximately $220,000. Finally, Voya Investment Management LLC acquired a new stake in Axcelis Technologies during the second quarter worth approximately $271,000. 75.85% of the stock is currently owned by institutional investors and hedge funds.
Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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