Axcelis Technologies Inc (NASDAQ:ACLS) had its target price reduced by Stifel Nicolaus from $19.00 to $16.00 in a research report report published on Friday, May 5th. They currently have a hold rating on the semiconductor company’s stock.
ACLS has been the topic of several other reports. Zacks Investment Research lowered shares of Axcelis Technologies from a strong-buy rating to a hold rating in a research report on Tuesday, April 4th. B. Riley reiterated a buy rating and issued a $19.00 price objective on shares of Axcelis Technologies in a research report on Monday, January 16th. Finally, Benchmark Co. reiterated a buy rating and issued a $18.50 price objective on shares of Axcelis Technologies in a research report on Thursday, February 2nd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $23.00.
Shares of Axcelis Technologies (NASDAQ:ACLS) traded up 1.5148% during trading on Friday, reaching $21.6734. The company had a trading volume of 169,626 shares. The firm has a market capitalization of $652.26 million, a P/E ratio of 36.4259 and a beta of 1.32. Axcelis Technologies has a 52-week low of $9.28 and a 52-week high of $22.85. The company has a 50 day moving average of $19.41 and a 200-day moving average of $15.95.
Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.21 by $0.08. Axcelis Technologies had a net margin of 4.12% and a return on equity of 5.65%. The business had revenue of $86.90 million for the quarter, compared to analyst estimates of $80.15 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities analysts expect that Axcelis Technologies will post $1.13 earnings per share for the current year.
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In other Axcelis Technologies news, EVP Douglas A. Lawson sold 12,117 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $21.18, for a total value of $256,638.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lynnette C. Fallon sold 31,250 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $21.22, for a total transaction of $663,125.00. Following the completion of the transaction, the vice president now owns 49,562 shares in the company, valued at $1,051,705.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 368,009 shares of company stock worth $7,753,517. 5.13% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. American International Group Inc. raised its position in Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock worth $337,000 after buying an additional 1,184 shares during the period. Teachers Advisors LLC raised its position in Axcelis Technologies by 3.4% in the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock worth $907,000 after buying an additional 1,568 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Axcelis Technologies by 11.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,593 shares of the semiconductor company’s stock worth $300,000 after buying an additional 2,060 shares during the period. Schneider Capital Management Corp raised its position in shares of Axcelis Technologies by 0.7% in the first quarter. Schneider Capital Management Corp now owns 394,346 shares of the semiconductor company’s stock valued at $7,414,000 after buying an additional 2,783 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Axcelis Technologies by 1.2% in the first quarter. UBS Group AG now owns 230,303 shares of the semiconductor company’s stock valued at $4,330,000 after buying an additional 2,827 shares during the last quarter. Institutional investors own 71.74% of the company’s stock.
About Axcelis Technologies
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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