Axcelis Technologies (NASDAQ:ACLS) Upgraded at StockNews.com

StockNews.com upgraded shares of Axcelis Technologies (NASDAQ:ACLSGet Rating) from a buy rating to a strong-buy rating in a report released on Friday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Axcelis Technologies from a buy rating to a hold rating in a report on Tuesday. B. Riley upped their price objective on Axcelis Technologies from $87.00 to $98.00 in a report on Wednesday, March 30th. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $77.80.

NASDAQ:ACLS opened at $56.43 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 19.53 and a beta of 1.55. The stock has a 50 day moving average of $68.55 and a two-hundred day moving average of $63.54. Axcelis Technologies has a 12 month low of $33.36 and a 12 month high of $83.74. The company has a current ratio of 4.12, a quick ratio of 2.83 and a debt-to-equity ratio of 0.09.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last issued its earnings results on Monday, February 7th. The semiconductor company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.21. The business had revenue of $205.68 million for the quarter, compared to analysts’ expectations of $190.04 million. Axcelis Technologies had a return on equity of 19.42% and a net margin of 14.89%. The business’s revenue for the quarter was up 68.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, research analysts forecast that Axcelis Technologies will post 3.99 earnings per share for the current year.

In other news, CEO Mary G. Puma sold 11,000 shares of the company’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $69.23, for a total transaction of $761,530.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 3,000 shares of the company’s stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $72.81, for a total value of $218,430.00. The disclosure for this sale can be found here. Insiders have sold 25,636 shares of company stock worth $1,799,316 over the last 90 days. 2.11% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc increased its holdings in Axcelis Technologies by 1,406.9% in the fourth quarter. NEXT Financial Group Inc now owns 437 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 408 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Axcelis Technologies by 183.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 750 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 485 shares during the last quarter. Covestor Ltd purchased a new position in Axcelis Technologies in the fourth quarter valued at $56,000. Future Financial Wealth Managment LLC purchased a new position in Axcelis Technologies in the fourth quarter valued at $116,000. Finally, Advisor Group Holdings Inc. increased its holdings in Axcelis Technologies by 137.5% in the third quarter. Advisor Group Holdings Inc. now owns 1,563 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 905 shares during the last quarter. 83.76% of the stock is currently owned by institutional investors and hedge funds.

About Axcelis Technologies (Get Rating)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements.

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