Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Recommendation of “Buy” by Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating) have been given a consensus rating of “Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $77.60.

Several equities research analysts have issued reports on ACLS shares. StockNews.com upgraded Axcelis Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. B. Riley increased their price objective on Axcelis Technologies from $87.00 to $98.00 in a research report on Wednesday, March 30th. Finally, Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research report on Monday, May 9th.

NASDAQ ACLS traded down $1.02 on Friday, hitting $56.25. 464,435 shares of the stock traded hands, compared to its average volume of 413,278. The business’s fifty day moving average is $63.47 and its two-hundred day moving average is $64.75. Axcelis Technologies has a 12 month low of $33.36 and a 12 month high of $83.74. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.50 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.02 and a current ratio of 4.40.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.30. The firm had revenue of $203.60 million for the quarter, compared to the consensus estimate of $193.12 million. Axcelis Technologies had a return on equity of 23.53% and a net margin of 16.88%. The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. Analysts expect that Axcelis Technologies will post 4.4 EPS for the current fiscal year.

In other news, Director Joseph P. Keithley sold 3,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $69.05, for a total transaction of $207,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Brewer sold 8,636 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $70.89, for a total transaction of $612,206.04. The disclosure for this sale can be found here. Insiders have sold 22,636 shares of company stock valued at $1,580,886 over the last quarter. Company insiders own 2.15% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new position in Axcelis Technologies in the 4th quarter worth $56,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Axcelis Technologies in the 4th quarter worth $310,000. Senvest Management LLC lifted its stake in Axcelis Technologies by 8.2% in the 3rd quarter. Senvest Management LLC now owns 1,890,555 shares of the semiconductor company’s stock worth $88,913,000 after purchasing an additional 143,034 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Axcelis Technologies by 75.4% in the 4th quarter. Lazard Asset Management LLC now owns 4,996 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 2,148 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in Axcelis Technologies in the 3rd quarter worth $276,000. 83.38% of the stock is owned by institutional investors.

Axcelis Technologies Company Profile (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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