Axcelis Technologies, Inc. (NASDAQ:ACLS) had its target price lowered by Stifel Nicolaus from $19.00 to $16.00 in a research report report published on Monday, May 15th, StockTargetPrices.com reports. The brokerage currently has a hold rating on the semiconductor company’s stock.
ACLS has been the subject of a number of other research reports. B. Riley reissued a buy rating and issued a $19.00 price objective on shares of Axcelis Technologies in a research note on Monday, January 16th. Benchmark Co. reaffirmed a buy rating and set a $21.00 price target on shares of Axcelis Technologies in a research report on Monday, April 10th. Needham & Company LLC reaffirmed a buy rating and set a $18.00 price target on shares of Axcelis Technologies in a research report on Tuesday, January 31st. Finally, Zacks Investment Research raised Axcelis Technologies from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Tuesday, January 31st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Axcelis Technologies has a consensus rating of Buy and an average target price of $24.33.
Shares of Axcelis Technologies (ACLS) traded up 3.74% on Monday, hitting $23.55. The stock had a trading volume of 627,983 shares. Axcelis Technologies has a 52-week low of $9.68 and a 52-week high of $26.52. The company has a 50-day moving average of $22.02 and a 200-day moving average of $17.36. The company has a market cap of $708.74 million, a P/E ratio of 39.58 and a beta of 1.09.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The firm had revenue of $86.90 million during the quarter, compared to analyst estimates of $80.15 million. Axcelis Technologies had a return on equity of 9.19% and a net margin of 6.48%. Axcelis Technologies’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, equities analysts anticipate that Axcelis Technologies will post $1.13 EPS for the current fiscal year.
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In other news, EVP Douglas A. Lawson sold 12,117 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $21.18, for a total transaction of $256,638.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lynnette C. Fallon sold 31,250 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $24.49, for a total transaction of $765,312.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 608,009 shares of company stock worth $13,254,355. Corporate insiders own 5.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ACLS. FNY Partners Fund LP bought a new position in shares of Axcelis Technologies during the first quarter worth $107,000. Driehaus Capital Management LLC bought a new position in shares of Axcelis Technologies during the first quarter worth $804,000. Symmetry Peak Management LLC bought a new position in shares of Axcelis Technologies during the first quarter worth $470,000. Highbridge Capital Management LLC bought a new position in shares of Axcelis Technologies during the first quarter worth $382,000. Finally, Bank of America Corp DE raised its position in shares of Axcelis Technologies by 32.2% in the first quarter. Bank of America Corp DE now owns 22,691 shares of the semiconductor company’s stock worth $427,000 after buying an additional 5,527 shares in the last quarter. 75.89% of the stock is currently 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. 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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