Axcelis Technologies (ACLS) Trading 6% Higher

Axcelis Technologies Inc (NASDAQ:ACLS) traded up 6% during mid-day trading on Wednesday . The stock traded as high as $19.55 and last traded at $18.98. 505,495 shares traded hands during trading, an increase of 34% from the average session volume of 377,331 shares. The stock had previously closed at $17.90.

Several equities research analysts have issued reports on the company. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine cut Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Zacks Investment Research cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Benchmark reissued a “buy” rating and set a $32.00 target price on shares of Axcelis Technologies in a research note on Friday, August 3rd. Finally, Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Axcelis Technologies has an average rating of “Buy” and a consensus price target of $29.50.

The company has a market cap of $614.11 million, a price-to-earnings ratio of 12.36 and a beta of 0.84.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.08. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The business had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $116.33 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. As a group, analysts predict that Axcelis Technologies Inc will post 1.33 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ACLS. Mount Yale Investment Advisors LLC acquired a new stake in shares of Axcelis Technologies in the first quarter valued at $143,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Axcelis Technologies in the second quarter valued at $148,000. Bank of Montreal Can acquired a new stake in shares of Axcelis Technologies in the second quarter valued at $161,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Axcelis Technologies by 362.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,363 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 8,121 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Axcelis Technologies in the second quarter valued at $209,000. 84.59% of the stock is owned by institutional investors and hedge funds.

About Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

Featured Story: What is a stock split?

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply