ValuEngine cut shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a sell rating in a research report report published on Friday morning.
ACLS has been the subject of a number of other research reports. Needham & Company LLC lowered their target price on shares of Axcelis Technologies from $36.00 to $33.00 and set a buy rating for the company in a report on Wednesday, February 7th. Stifel Nicolaus raised shares of Axcelis Technologies from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Monday, January 22nd. BidaskClub lowered shares of Axcelis Technologies from a hold rating to a sell rating in a report on Wednesday, April 4th. Zacks Investment Research raised shares of Axcelis Technologies from a strong sell rating to a hold rating in a research report on Tuesday, April 10th. Finally, B. Riley reduced their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $30.50.
ACLS opened at $21.05 on Friday. Axcelis Technologies has a 52 week low of $18.60 and a 52 week high of $37.05. The firm has a market cap of $676.67 million, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Axcelis Technologies had a return on equity of 17.71% and a net margin of 29.46%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $118.08 million. During the same period in the prior year, the firm posted $0.29 EPS. Axcelis Technologies’s revenue was up 40.6% on a year-over-year basis. equities analysts forecast that Axcelis Technologies will post 1.38 earnings per share for the current fiscal year.
In other news, Director Joseph P. Keithley sold 4,000 shares of Axcelis Technologies stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $26.75, for a total transaction of $107,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Douglas A. Lawson sold 3,478 shares of Axcelis Technologies stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $26.52, for a total transaction of $92,236.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,378 shares of company stock worth $218,353. Insiders own 3.31% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in Axcelis Technologies by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 44,065 shares of the semiconductor company’s stock valued at $1,205,000 after acquiring an additional 15,493 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Axcelis Technologies in the 4th quarter valued at $387,000. Convergence Investment Partners LLC bought a new stake in Axcelis Technologies in the 4th quarter valued at $1,114,000. Schwab Charles Investment Management Inc. lifted its position in Axcelis Technologies by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 158,022 shares of the semiconductor company’s stock valued at $4,536,000 after acquiring an additional 4,919 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Axcelis Technologies in the 4th quarter valued at $178,000. 88.81% of the stock is currently owned by institutional investors.
About Axcelis Technologies
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.
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