Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equity research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $145.40.
A number of brokerages have commented on ACLS. Loop Capital began coverage on shares of Axcelis Technologies in a research note on Monday, February 27th. They issued a “buy” rating and a $150.00 target price for the company. DA Davidson reissued a “buy” rating on shares of Axcelis Technologies in a research report on Wednesday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Axcelis Technologies in a research report on Tuesday, March 28th. B. Riley raised their price target on shares of Axcelis Technologies from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $142.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, March 7th.
Axcelis Technologies Stock Performance
Shares of ACLS opened at $141.59 on Friday. Axcelis Technologies has a 12 month low of $46.41 and a 12 month high of $145.88. The firm has a fifty day simple moving average of $126.85 and a 200 day simple moving average of $106.75. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 24.97 and a beta of 1.71. The company has a current ratio of 3.49, a quick ratio of 2.51 and a debt-to-equity ratio of 0.06.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The firm had revenue of $254.02 million during the quarter, compared to analysts’ expectations of $239.89 million. Axcelis Technologies has a net margin of 19.49% and a return on equity of 29.43%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. Research analysts forecast that Axcelis Technologies will post 6.44 EPS for the current fiscal year.
Insider Activity
In related news, Director Tzu Yin Chiu sold 10,000 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $118.50, for a total transaction of $1,185,000.00. Following the sale, the director now directly owns 18,873 shares in the company, valued at approximately $2,236,450.50. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In related news, Director Tzu Yin Chiu sold 10,000 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $118.50, for a total transaction of $1,185,000.00. Following the sale, the director now directly owns 18,873 shares in the company, valued at approximately $2,236,450.50. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, insider Mary G. Puma sold 21,705 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $125.00, for a total transaction of $2,713,125.00. Following the sale, the insider now owns 332,412 shares in the company, valued at $41,551,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,596 shares of company stock worth $10,830,337. Corporate insiders own 1.43% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Axcelis Technologies by 24.8% in the 1st quarter. JPMorgan Chase & Co. now owns 55,943 shares of the semiconductor company’s stock valued at $4,226,000 after acquiring an additional 11,111 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Axcelis Technologies by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 332,749 shares of the semiconductor company’s stock valued at $25,133,000 after acquiring an additional 2,067 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Axcelis Technologies in the 1st quarter valued at $624,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Axcelis Technologies by 89.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,882 shares of the semiconductor company’s stock valued at $595,000 after acquiring an additional 3,728 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Axcelis Technologies by 10.9% in the 1st quarter. Citigroup Inc. now owns 35,302 shares of the semiconductor company’s stock valued at $2,666,000 after acquiring an additional 3,484 shares in the last quarter. Institutional investors own 86.47% of the company’s stock.
About Axcelis Technologies
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Axcelis Technologies, Inc is engaged in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.
Further Reading
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