DA Davidson reaffirmed their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS – Get Rating) in a research note released on Tuesday morning, PriceTargets.com reports. DA Davidson also issued estimates for Axcelis Technologies’ Q4 2022 earnings at $1.05 EPS, FY2022 earnings at $4.80 EPS and FY2023 earnings at $4.86 EPS.
Several other research analysts have also issued reports on ACLS. Needham & Company LLC upped their target price on shares of Axcelis Technologies from $70.00 to $77.00 and gave the stock a buy rating in a research report on Friday, November 4th. StockNews.com lowered shares of Axcelis Technologies from a buy rating to a hold rating in a research report on Wednesday, December 28th.
Axcelis Technologies Trading Up 4.7 %
Axcelis Technologies stock opened at $82.42 on Tuesday. The stock has a market cap of $2.71 billion, a P/E ratio of 17.17 and a beta of 1.62. Axcelis Technologies has a fifty-two week low of $46.41 and a fifty-two week high of $88.73. The firm’s fifty day moving average price is $76.45 and its 200-day moving average price is $67.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.73.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The semiconductor company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $224.38 million. Axcelis Technologies has a net margin of 18.83% and a return on equity of 28.15%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts forecast that Axcelis Technologies will post 4.79 earnings per share for the current fiscal year.
Insider Activity at Axcelis Technologies
In related news, EVP Russell Low sold 7,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $73.64, for a total transaction of $567,028.00. Following the transaction, the executive vice president now directly owns 69,293 shares in the company, valued at approximately $5,102,736.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Russell Low sold 7,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $73.64, for a total transaction of $567,028.00. Following the transaction, the executive vice president now directly owns 69,293 shares in the company, valued at approximately $5,102,736.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mary G. Puma sold 3,998 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $80.01, for a total value of $319,879.98. Following the transaction, the chief executive officer now owns 401,910 shares in the company, valued at $32,156,819.10. The disclosure for this sale can be found here. Insiders sold 33,510 shares of company stock worth $2,610,973 in the last ninety days. 2.15% of the stock is owned by company insiders.
Institutional Investors Weigh In On Axcelis Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC lifted its holdings in Axcelis Technologies by 146.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 8,973 shares of the semiconductor company’s stock worth $543,000 after buying an additional 5,331 shares during the period. Robeco Institutional Asset Management BV lifted its holdings in Axcelis Technologies by 137.4% in the 3rd quarter. Robeco Institutional Asset Management BV now owns 26,420 shares of the semiconductor company’s stock worth $1,600,000 after buying an additional 15,291 shares during the period. Eagle Bay Advisors LLC lifted its holdings in Axcelis Technologies by 3.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 8,653 shares of the semiconductor company’s stock worth $524,000 after buying an additional 296 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in Axcelis Technologies in the 3rd quarter worth approximately $2,372,000. Finally, Alpha DNA Investment Management LLC purchased a new stake in Axcelis Technologies in the 3rd quarter worth approximately $516,000. Hedge funds and other institutional investors own 86.47% of the company’s stock.
About Axcelis Technologies
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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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