A number of other analysts also recently commented on ACLS. B. Riley reaffirmed a buy rating on shares of Axcelis Technologies in a research report on Tuesday, July 5th. Zacks Investment Research raised Axcelis Technologies from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Tuesday, July 5th. Finally, TheStreet raised Axcelis Technologies from a hold rating to a buy rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Axcelis Technologies has an average rating of Buy and a consensus target price of $8.50.
Axcelis Technologies (NASDAQ:ACLS) opened at 13.10 on Tuesday. The firm has a market cap of $381.97 million, a PE ratio of 34.47 and a beta of 1.60. The stock’s 50 day moving average price is $12.08 and its 200-day moving average price is $11.07. Axcelis Technologies has a 12-month low of $7.16 and a 12-month high of $13.47.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. The company earned $64.45 million during the quarter, compared to the consensus estimate of $66.04 million. Axcelis Technologies had a return on equity of 6.18% and a net margin of 4.19%. Axcelis Technologies’s revenue was down 17.8% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. Equities research analysts anticipate that Axcelis Technologies will post $0.37 earnings per share for the current fiscal year.
In other news, EVP William J. Bintz sold 5,751 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $11.98, for a total value of $68,896.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur L. George, Jr. purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was bought at an average cost of $11.24 per share, with a total value of $56,200.00. Following the completion of the acquisition, the director now directly owns 27,987 shares of the company’s stock, valued at $314,573.88. The disclosure for this purchase can be found here. 5.13% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its position in Axcelis Technologies by 0.5% in the second quarter. Primecap Management Co. CA now owns 13,874,200 shares of the company’s stock worth $37,322,000 after buying an additional 65,000 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Axcelis Technologies by 0.5% in the second quarter. Donald Smith & CO. Inc. now owns 11,352,669 shares of the company’s stock worth $30,539,000 after buying an additional 53,513 shares during the last quarter. Vanguard Group Inc. raised its position in Axcelis Technologies by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,389,164 shares of the company’s stock worth $11,807,000 after buying an additional 166,182 shares during the last quarter. SG Capital Management LLC raised its position in Axcelis Technologies by 22.2% in the second quarter. SG Capital Management LLC now owns 3,452,779 shares of the company’s stock worth $9,288,000 after buying an additional 626,981 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Axcelis Technologies by 4.3% in the second quarter. BlackRock Fund Advisors now owns 2,997,110 shares of the company’s stock worth $8,062,000 after buying an additional 123,277 shares during the last quarter.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.
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