Axcelis Technologies (NASDAQ:ACLS) Stock Price Up 13.2%

Axcelis Technologies Inc (NASDAQ:ACLS)’s share price rose 13.2% on Monday . The stock traded as high as $19.20 and last traded at $19.04, approximately 438,993 shares changed hands during trading. An increase of 44% from the average daily volume of 304,818 shares. The stock had previously closed at $16.82.

ACLS has been the topic of several recent analyst reports. TheStreet upgraded shares of Axcelis Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 11th. DA Davidson lowered shares of Axcelis Technologies from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Thursday. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday. BidaskClub upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 26th. Finally, B. Riley lowered shares of Axcelis Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $35.00 to $16.00 in a research note on Thursday, March 19th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axcelis Technologies has a consensus rating of “Buy” and a consensus target price of $21.50.

The stock’s fifty day simple moving average is $21.08 and its 200-day simple moving average is $21.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.43 and a current ratio of 5.47. The stock has a market cap of $596.61 million, a P/E ratio of 37.33 and a beta of 1.31.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.13. Axcelis Technologies had a net margin of 4.97% and a return on equity of 4.13%. The company had revenue of $107.70 million during the quarter, compared to the consensus estimate of $95.77 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Axcelis Technologies Inc will post 1.04 earnings per share for the current year.

In related news, VP Lynnette C. Fallon sold 19,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $28.25, for a total value of $550,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin J. Brewer sold 38,673 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $29.04, for a total transaction of $1,123,063.92. The disclosure for this sale can be found here. In the last three months, insiders sold 69,047 shares of company stock valued at $1,987,436. 2.93% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading L.P. acquired a new stake in Axcelis Technologies in the fourth quarter worth $51,000. Bank of Montreal Can lifted its stake in shares of Axcelis Technologies by 26.9% in the fourth quarter. Bank of Montreal Can now owns 4,526 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 960 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Axcelis Technologies in the fourth quarter valued at $135,000. J.P. Marvel Investment Advisors LLC bought a new position in shares of Axcelis Technologies in the third quarter valued at $179,000. Finally, Wesbanco Bank Inc. bought a new position in shares of Axcelis Technologies during the fourth quarter valued at about $205,000. Institutional investors own 85.01% of the company’s stock.

Axcelis Technologies Company Profile (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 curing systems and thermal processing systems.

Featured Story: Stocks Increasing Dividends

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.