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.
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.
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