Axcelis Technologies Inc (NASDAQ:ACLS) has been given an average rating of “Buy” by the six ratings firms that are covering the stock. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.30.
ACLS has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and issued a $15.75 price target on shares of Axcelis Technologies in a research note on Tuesday, December 6th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Thursday, January 12th. Stifel Nicolaus cut Axcelis Technologies from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Axcelis Technologies in a research note on Tuesday, January 31st. Finally, Benchmark Co. reiterated a “buy” rating and issued a $18.50 price target on shares of Axcelis Technologies in a research note on Thursday, February 2nd.
Axcelis Technologies (NASDAQ:ACLS) opened at 16.05 on Thursday. Axcelis Technologies has a 12 month low of $8.92 and a 12 month high of $16.95. The firm has a 50-day moving average price of $15.69 and a 200-day moving average price of $14.16. The company has a market capitalization of $473.75 million, a price-to-earnings ratio of 44.58 and a beta of 1.32.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business earned $69.40 million during the quarter, compared to analysts’ expectations of $68.82 million. Axcelis Technologies had a return on equity of 5.65% and a net margin of 4.12%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. On average, equities analysts anticipate that Axcelis Technologies will post $0.93 earnings per share for the current fiscal year.
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In other Axcelis Technologies news, CFO Kevin J. Brewer sold 49,874 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $16.49, for a total transaction of $822,422.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William J. Bintz sold 20,250 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $16.01, for a total transaction of $324,202.50. Following the transaction, the executive vice president now owns 44,476 shares of the company’s stock, valued at $712,060.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,624 shares of company stock valued at $1,763,500. Company insiders own 5.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kalmar Investments Inc. DE purchased a new position in shares of Axcelis Technologies during the third quarter valued at approximately $771,000. Northpointe Capital LLC purchased a new position in shares of Axcelis Technologies during the third quarter valued at approximately $5,303,000. Symmetry Peak Management LLC purchased a new position in shares of Axcelis Technologies during the third quarter valued at approximately $232,000. State Street Corp increased its position in shares of Axcelis Technologies by 4.4% in the fourth quarter. State Street Corp now owns 495,084 shares of the company’s stock valued at $7,205,000 after buying an additional 20,751 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Axcelis Technologies by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,993 shares of the company’s stock valued at $23,323,000 after buying an additional 82,443 shares in the last quarter. Institutional investors and hedge funds own 71.74% of the company’s stock.
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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