Axcelis Technologies (NASDAQ:ACLS) Upgraded at StockNews.com

StockNews.com upgraded shares of Axcelis Technologies (NASDAQ:ACLSGet Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

ACLS has been the subject of a number of other research reports. B. Riley boosted their price objective on shares of Axcelis Technologies from $87.00 to $98.00 in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of Axcelis Technologies from a buy rating to a hold rating in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $77.80.

Shares of ACLS stock opened at $56.50 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 4.12. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 19.55 and a beta of 1.55. Axcelis Technologies has a 52 week low of $33.36 and a 52 week high of $83.74. The company has a 50-day simple moving average of $68.33 and a 200 day simple moving average of $63.84.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last posted its quarterly earnings data on Monday, February 7th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.21. The firm had revenue of $205.68 million during the quarter, compared to the consensus estimate of $190.04 million. Axcelis Technologies had a net margin of 14.89% and a return on equity of 19.42%. The business’s revenue for the quarter was up 68.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. Sell-side analysts forecast that Axcelis Technologies will post 3.99 EPS for the current year.

In related news, Director Joseph P. Keithley sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $69.05, for a total transaction of $207,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Brewer sold 8,636 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $70.89, for a total transaction of $612,206.04. The disclosure for this sale can be found here. Insiders sold a total of 25,636 shares of company stock valued at $1,799,316 over the last 90 days. Corporate insiders own 2.15% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ACLS. Senvest Management LLC increased its position in Axcelis Technologies by 8.2% in the 3rd quarter. Senvest Management LLC now owns 1,890,555 shares of the semiconductor company’s stock valued at $88,913,000 after acquiring an additional 143,034 shares during the period. Raymond James & Associates acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $276,000. Millennium Management LLC increased its position in Axcelis Technologies by 68.5% in the 3rd quarter. Millennium Management LLC now owns 305,847 shares of the semiconductor company’s stock valued at $14,384,000 after acquiring an additional 124,346 shares during the period. Newbridge Financial Services Group Inc. increased its position in Axcelis Technologies by 183.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 750 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 485 shares during the period. Finally, Two Sigma Investments LP increased its position in Axcelis Technologies by 84.5% in the 3rd quarter. Two Sigma Investments LP now owns 87,644 shares of the semiconductor company’s stock valued at $4,122,000 after acquiring an additional 40,139 shares during the period. Institutional investors and hedge funds own 83.76% of the company’s stock.

Axcelis Technologies Company Profile (Get Rating)

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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