Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $44.78, but opened at $43.00. Axcelis Technologies shares last traded at $43.40, with a volume of 36,240 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ACLS shares. B. Riley restated a "neutral" rating and set a $50.00 price objective (down from $80.00) on shares of Axcelis Technologies in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. William Blair cut Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Craig Hallum cut their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $131.00.
Check Out Our Latest Research Report on ACLS
Axcelis Technologies Stock Up 6.2 %
The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The business's fifty day moving average price is $53.50 and its 200 day moving average price is $68.97. The company has a market capitalization of $1.57 billion, a P/E ratio of 7.92, a P/E/G ratio of 4.52 and a beta of 1.59.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Axcelis Technologies
Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its position in Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after buying an additional 173 shares during the last quarter. Versant Capital Management Inc lifted its stake in Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 317 shares during the last quarter. Fifth Third Bancorp grew its position in Axcelis Technologies by 160.5% in the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 358 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 450 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Axcelis Technologies by 1,415.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 467 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Axcelis Technologies Company Profile
(
Get Free Report)
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 Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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