Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) traded down 5.2% during trading on Tuesday . The stock traded as low as $57.56 and last traded at $56.88. 56,324 shares changed hands during trading, a decline of 91% from the average session volume of 655,555 shares. The stock had previously closed at $59.97.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, Craig Hallum lowered their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $154.00.
Check Out Our Latest Stock Report on ACLS
Axcelis Technologies Stock Performance
The stock's 50 day simple moving average is $65.95 and its two-hundred day simple moving average is $80.89. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.27, a P/E/G ratio of 4.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 21.02% and a net margin of 19.75%. As a group, research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.
Institutional Investors Weigh In On Axcelis Technologies
A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of Axcelis Technologies by 13.5% in the 3rd quarter. US Bancorp DE now owns 4,131 shares of the semiconductor company's stock valued at $433,000 after buying an additional 490 shares in the last quarter. Van ECK Associates Corp increased its stake in Axcelis Technologies by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company's stock valued at $2,490,000 after acquiring an additional 6,786 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Axcelis Technologies by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company's stock valued at $251,000 after purchasing an additional 132 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Axcelis Technologies by 6.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,065 shares of the semiconductor company's stock worth $1,894,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Versor Investments LP raised its holdings in shares of Axcelis Technologies by 286.7% during the 3rd quarter. Versor Investments LP now owns 7,831 shares of the semiconductor company's stock worth $821,000 after buying an additional 5,806 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.
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.
Further Reading
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