Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $93.69 and last traded at $93.79, with a volume of 652079 shares traded. The stock had previously closed at $95.65.
Analyst Ratings Changes
A number of brokerages have recently commented on ACLS. Benchmark decreased their price objective on shares of Axcelis Technologies from $180.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. B. Riley lowered their price target on Axcelis Technologies from $190.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Bank of America raised their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, July 10th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Friday, August 2nd. Finally, Craig Hallum raised their price target on Axcelis Technologies from $130.00 to $174.00 and gave the company a "buy" rating in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $167.33.
Read Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Price Performance
The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.05 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.02 and a beta of 1.58. The company has a 50 day moving average of $104.88 and a 200-day moving average of $115.03.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a net margin of 21.54% and a return on equity of 27.35%. The business had revenue of $256.51 million for the quarter, compared to the consensus estimate of $250.06 million. During the same period in the prior year, the company posted $1.86 earnings per share. Axcelis Technologies's revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that Axcelis Technologies, Inc. will post 6.05 EPS for the current year.
Insider Activity
In related news, Director Jorge Titinger sold 6,086 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total transaction of $669,338.28. Following the sale, the director now owns 5,891 shares of the company's stock, valued at $647,892.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.43% of the stock is owned by company insiders.
Institutional Investors Weigh In On Axcelis Technologies
Large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Axcelis Technologies during the 4th quarter worth approximately $424,000. Goldman Sachs Group Inc. boosted its holdings in shares of Axcelis Technologies by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company's stock valued at $57,399,000 after purchasing an additional 3,999 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Axcelis Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 4,040,912 shares of the semiconductor company's stock valued at $524,066,000 after purchasing an additional 92,584 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Axcelis Technologies by 5.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,357 shares of the semiconductor company's stock valued at $435,000 after purchasing an additional 168 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Axcelis Technologies by 14.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 34,264 shares of the semiconductor company's stock worth $3,821,000 after buying an additional 4,339 shares during 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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