Axcelis Technologies Inc (NASDAQ:ACLS) Director Joseph P. Keithley sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $26.75, for a total value of $107,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Axcelis Technologies Inc (ACLS) traded up $0.40 during trading on Wednesday, reaching $26.65. The company had a trading volume of 796,051 shares, compared to its average volume of 493,897. The company has a market capitalization of $842.86, a PE ratio of 7.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. Axcelis Technologies Inc has a fifty-two week low of $14.70 and a fifty-two week high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $109.76 million. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The firm’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. sell-side analysts anticipate that Axcelis Technologies Inc will post 1.34 EPS for the current year.
A number of analysts have recently weighed in on the company. BidaskClub lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Axcelis Technologies in a research note on Tuesday, December 5th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Benchmark restated a “buy” rating and issued a $33.00 target price (down from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Axcelis Technologies currently has a consensus rating of “Hold” and a consensus price target of $32.50.
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 3,913 shares during the last quarter. Elkfork Partners LLC bought a new position in Axcelis Technologies in the fourth quarter valued at about $103,000. Advisor Group Inc. boosted its holdings in Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 2,350 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Axcelis Technologies in the fourth quarter valued at about $178,000. Finally, Meadow Creek Investment Management LLC bought a new position in Axcelis Technologies in the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
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Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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