Axcelis Technologies (NASDAQ:ACLS) Director John T. Kurtzweil sold 900 shares of the stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $21.24, for a total transaction of $19,116.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Axcelis Technologies opened at $21.05 on Monday, Marketbeat reports. Axcelis Technologies has a 1-year low of $18.60 and a 1-year high of $37.05. The company has a market capitalization of $676.66 million, a PE ratio of 14.22, a PEG ratio of 0.76 and a beta of 1.04.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Axcelis Technologies had a net margin of 29.46% and a return on equity of 17.71%. The firm had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $118.08 million. During the same period last year, the company earned $0.29 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. sell-side analysts forecast that Axcelis Technologies will post 1.38 earnings per share for the current year.
A number of research firms have commented on ACLS. ValuEngine downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, May 4th. Needham & Company LLC dropped their price target on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, B. Riley dropped their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Axcelis Technologies currently has a consensus rating of “Buy” and a consensus target price of $30.50.
Several institutional investors have recently bought and sold shares of ACLS. BlackRock Inc. grew its stake in shares of Axcelis Technologies by 97.1% in the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock valued at $112,361,000 after buying an additional 1,928,927 shares during the period. Bogle Investment Management L P DE purchased a new position in shares of Axcelis Technologies during the 4th quarter worth approximately $9,523,000. Bank of New York Mellon Corp boosted its position in shares of Axcelis Technologies by 138.9% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the semiconductor company’s stock worth $11,888,000 after purchasing an additional 240,807 shares during the period. Two Sigma Advisers LP boosted its position in shares of Axcelis Technologies by 87.4% during the 4th quarter. Two Sigma Advisers LP now owns 349,249 shares of the semiconductor company’s stock worth $10,023,000 after purchasing an additional 162,899 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Axcelis Technologies by 315.0% during the 1st quarter. JPMorgan Chase & Co. now owns 208,248 shares of the semiconductor company’s stock worth $5,123,000 after purchasing an additional 158,065 shares during the period. 85.44% of the stock is owned by institutional investors and hedge funds.
Axcelis Technologies Company Profile
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.
Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.