Axcelis Technologies Inc (NASDAQ:ACLS) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.00.
ACLS has been the topic of several recent research reports. Northland Securities set a $13.00 price target on shares of Nabriva Therapeutics and gave the company a “buy” rating in a research report on Wednesday, May 8th. Benchmark reaffirmed a “buy” rating on shares of Gray Television in a research report on Thursday, May 9th. TheStreet cut shares of ZovioInc . from a “c-” rating to a “d” rating in a research report on Thursday, May 23rd. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th.
Several hedge funds have recently modified their holdings of ACLS. Victory Capital Management Inc. grew its stake in Axcelis Technologies by 463.3% in the 1st quarter. Victory Capital Management Inc. now owns 97,234 shares of the semiconductor company’s stock valued at $1,956,000 after buying an additional 79,971 shares in the last quarter. Tenzing Global Management LLC boosted its holdings in Axcelis Technologies by 12.5% in the 4th quarter. Tenzing Global Management LLC now owns 450,000 shares of the semiconductor company’s stock valued at $8,010,000 after purchasing an additional 50,000 shares during the period. BBT Capital Management LLC bought a new position in Axcelis Technologies in the 1st quarter valued at $465,000. BlackRock Inc. boosted its holdings in Axcelis Technologies by 1.5% in the 4th quarter. BlackRock Inc. now owns 4,785,672 shares of the semiconductor company’s stock valued at $85,184,000 after purchasing an additional 69,234 shares during the period. Finally, Norges Bank bought a new position in Axcelis Technologies in the 4th quarter valued at $10,517,000. Institutional investors own 80.57% of the company’s stock.
Shares of ACLS stock traded up $0.26 on Friday, reaching $15.97. 122,187 shares of the company were exchanged, compared to its average volume of 216,408. Axcelis Technologies has a one year low of $13.99 and a one year high of $25.17. The stock has a market capitalization of $526.08 million, a P/E ratio of 12.19 and a beta of 1.35. The company has a current ratio of 5.76, a quick ratio of 3.73 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $15.05.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Axcelis Technologies had a net margin of 9.23% and a return on equity of 9.11%. The business had revenue of $91.48 million for the quarter, compared to analysts’ expectations of $93.05 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down 25.1% compared to the same quarter last year. Equities research analysts predict that Axcelis Technologies will post 0.35 EPS for the current fiscal year.
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 curing systems and thermal processing systems.
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