Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month High at $102.62

Axcelis Technologies, Inc. (NASDAQ:ACLSGet Rating)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $102.62 and last traded at $102.32, with a volume of 2475 shares traded. The stock had previously closed at $102.00.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Craig Hallum boosted their target price on Axcelis Technologies from $94.00 to $113.00 in a research report on Wednesday, January 11th. Needham & Company LLC lifted their price objective on Axcelis Technologies from $77.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 5th. B. Riley boosted their price objective on Axcelis Technologies from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, January 12th. StockNews.com lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Finally, DA Davidson boosted their price objective on Axcelis Technologies from $88.00 to $105.00 in a research report on Wednesday, January 11th.

Axcelis Technologies Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.73. The company has a 50-day moving average of $82.98 and a 200-day moving average of $70.02. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 20.45 and a beta of 1.62.

Axcelis Technologies (NASDAQ:ACLSGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The business had revenue of $229.20 million during the quarter, compared to analyst estimates of $224.38 million. Axcelis Technologies had a return on equity of 28.15% and a net margin of 18.83%. Axcelis Technologies’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 5.2 EPS for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, CEO Mary G. Puma sold 4,202 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total value of $337,462.62. Following the sale, the chief executive officer now owns 393,511 shares in the company, valued at approximately $31,602,868.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Axcelis Technologies news, EVP Russell Low sold 7,700 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $73.64, for a total value of $567,028.00. Following the sale, the executive vice president now owns 69,293 shares in the company, valued at approximately $5,102,736.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary G. Puma sold 4,202 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total value of $337,462.62. Following the sale, the chief executive officer now owns 393,511 shares in the company, valued at approximately $31,602,868.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,510 shares of company stock worth $2,610,973. Corporate insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Axcelis Technologies by 42.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 158 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in shares of Axcelis Technologies by 892.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 536 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 482 shares in the last quarter. CWM LLC raised its stake in shares of Axcelis Technologies by 36.6% during the 2nd quarter. CWM LLC now owns 702 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 188 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth approximately $46,000. Finally, Amundi bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth approximately $69,000. Institutional investors own 86.47% of the company’s stock.

Axcelis Technologies Company Profile

(Get Rating)

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. The company offers high energy, high current, and medium current implanters for various application requirements.

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