Craig Hallum upgraded shares of Axcelis Technologies (NASDAQ:ACLS – Free Report) from a hold rating to a buy rating in a report published on Friday, MarketBeat.com reports. The firm currently has $130.00 price objective on the semiconductor company’s stock.
A number of other research analysts have also recently commented on ACLS. B. Riley Financial decreased their price target on Axcelis Technologies from $180.00 to $165.00 and set a buy rating on the stock in a research report on Friday, February 9th. B. Riley decreased their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a buy rating on the stock in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $169.00.
Read Our Latest Analysis on Axcelis Technologies
Axcelis Technologies Stock Performance
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.33. The business had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Analysts anticipate that Axcelis Technologies will post 6.63 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Douglas A. Lawson purchased 500 shares of Axcelis Technologies stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.43% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Axcelis Technologies during the 4th quarter worth $27,000. NBC Securities Inc. acquired a new stake in Axcelis Technologies during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its holdings in Axcelis Technologies by 109.4% during the 1st quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $33,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Axcelis Technologies in the 3rd quarter valued at approximately $34,000. 89.98% of the stock is currently owned by institutional investors.
Axcelis Technologies Company Profile
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.
Featured Stories
- Five stocks we like better than Axcelis Technologies
- High Flyers: 3 Natural Gas Stocks for March 2022
- MarketBeat Week in Review – 4/29 – 5/3
- Conference Calls and Individual Investors
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Why Invest in 5G? How to Invest in 5G Stocks
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
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.