Axcelis Technologies Inc. (ACLS) Earns “Buy” Rating from B. Riley
Axcelis Technologies Inc. (NASDAQ:ACLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research note issued on Monday.
A number of other equities analysts have also recently issued reports on the stock. TheStreet raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Axcelis Technologies has an average rating of “Buy” and a consensus target price of $8.50.
Axcelis Technologies (NASDAQ:ACLS) opened at 12.49 on Monday. The firm has a market cap of $364.18 million, a P/E ratio of 32.87 and a beta of 1.60. The firm’s 50-day moving average price is $11.90 and its 200-day moving average price is $11.02. Axcelis Technologies has a 12 month low of $7.16 and a 12 month high of $12.80.
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Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Axcelis Technologies had a return on equity of 6.18% and a net margin of 4.19%. The firm earned $64.45 million during the quarter, compared to the consensus estimate of $66.04 million. During the same period last year, the business posted $0.05 EPS. The business’s revenue was down 17.8% compared to the same quarter last year. On average, equities research analysts expect that Axcelis Technologies will post $0.37 EPS for the current fiscal year.
In related news, EVP William J. Bintz sold 5,751 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $11.98, for a total value of $68,896.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arthur L. George, Jr. purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average cost of $11.24 per share, for a total transaction of $56,200.00. Following the transaction, the director now owns 27,987 shares in the company, valued at approximately $314,573.88. The disclosure for this purchase can be found here. 5.13% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of Axcelis Technologies by 10.5% in the second quarter. Alliancebernstein L.P. now owns 38,800 shares of the company’s stock valued at $104,000 after buying an additional 3,700 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Axcelis Technologies by 276.5% in the first quarter. Goldman Sachs Group Inc. now owns 41,408 shares of the company’s stock valued at $116,000 after buying an additional 30,410 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Axcelis Technologies by 0.7% in the second quarter. Guggenheim Capital LLC now owns 47,145 shares of the company’s stock valued at $127,000 after buying an additional 306 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Axcelis Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 83,766 shares of the company’s stock valued at $235,000 after buying an additional 461 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Axcelis Technologies during the second quarter valued at $230,000.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.
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