DA Davidson restated their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS – Get Rating) in a report issued on Wednesday morning, PriceTargets.com reports. DA Davidson also issued estimates for Axcelis Technologies’ Q1 2023 earnings at $1.25 EPS, FY2023 earnings at $6.20 EPS and FY2024 earnings at $7.60 EPS.
Several other equity research analysts have also recently commented on the stock. Loop Capital began coverage on shares of Axcelis Technologies in a research report on Monday, February 27th. They issued a buy rating and a $150.00 target price for the company. Benchmark raised their target price on shares of Axcelis Technologies from $103.00 to $142.00 and gave the stock a buy rating in a research report on Friday, February 10th. StockNews.com cut shares of Axcelis Technologies from a buy rating to a hold rating in a research report on Wednesday, December 28th. B. Riley increased their price target on shares of Axcelis Technologies from $115.00 to $155.00 and gave the stock a buy rating in a research note on Friday, February 10th. Finally, Craig Hallum increased their price target on shares of Axcelis Technologies from $113.00 to $140.00 and gave the stock a buy rating in a research note on Friday, February 10th. One equity research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies has an average rating of Moderate Buy and an average price target of $145.33.
Axcelis Technologies Price Performance
ACLS stock opened at $129.91 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.56 and a current ratio of 3.54. Axcelis Technologies has a 52 week low of $46.41 and a 52 week high of $132.98. The firm’s fifty day moving average is $107.96 and its 200 day moving average is $82.13. The firm has a market cap of $4.25 billion, a P/E ratio of 23.79 and a beta of 1.72.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The semiconductor company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.25. The business had revenue of $266.05 million during the quarter, compared to analysts’ expectations of $251.80 million. Axcelis Technologies has a net margin of 19.90% and a return on equity of 30.16%. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. Research analysts predict that Axcelis Technologies will post 4.9 earnings per share for the current year.
Insider Buying and Selling at Axcelis Technologies
In other Axcelis Technologies news, CEO Mary G. Puma sold 4,202 shares of the firm’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $80.31, for a total transaction of $337,462.62. Following the completion of the sale, the chief executive officer now directly owns 393,511 shares in the company, valued at approximately $31,602,868.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Tzu Yin Chiu sold 1,700 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $127.12, for a total value of $216,104.00. Following the completion of the sale, the director now directly owns 28,873 shares in the company, valued at $3,670,335.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, CEO Mary G. Puma sold 4,202 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $80.31, for a total transaction of $337,462.62. Following the completion of the sale, the chief executive officer now owns 393,511 shares of the company’s stock, valued at $31,602,868.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,599 shares of company stock worth $769,650. 2.15% of the stock is owned by corporate insiders.
Institutional Trading of Axcelis Technologies
A number of large investors have recently made changes to their positions in ACLS. Belpointe Asset Management LLC bought a new stake in shares of Axcelis Technologies in the fourth quarter worth approximately $25,000. Money Concepts Capital Corp bought a new stake in shares of Axcelis Technologies in the fourth quarter worth approximately $30,000. Bessemer Group Inc. grew its stake in shares of Axcelis Technologies by 27.5% in the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 84 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Axcelis Technologies by 892.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 536 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 482 shares during the period. Finally, the Public Employees Retirement System of Ohio grew its stake in shares of Axcelis Technologies by 42.8% in the third quarter. The Public Employees Retirement System of Ohio now owns 527 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 158 shares during the period. 86.47% of the stock is currently owned by institutional investors.
About Axcelis Technologies
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Axcelis Technologies, Inc is engaged in the manufacture of capital equipment for the semiconductor chip manufacturing industry. It ion implantation systems product line includes high and medium current, and energy implanters. It also offers post-sales equipment service and support, such as spare parts, equipment upgrades, used equipment, maintenance services, and customer training.
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