Axcelis Technologies (NASDAQ:ACLS) Raised to Buy at Craig Hallum

Craig Hallum upgraded shares of Axcelis Technologies (NASDAQ:ACLS) 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.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $111.45 on Friday. The firm has a 50-day moving average price of $107.79 and a two-hundred day moving average price of $120.99. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $201.00. The company has a market capitalization of $3.63 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.20 and a beta of 1.64. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) 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.