Axcelis Technologies (NASDAQ:ACLS) Stock Price Up 3.4%

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) rose 3.4% during trading on Friday . The stock traded as high as $148.47 and last traded at $146.61. Approximately 68,328 shares were traded during trading, a decline of 89% from the average daily volume of 611,307 shares. The stock had previously closed at $141.75.

Wall Street Analyst Weigh In

ACLS has been the topic of several research analyst reports. Benchmark reduced their price target on shares of Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. B. Riley increased their price objective on shares of Axcelis Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Axcelis Technologies Stock Up 0.3 %

The firm’s 50 day simple moving average is $122.31 and its 200 day simple moving average is $119.12. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 3.44 and a beta of 1.60. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The company had revenue of $252.37 million for the quarter, compared to analyst estimates of $242.55 million. Sell-side analysts anticipate that Axcelis Technologies, Inc. will post 6.41 EPS for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $114.42, for a total value of $137,304.00. Following the sale, the director now owns 33,146 shares in the company, valued at $3,792,565.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new position in shares of Axcelis Technologies in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC boosted its holdings in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Axcelis Technologies by 100.7% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 153 shares in the last quarter. Private Trust Co. NA boosted its holdings in Axcelis Technologies by 627.9% during the fourth quarter. Private Trust Co. NA now owns 313 shares of the semiconductor company’s stock worth $41,000 after buying an additional 270 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Axcelis Technologies by 1,188.0% during the fourth quarter. Global Retirement Partners LLC now owns 322 shares of the semiconductor company’s stock worth $39,000 after buying an additional 297 shares in the last quarter. 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.