Axcelis Technologies Inc (NASDAQ:ACLS) was up 5.4% on Tuesday . The stock traded as high as $17.28 and last traded at $17.25, approximately 407,533 shares were traded during trading. An increase of 84% from the average daily volume of 221,954 shares. The stock had previously closed at $16.36.

ACLS has been the topic of several recent research reports. Northland Securities set a $15.00 price target on Axcelis Technologies and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. BidaskClub upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, TheStreet lowered shares of Axcelis Technologies from a “b” rating to a “c+” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.00.

The firm has a market capitalization of $557.73 million, a P/E ratio of 13.17 and a beta of 1.29. The firm has a 50-day moving average price of $15.49 and a two-hundred day moving average price of $17.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.63 and a quick ratio of 4.04.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $74.31 million during the quarter, compared to analyst estimates of $75.00 million. Axcelis Technologies had a net margin of 6.52% and a return on equity of 5.53%. The business’s revenue was down 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. Sell-side analysts predict that Axcelis Technologies Inc will post 0.4 earnings per share for the current fiscal year.

In related news, EVP Douglas A. Lawson acquired 3,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $15.05 per share, with a total value of $45,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.72% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Axcelis Technologies by 2.2% in the second quarter. BlackRock Inc. now owns 4,941,904 shares of the semiconductor company’s stock valued at $74,373,000 after purchasing an additional 107,977 shares during the period. Senvest Management LLC increased its position in Axcelis Technologies by 26.0% during the 2nd quarter. Senvest Management LLC now owns 2,297,563 shares of the semiconductor company’s stock valued at $34,578,000 after purchasing an additional 474,801 shares during the period. Dimensional Fund Advisors LP increased its position in Axcelis Technologies by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,285,935 shares of the semiconductor company’s stock valued at $40,690,000 after purchasing an additional 208,263 shares during the period. Tenzing Global Management LLC raised its holdings in shares of Axcelis Technologies by 14.9% in the 2nd quarter. Tenzing Global Management LLC now owns 450,000 shares of the semiconductor company’s stock valued at $6,773,000 after purchasing an additional 58,200 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Axcelis Technologies by 2.1% in the 2nd quarter. Northern Trust Corp now owns 412,207 shares of the semiconductor company’s stock valued at $6,203,000 after purchasing an additional 8,605 shares in the last quarter. 82.33% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Company Profile (NASDAQ:ACLS)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.

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