Axcelis Technologies (NASDAQ:ACLS) Trading Up 5.4%
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.
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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