Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $46.52 and last traded at $48.98, with a volume of 635495 shares changing hands. The stock had previously closed at $47.87.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on ACLS shares. Craig Hallum decreased their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. B. Riley reiterated a "neutral" rating and issued a $50.00 target price (down from $80.00) on shares of Axcelis Technologies in a report on Monday, April 21st. William Blair lowered shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $131.00.
Read Our Latest Analysis on ACLS
Axcelis Technologies Trading Up 3.2 %
The company's fifty day moving average is $51.44 and its 200-day moving average is $65.86. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.73 billion, a P/E ratio of 8.70, a P/E/G ratio of 4.52 and a beta of 1.52.
Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies declared that its Board of Directors has approved a share buyback plan on Wednesday, March 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
Institutional Trading of Axcelis Technologies
A number of hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Axcelis Technologies by 420.1% during the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company's stock valued at $929,000 after acquiring an additional 7,155 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Axcelis Technologies by 45.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 87,825 shares of the semiconductor company's stock valued at $6,136,000 after purchasing an additional 27,497 shares in the last quarter. Reinhart Partners LLC. boosted its position in Axcelis Technologies by 50.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company's stock valued at $72,393,000 after buying an additional 348,504 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Axcelis Technologies by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,630 shares of the semiconductor company's stock worth $533,000 after purchasing an additional 738 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after buying an additional 450 shares in the last quarter. Institutional investors own 89.98% of the company's stock.
Axcelis Technologies Company Profile
(
Get Free Report)
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.
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