Axcelis Technologies Inc (NASDAQ:ACLS) CFO Kevin J. Brewer sold 38,673 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $29.04, for a total value of $1,123,063.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Axcelis Technologies stock opened at $28.32 on Friday. The firm has a 50-day simple moving average of $25.15 and a two-hundred day simple moving average of $20.48. The company has a market cap of $918.16 million, a P/E ratio of 55.53 and a beta of 1.38. Axcelis Technologies Inc has a fifty-two week low of $13.99 and a fifty-two week high of $29.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.43 and a current ratio of 5.47.
Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. Axcelis Technologies had a return on equity of 4.13% and a net margin of 4.97%. The firm had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $95.77 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Axcelis Technologies Inc will post 1.04 EPS for the current year.
A number of analysts have recently commented on ACLS shares. Zacks Investment Research downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Benchmark lifted their price target on Axcelis Technologies from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 7th. DA Davidson began coverage on Axcelis Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company. B. Riley restated a “buy” rating and issued a $35.00 price objective (up previously from $27.00) on shares of Axcelis Technologies in a research report on Monday, February 3rd. Finally, ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.83.
Axcelis Technologies Company Profile
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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