Axcelis Technologies (NASDAQ:ACLS) Stock Rating Upgraded by StockNews.com – Defense World
Posted by admin on Jul 10th, 2022 
Axcelis Technologies (NASDAQ:ACLS – Get Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Separately, B. Riley reduced their price target on shares of Axcelis Technologies from $98.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.75.
NASDAQ:ACLS opened at $52.27 on Friday. The company has a current ratio of 4.40, a quick ratio of 3.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.40 and a beta of 1.65. The firm has a fifty day simple moving average of $56.48 and a two-hundred day simple moving average of $63.05. Axcelis Technologies has a 12 month low of $33.36 and a 12 month high of $83.74.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.30. The business had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $193.12 million. Axcelis Technologies had a net margin of 16.88% and a return on equity of 23.53%. The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. Equities analysts predict that Axcelis Technologies will post 4.4 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Axcelis Technologies by 74.6% during the fourth quarter. Millennium Management LLC now owns 534,103 shares of the semiconductor company’s stock valued at $39,823,000 after buying an additional 228,256 shares during the last quarter. Covestor Ltd acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at about $56,000. Everence Capital Management Inc. grew its holdings in shares of Axcelis Technologies by 48.3% during the first quarter. Everence Capital Management Inc. now owns 11,700 shares of the semiconductor company’s stock valued at $884,000 after buying an additional 3,810 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Axcelis Technologies by 76.2% during the first quarter. Assenagon Asset Management S.A. now owns 329,125 shares of the semiconductor company’s stock valued at $24,859,000 after buying an additional 142,384 shares during the last quarter. Finally, Clark Capital Management Group Inc. acquired a new position in shares of Axcelis Technologies during the fourth quarter valued at about $1,864,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.
About Axcelis Technologies (Get Rating)
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. The company offers high energy, high current, and medium current implanters for various application requirements.
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