Axcelis Technologies (NASDAQ:ACLS) Stock Price Passes Above 50-Day Moving Average of $15.55

Axcelis Technologies Inc (NASDAQ:ACLS) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.55 and traded as high as $14.82. Axcelis Technologies shares last traded at $14.72, with a volume of 5,616 shares traded.

Several research firms have commented on ACLS. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Zacks Investment Research lowered Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Northland Securities lowered Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Benchmark reissued a “buy” rating and issued a $26.00 target price on shares of Axcelis Technologies in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

The company has a market capitalization of $495.78 million, a price-to-earnings ratio of 11.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.73 and a current ratio of 5.76. The firm’s fifty day moving average is $15.42.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $91.48 million for the quarter, compared to analyst estimates of $93.05 million. Axcelis Technologies had a return on equity of 9.11% and a net margin of 9.23%. The company’s revenue for the quarter was down 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, analysts expect that Axcelis Technologies Inc will post 0.35 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in ACLS. Royce & Associates LP acquired a new position in shares of Axcelis Technologies in the fourth quarter valued at approximately $14,979,000. Norges Bank purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at approximately $10,517,000. Dimensional Fund Advisors LP boosted its stake in shares of Axcelis Technologies by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,285,935 shares of the semiconductor company’s stock valued at $40,690,000 after buying an additional 208,263 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Axcelis Technologies by 463.3% in the first quarter. Victory Capital Management Inc. now owns 97,234 shares of the semiconductor company’s stock valued at $1,956,000 after buying an additional 79,971 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Axcelis Technologies by 1.5% in the fourth quarter. BlackRock Inc. now owns 4,785,672 shares of the semiconductor company’s stock valued at $85,184,000 after buying an additional 69,234 shares in the last quarter. 80.57% 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.

Featured Story: Convertible Shares

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.