Axcelis Technologies (NASDAQ:ACLS) Stock Rating Upgraded by

Axcelis Technologies (NASDAQ:ACLSGet Ranking) was upgraded by equities scientists at from a “buy” rating to a “strong-buy” rating in a study note issued on Friday.

Individually, B. Riley decreased their selling price focus on on shares of Axcelis Systems from $98.00 to $80.00 and established a “buy” ranking on the inventory in a report on Wednesday, June 15th. 4 analysts have rated the stock with a get ranking and just one has assigned a solid invest in ranking to the stock. Centered on details from MarketBeat, the corporation has a consensus score of “Buy” and an ordinary target cost of $75.75.

Axcelis Systems inventory opened at $52.27 on Friday. The inventory has a industry cap of $1.73 billion, a P/E ratio of 14.40 and a beta of 1.65. The corporation has a rapid ratio of 3.02, a recent ratio of 4.40 and a personal debt-to-fairness ratio of .08. Axcelis Systems has a twelve thirty day period small of $33.36 and a twelve month large of $83.74. The company’s 50-day relocating average cost is $56.48 and its two-hundred day shifting average rate is $63.05.

Axcelis Systems (NASDAQ:ACLSGet Score) previous introduced its quarterly earnings benefits on Wednesday, Might 4th. The semiconductor enterprise noted $1.22 earnings for every share for the quarter, beating the consensus estimate of $.92 by $.30. The firm experienced earnings of $203.60 million for the quarter, as opposed to analysts’ expectations of $193.12 million. Axcelis Technologies experienced a web margin of 16.88% and a return on equity of 23.53%. The business’s revenue was up 53.3% on a calendar year-over-calendar year basis. For the duration of the exact interval in the prior year, the organization earned $.48 EPS. Equities analysts foresee that Axcelis Systems will publish 4.4 earnings per share for the recent fiscal yr.

Several large traders have just lately produced variations to their positions in the small business. Point out of Alaska Section of Revenue grew its place in shares of Axcelis Technologies by 7.5% throughout the 2nd quarter. Point out of Alaska Division of Profits now owns 24,978 shares of the semiconductor company’s stock worth $1,369,000 right after getting an extra 1,735 shares in the final quarter. Advisory Expert services Community LLC obtained a new place in shares of Axcelis Technologies throughout the 1st quarter well worth roughly $494,000. Virtu Financial LLC acquired a new situation in shares of Axcelis Systems for the duration of the 1st quarter well worth around $1,278,000. Lido Advisors LLC obtained a new situation in shares of Axcelis Technologies during the 1st quarter value roughly $423,000. Lastly, Quantbot Systems LP grew its situation in shares of Axcelis Technologies by 31.5% for the duration of the 1st quarter. Quantbot Systems LP now owns 12,099 shares of the semiconductor company’s inventory truly worth $913,000 immediately after paying for an added 2,899 shares in the final quarter. Hedge money and other institutional investors individual 83.38% of the company’s inventory.

Axcelis Systems Company Profile (Get Rating)

Axcelis Technologies, Inc types, manufactures, and services ion implantation and other processing devices applied in the fabrication of semiconductor chips in the United States, Europe, and Asia. The organization presents high strength, substantial current, and medium existing implanters for numerous software needs.

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