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Analyst Upgrade propels Axcelis Technologies (NASDAQ:ACLS) to a new 12-month high.

Analyst Upgrade propels Axcelis Technologies (NASDAQ:ACLS) to a new 12-month high.

Because Needham & Company LLC increased their price objective for Axcelis Technologies, Inc. (NASDAQ: ACLS) from $70.00 to $100.00 on Thursday, the company’s shares reached a new 52-week high on Friday. At this time, the investment advisory firm Needham & Company LLC advises investors to purchase the stock. During the trading session, the price of a share of Axcelis Technologies moved in a range that ranged from $88.81 to $87.54, and a total of 565821 shares were traded. One share of the stock was worth $82.42 at the time of the most recent trade.
Additional comments have been made on ACLS by a number of different individuals who specialize in stock research. According to a research note released by DA Davidson on Tuesday, the company plans to keep its “buy” rating on the shares of Axcelis Technologies. A research report published on December 28 contained an analysis that rated Axcelis Technologies’ stock as having a “hold” rating rather than the “buy” recommendation that StockNews.com had previously assigned to the company.
According to additional Axcelis Technologies-related news, Vice President Lynnette C. Fallon sold 3,563 shares on Tuesday, November 15. This information was made public by Axcelis Technologies. The sale of the stock at an average price of $79.00 per share brought in a total of $281,477.00, with $79.00 being the average price at which the stock was sold. His information was made public by Axcelis Technologies. The sale of the stock at an average price of $79.00 per share brought in a total of $281,477.00, with $79.00 being the average price at which the stock was sold. As a result of the sale, the company’s vice president now owns 47,770 shares of the company’s stock. The total value of these shares is approximately $3,773,830. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. Lynnette C. Fallon, the company’s vice president, sold a total of 3,563 shares of the company’s stock on Tuesday, November 15. The sale of the stock at an average price of $79.00 per share brought in a total of $281,477.00, with $79.00 being the average price at which the stock was sold. As a result of the sale, the company’s vice president now owns 47,770 shares of the company’s stock. The total value of these shares is approximately $3,773,830.
You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. In addition, on November 10, Director Joseph P. Keithley sold 2,000 of the company’s shares of stock. The total amount received for the sale of the shares was $148,040.00, and the price paid for each share, on average, was $74.02 at the time of purchase. The director now has direct ownership of 21,375 company shares, which have a combined value of approximately $1,582,177.50 as a direct consequence of the transaction. Disclosures that are related to the sale might be found in this section of the website. During the most recent quarter of the company’s fiscal year, company insiders sold 33,510 shares of company stock for a total price of $2,610,973. The current number of shares held by company insiders is 2.15 percent of the total shares issued by the company.
During the previous few months, hedge funds have either increased or decreased the amount of the company’s stock that they hold. During the third quarter, the Public Employees Retirement System of Ohio achieved a 42.8% increase in the proportion of Axcelis Technologies stock held by its investment portfolio. The Public Employees Retirement System of Ohio now has 527 shares of stock in the semiconductor company after purchasing an additional 158 shares during the most recent quarter for a total of 527 shares. The current market value of these shares is USD 32,000. CWM LLC’s ownership stake in Axcelis Technologies went up 36.6% during the second quarter due to the company’s recent investment. CWM LLC now has direct control over 702 shares of the semiconductor company’s stock due to the purchase of 188 additional shares during the most recent fiscal period. There is a value of $38,000 associated with these shares. After increasing its ownership in the company, Truvestments Capital LLC, during the second quarter, purchased a new position in Axcelis Technologies for approximately $46,000 to diversify its holdings in the business. In addition, Amundi invested more than 69 thousand dollars in a new position with Axcelis Technologies during the second quarter of the fiscal year. Last but not least, during the third quarter of 2018, Dupont Capital Management Corporation established a new investment in Axcelis Technologies by making a total contribution of $99,000 to the company. Institutional investors and hedge funds collectively own 86.47% of the total number of shares issued by the company.
The simple moving average over the past fifty days for this stock is $76.45, and the simple moving average over the past 200 days is $67.07. The stock’s price-to-earnings ratio is 18.20, and its beta value comes in at 1.62. The value of the company’s shares on the market is approximately $2.88 billion. A debt-to-equity ratio comes in at 0.07%, a quick ratio comes in at 2.64, and a current ratio comes in at 3.73.
On November 2, the most recent earnings report for Axcelis Technologies was made public. Axcelis Technologies’ shares are traded on the NASDAQ under the symbol ACLS. The earnings per share (EPS) of $1.21 that the semiconductor business reported for the quarter was $0.08 higher than the consensus estimate provided by analysts, which was $1.13. In other words, the analysts’ estimates were off by $0.08. The revenue for the company’s most recent quarter came in at $229.20 million, which is significantly higher than the projections of $224.38 million that professionals in the industry made. Axcelis Technologies had a return on equity of 28.15 percent and a net margin of 18.83 percent in their business. The company reported a 29.7% increase in revenue growth compared to the previous fiscal year. The company reported a profit of $0.81 per share for the same period in the previous year’s financial statements. Axcelis Technologies, Inc. is expected to generate earnings of 4.8 cents per share in 2018, according to projections made by stock and share analysts.
Axcelis Technologies, Inc. designs, manufactures, and provides technical support for ion implantation machines and other processing machines used in manufacturing semiconductor chips in the Americas, Europe, and Asia. These machines are used in the production of semiconductor chips. The company offers medium-current, high-current, and high-energy implanters to fulfill the needs of a broad range of applications.

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