Several hedge funds and investors have recently changed their stakes in Axcelis Technologies. GAMMA Investing LLC increased its holdings by 109.4%, now owning 266 shares worth $30,000 after adding 139 shares. Signaturefd LLC grew its position by 348.9% to 211 shares valued at $30,000. Blue Trust Inc. boosted its stake by 223.8% to 272 shares worth $39,000. Ashton Thomas Private Wealth LLC also bought in for $39,000, and Isthmus Partners LLC raised its holdings by 87.3%, now owning 33,270 shares valued at $47,000. Overall, 89.98% of the stock is held by institutional investors.
Wall Street Analysts Forecast Growth
Analysts have provided mixed ratings for Axcelis Technologies (ACLS). Needham & Company maintains a “hold” rating, while DA Davidson upgraded their price target from $150 to $175 and issued a “buy” rating. Benchmark lowered its target from $180 to $175 while keeping a “buy” rating. Bank of America also raised its target from $125 to $150 with a “neutral” rating. Currently, the consensus rating is “Moderate Buy” with an average price target of $167.33.
Axcelis Technologies Price Performance
ACLS opened at $92.26 recently, with a 50-day moving average at $104.05 and a 200-day at $114.74. The stock’s 12-month low is $92.16 and high is $158.84. The company has a market cap of $3 billion and reported $1.55 EPS for the last quarter, beating estimates. Revenue was $256.51 million, slightly above expectations, but down 6.4% year-over-year. Analysts predict an EPS of 6.05 for the current year.
Insider Activity
Director Jorge Titinger sold 6,086 shares at $109.98 each, totaling about $669,338. Following the sale, he owns 5,891 shares valued at around $647,892. Company insiders currently hold 1.43% of the stock.
Axcelis Technologies Company Profile
Axcelis Technologies designs and manufactures equipment for semiconductor chip fabrication across the US, Europe, and Asia, offering various ion implantation and processing tools.
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