Axcelis Technologies Inc. [ACLS] Revenue clocked in at $807.20 million, up 9.62% YTD: What’s Next?

Axcelis Technologies Inc. [NASDAQ: ACLS] surged by $9.34 during the normal trading session on Thursday and reaching a high of $82.59 during the day while it closed the day at $81.73. The company report on August 11, 2022 that AXCELIS ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCES.

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Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company’s plans to participate in the following upcoming investor conferences:.

The D.A. Davidson Big Sky Technology Summit taking place Monday, August 22, 2022 and Tuesday, August 23, 2022. Axcelis management will host one-on-one and small group meetings on Tuesday, August 23rd with interested investors. For more information on the conference, or to schedule a one-on-one meeting, please contact a D.A. Davidson representative.

Axcelis Technologies Inc. stock has also gained 8.70% of its value over the past 7 days. However, ACLS stock has inclined by 45.66% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.63% and gained 9.62% year-on date.

The market cap for ACLS stock reached $2.74 billion, with 33.10 million shares outstanding and 32.40 million shares in the current float. Compared to the average trading volume of 401.87K shares, ACLS reached a trading volume of 1920193 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Axcelis Technologies Inc. [ACLS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACLS shares is $91.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACLS stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for Axcelis Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 10, 2021. While these analysts kept the previous recommendation, Needham raised their target price from $37 to $42. The new note on the price target was released on January 21, 2021, representing the official price target for Axcelis Technologies Inc. stock. Previously, the target price had yet another raise to $26, while Stifel analysts kept a Buy rating on ACLS stock.

The Average True Range (ATR) for Axcelis Technologies Inc. is set at 4.34, with the Price to Sales ratio for ACLS stock in the period of the last 12 months amounting to 3.39. The Price to Book ratio for the last quarter was 4.61, with the Price to Cash per share for the same quarter was set at 8.58. Price to Free Cash Flow for ACLS in the course of the last twelve months was 22.10 with Quick ratio for the last quarter at 3.10.

ACLS stock trade performance evaluation

Axcelis Technologies Inc. [ACLS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.70. With this latest performance, ACLS shares gained by 21.95% in over the last four-week period, additionally plugging by 20.63% over the last 6 months – not to mention a rise of 66.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACLS stock in for the last two-week period is set at 65.02, with the RSI for the last a single of trading hit 67.68, and the three-weeks RSI is set at 63.25 for Axcelis Technologies Inc. [ACLS]. The present Moving Average for the last 50 days of trading for this stock 63.22, while it was recorded at 74.25 for the last single week of trading, and 63.97 for the last 200 days.

Axcelis Technologies Inc. [ACLS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Axcelis Technologies Inc. [ACLS] shares currently have an operating margin of +19.22 and a Gross Margin at +43.81. Axcelis Technologies Inc.’s Net Margin is presently recorded at +14.89.

Return on Equity for this stock inclined to 19.33, with Return on Assets sitting at 14.20.

Axcelis Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 4.40.

Earnings per share (EPS) analysis for Axcelis Technologies Inc. [ACLS] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Axcelis Technologies Inc. go to 20.00%.

Axcelis Technologies Inc. [ACLS]: Insider Ownership positions

There are presently around $2,293 million, or 87.00% of ACLS stock, in the hands of institutional investors. The top three institutional holders of ACLS stocks are: BLACKROCK INC. with ownership of 5,099,450, which is approximately 0.786% of the company’s market cap and around 2.60% of the total institutional ownership; VANGUARD GROUP INC, holding 2,777,163 shares of the stock with an approximate value of $226.98 million in ACLS stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $137.36 million in ACLS stock with ownership of nearly -13.138% of the company’s market capitalization.

Positions in Axcelis Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 140 institutional holders increased their position in Axcelis Technologies Inc. [NASDAQ:ACLS] by around 3,979,249 shares. Additionally, 146 investors decreased positions by around 2,925,251 shares, while 44 investors held positions by with 21,148,416 shares. The mentioned changes placed institutional holdings at 28,052,916 shares, according to the latest SEC report filing. ACLS stock had 41 new institutional investments in for a total of 1,016,749 shares, while 48 institutional investors sold positions of 372,281 shares during the same period.


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