Axcelis Technologies (ACLS) Earning Somewhat Favorable News Coverage, Study Finds

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News stories about Axcelis Technologies (NASDAQ:ACLS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Axcelis Technologies earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.9861553784742 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

A number of research firms have recently commented on ACLS. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, May 4th. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. ValuEngine lowered Axcelis Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, June 8th. Finally, Northland Securities initiated coverage on Axcelis Technologies in a research note on Wednesday, June 20th. They set an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.67.

Shares of Axcelis Technologies traded down $0.60, hitting $19.85, during trading hours on Monday, according to Marketbeat. The company had a trading volume of 633,302 shares, compared to its average volume of 407,902. The company has a market cap of $657.39 million, a P/E ratio of 13.41, a P/E/G ratio of 0.73 and a beta of 0.97. Axcelis Technologies has a 52-week low of $18.60 and a 52-week high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Axcelis Technologies had a net margin of 29.46% and a return on equity of 17.71%. The business had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $118.08 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. analysts expect that Axcelis Technologies will post 1.4 earnings per share for the current year.

In other news, EVP Douglas A. Lawson sold 6,107 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.72, for a total value of $132,644.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.31% of the company’s stock.

About Axcelis Technologies

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 dry strip equipment, curing systems, and thermal processing systems.

Insider Buying and Selling by Quarter for Axcelis Technologies (NASDAQ:ACLS)

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