Axcelis Technologies (ACLS) : 3 analysts are covering Axcelis Technologies (ACLS) and their average rating on the stock is 1, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
For the current week, the company shares have a recommendation consensus of Buy. Axcelis Technologies (NASDAQ:ACLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.69 and $11.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.75, notching a gain of 0.43% for the day. The total traded volume was 130,191 . The stock had closed at $11.70 on the previous day.
In a related news, Lawson Douglas A., officer (EVP, Corporate Mktg & Strategy) of Axcelis Technologies Inc, executed a transaction worth $12,500 on May 9, 2016. A total of 5,000 shares were purchased at an average price of $2.5. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Its customers are located in the United States, Europe and Asia Pacific. The Company offers a line of high energy, high current and medium current implanters for all application requirements. Its newest systems are all based on a common Purion platform which offers purity, precision and productivity by combining a single wafer end station, enabling unmatched throughput (500 wafers per hour) and a spot beam. Its Purion XE is the high energy system, which combines Axcelis production-proven RF Linac high energy, spot beam technology with the Purion platform.