Axcelis Technologies (NASDAQ:ACLS – Get Free Report) declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Axcelis Technologies Stock Performance
Shares of ACLS opened at $58.47 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.05 and a current ratio of 5.41. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 4.52 and a beta of 1.62. The company’s 50 day simple moving average is $64.98 and its 200 day simple moving average is $79.84. Axcelis Technologies has a 1 year low of $53.67 and a 1 year high of $158.61.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. On average, sell-side analysts predict that Axcelis Technologies will post 2.55 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Report on ACLS
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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