Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $169.00 Consensus PT from Brokerages

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $169.00.

Several brokerages have issued reports on ACLS. B. Riley Financial dropped their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research note on Friday, May 3rd. Benchmark cut their target price on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Friday, May 3rd. Finally, B. Riley dropped their price objective on Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 3rd.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson bought 500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Axcelis Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in Axcelis Technologies in the 3rd quarter valued at $28,000. Clearstead Advisors LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter worth approximately $33,000. Rakuten Securities Inc. bought a new stake in shares of Axcelis Technologies during the fourth quarter worth $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Axcelis Technologies in the 3rd quarter valued at about $34,000. Finally, GAMMA Investing LLC increased its holdings in shares of Axcelis Technologies by 109.4% in the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Trading Down 1.9 %

ACLS stock opened at $111.27 on Friday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.24 and a beta of 1.64. The business’s 50-day moving average is $107.88 and its 200 day moving average is $120.53. Axcelis Technologies has a 12-month low of $93.77 and a 12-month high of $201.00. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Axcelis Technologies will post 6.63 EPS for the current fiscal year.

Axcelis Technologies Company Profile

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.