Analysts Set Axcelis Technologies, Inc. (ACLS) PT at $25.60

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.60.

ACLS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Wedbush boosted their price objective on shares of Axcelis Technologies from $23.00 to $27.00 in a report on Friday, June 16th. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective (up previously from $23.00) on shares of Axcelis Technologies in a report on Friday, June 16th. Benchmark Co. reiterated a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

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In other news, EVP Douglas A. Lawson sold 14,454 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total value of $305,268.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.57, for a total transaction of $282,125.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,641 shares of company stock worth $2,347,514. Company insiders own 5.66% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Axcelis Technologies by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,809,984 shares of the semiconductor company’s stock valued at $37,920,000 after purchasing an additional 43,975 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Axcelis Technologies by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock valued at $26,873,000 after purchasing an additional 57,052 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Axcelis Technologies by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 815,456 shares of the semiconductor company’s stock valued at $17,084,000 after purchasing an additional 20,904 shares in the last quarter. Peregrine Capital Management LLC raised its stake in shares of Axcelis Technologies by 405.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock valued at $12,001,000 after purchasing an additional 459,560 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Axcelis Technologies by 8.8% in the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock valued at $11,475,000 after purchasing an additional 44,530 shares in the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

Axcelis Technologies (NASDAQ ACLS) traded up 6.16% during trading on Friday, reaching $30.15. The company had a trading volume of 1,985,213 shares. The stock has a 50 day moving average price of $24.30 and a 200-day moving average price of $21.91. Axcelis Technologies has a 52-week low of $11.05 and a 52-week high of $31.40. The company has a market capitalization of $941.37 million, a PE ratio of 32.35 and a beta of 1.15.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The firm had revenue of $102.80 million during the quarter, compared to analyst estimates of $100.07 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 59.4% compared to the same quarter last year. On average, equities research analysts anticipate that Axcelis Technologies will post $1.26 earnings per share for the current fiscal year.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

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