Axcelis Technologies Inc (NASDAQ:ACLS) has been assigned an average rating of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.40.

A number of research analysts recently commented on ACLS shares. Zacks Investment Research downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. ValuEngine downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus boosted their price objective on shares of Axcelis Technologies from $20.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. B. Riley boosted their price objective on shares of Axcelis Technologies from $30.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd.

Axcelis Technologies (ACLS) traded down $1.62 during trading on Monday, hitting $25.30. 1,350,000 shares of the stock traded hands, compared to its average volume of 492,483. The stock has a market capitalization of $789.96, a P/E ratio of 21.26, a P/E/G ratio of 0.84 and a beta of 1.10. Axcelis Technologies has a 1-year low of $14.60 and a 1-year high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.10. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%. equities research analysts forecast that Axcelis Technologies will post 1.44 EPS for the current year.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total value of $61,254.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The disclosure for this sale can be found here. Insiders have sold 190,190 shares of company stock worth $6,334,389 over the last ninety days. 5.66% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of ACLS. Schwab Charles Investment Management Inc. grew its position in Axcelis Technologies by 31.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock worth $1,301,000 after acquiring an additional 15,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in Axcelis Technologies by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 170,554 shares of the semiconductor company’s stock worth $3,573,000 after acquiring an additional 7,424 shares in the last quarter. Swiss National Bank bought a new stake in Axcelis Technologies in the second quarter worth approximately $1,029,000. Wells Fargo & Company MN grew its position in Axcelis Technologies by 5.2% in the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock worth $599,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Axcelis Technologies in the second quarter worth approximately $735,000. 77.95% of the stock is owned by institutional investors.

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Axcelis Technologies Company Profile

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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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