Axcelis Technologies, Inc. (NASDAQ:ACLS) had its target price raised by B. Riley from $30.00 to $39.00 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms have also weighed in on ACLS. Zacks Investment Research upgraded Axcelis Technologies from a hold rating to a buy rating and set a $36.00 price target on the stock in a report on Thursday, November 2nd. Stifel Nicolaus increased their price target on Axcelis Technologies from $20.00 to $31.00 and gave the company a hold rating in a report on Wednesday, November 1st. ValuEngine lowered Axcelis Technologies from a buy rating to a hold rating in a report on Monday, October 2nd. Benchmark Co. restated a buy rating and set a $28.00 price target (up previously from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. Finally, BidaskClub lowered Axcelis Technologies from a hold rating to a sell rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Axcelis Technologies presently has an average rating of Hold and an average price target of $31.33.

Shares of Axcelis Technologies (NASDAQ ACLS) traded down $1.45 during mid-day trading on Friday, hitting $33.75. 822,083 shares of the stock were exchanged, compared to its average volume of 942,165. Axcelis Technologies has a 1 year low of $11.55 and a 1 year high of $36.20. The company has a market cap of $1,030.00, a PE ratio of 31.15, a PEG ratio of 1.38 and a beta of 1.10.

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In other news, CFO Kevin J. Brewer sold 17,339 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $20.75, for a total transaction of $359,784.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Douglas A. Lawson sold 14,454 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,641 shares of company stock worth $2,347,514. Insiders own 5.66% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its position in Axcelis Technologies by 405.6% during the second 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. Russell Investments Group Ltd. boosted its position in Axcelis Technologies by 247.3% during the second quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock valued at $3,386,000 after purchasing an additional 115,111 shares in the last quarter. Swiss National Bank bought a new stake in Axcelis Technologies during the second quarter valued at about $1,029,000. Virtu KCG Holdings LLC bought a new stake in Axcelis Technologies during the second quarter valued at about $672,000. Finally, KBC Group NV boosted its position in Axcelis Technologies by 138.0% during the second quarter. KBC Group NV now owns 77,218 shares of the semiconductor company’s stock valued at $1,618,000 after purchasing an additional 44,775 shares in the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.

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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