Benchmark Co. restated their buy rating on shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in a research report report published on Friday morning, MarketBeat Ratings reports. Benchmark Co. currently has a $28.00 target price on the semiconductor company’s stock, up from their prior target price of $24.00.

A number of other brokerages also recently issued reports on ACLS. B. Riley reiterated a buy rating and issued a $30.00 price target on shares of Axcelis Technologies in a report on Friday, August 4th. Zacks Investment Research cut Axcelis Technologies from a strong-buy rating to a hold rating in a research note on Wednesday, July 5th. Wedbush increased their price objective on Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. ValuEngine raised Axcelis Technologies from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, BidaskClub cut Axcelis Technologies from a hold rating to a sell rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $25.33.

Axcelis Technologies (NASDAQ:ACLS) opened at 21.50 on Friday. The company has a market capitalization of $671.29 million, a PE ratio of 23.07 and a beta of 1.08. The company has a 50 day moving average of $21.12 and a 200 day moving average of $20.15. Axcelis Technologies has a 1-year low of $11.05 and a 1-year high of $26.52.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results 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 net margin of 9.10% and a return on equity of 12.52%. The firm had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. During the same period in the previous year, the company posted $0.10 earnings per share. Axcelis Technologies’s quarterly revenue was up 59.4% on a year-over-year basis. On average, analysts predict that Axcelis Technologies will post $1.25 earnings per share for the current fiscal year.

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In other Axcelis Technologies news, CFO Kevin J. Brewer sold 17,339 shares of Axcelis Technologies stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $20.75, for a total transaction of $359,784.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas A. Lawson sold 14,454 shares of Axcelis Technologies 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 disclosure for this sale can be found here. Company insiders own 5.66% of the company’s stock.

Several institutional investors have recently made changes to their positions in ACLS. Royal Bank of Canada boosted its holdings in Axcelis Technologies by 391.3% in the 2nd quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock worth $103,000 after buying an additional 3,913 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Axcelis Technologies in the 1st quarter worth about $107,000. Creative Planning boosted its holdings in Axcelis Technologies by 22,400.0% in the 2nd quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after buying an additional 5,600 shares during the last quarter. J.P. Marvel Investment Advisors LLC acquired a new stake in Axcelis Technologies in the 2nd quarter worth about $220,000. Finally, Voya Investment Management LLC acquired a new stake in Axcelis Technologies in the 2nd quarter worth about $271,000. Hedge funds and other institutional investors own 75.85% 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.

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