B. Riley reaffirmed their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a research note issued to investors on Tuesday morning. They currently have a $39.00 target price on the semiconductor company’s stock.

Several other research analysts have also weighed in on ACLS. ValuEngine raised Axcelis Technologies from a hold rating to a buy rating in a research report on Friday, September 1st. Benchmark reaffirmed a buy rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a research report on Friday, September 8th. Zacks Investment Research lowered Axcelis Technologies from a buy rating to a hold rating in a research report on Thursday, September 14th. Stifel Nicolaus boosted their target price on Axcelis Technologies from $20.00 to $31.00 and gave the company a hold rating in a research report on Wednesday, November 1st. Finally, Craig Hallum lowered Axcelis Technologies from a buy rating to a hold rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Axcelis Technologies has a consensus rating of Hold and an average price target of $31.33.

Shares of Axcelis Technologies (NASDAQ:ACLS) traded up $0.90 on Tuesday, reaching $30.60. The company’s stock had a trading volume of 593,500 shares, compared to its average volume of 442,775. The firm has a market cap of $932.97, a P/E ratio of 26.28, a PEG ratio of 1.03 and a beta of 1.07. Axcelis Technologies has a 52-week low of $13.10 and a 52-week high of $37.05.

In related news, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin J. Brewer sold 62,348 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.46, for a total value of $1,400,336.08. The disclosure for this sale can be found here. Insiders sold a total of 265,038 shares of company stock valued at $8,016,850 over the last ninety days. 5.66% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Algert Global LLC purchased a new stake in shares of Axcelis Technologies during the third quarter worth $1,124,000. Jane Street Group LLC purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $201,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $655,000. Allianz Asset Management GmbH purchased a new position in shares of Axcelis Technologies during the 3rd quarter valued at $2,538,000. Finally, OxFORD Asset Management LLP lifted its stake in shares of Axcelis Technologies by 71.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 82,877 shares of the semiconductor company’s stock valued at $2,176,000 after buying an additional 34,443 shares in the last quarter. 78.14% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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