Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have received an average recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.20.

A number of research analysts have recently weighed in on ACLS shares. DA Davidson cut shares of Axcelis Technologies from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Thursday, April 2nd. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. TheStreet upgraded Axcelis Technologies from a “c+” rating to a “b” rating in a research report on Wednesday. B. Riley increased their price objective on Axcelis Technologies from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Benchmark boosted their target price on shares of Axcelis Technologies from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 7th.

Shares of ACLS stock opened at $23.52 on Thursday. The stock has a market cap of $825.00 million, a P/E ratio of 35.64 and a beta of 1.42. The company has a quick ratio of 3.39, a current ratio of 5.20 and a debt-to-equity ratio of 0.11. Axcelis Technologies has a fifty-two week low of $12.99 and a fifty-two week high of $29.24. The business has a fifty day simple moving average of $21.33 and a 200-day simple moving average of $22.73.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Axcelis Technologies had a net margin of 5.99% and a return on equity of 5.35%. The firm had revenue of $118.99 million during the quarter, compared to the consensus estimate of $94.58 million. During the same period last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, sell-side analysts anticipate that Axcelis Technologies will post 0.86 earnings per share for the current year.

In other news, VP Lynnette C. Fallon sold 19,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $28.25, for a total transaction of $550,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary G. Puma sold 75,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $26.13, for a total transaction of $1,959,750.00. The disclosure for this sale can be found here. Corporate insiders own 2.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Axcelis Technologies by 26.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,217 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 466 shares during the period. Prudential Financial Inc. grew its holdings in shares of Axcelis Technologies by 1.2% during the 4th quarter. Prudential Financial Inc. now owns 49,882 shares of the semiconductor company’s stock worth $1,202,000 after purchasing an additional 580 shares during the period. Legal & General Group Plc boosted its holdings in Axcelis Technologies by 0.9% in the 1st quarter. Legal & General Group Plc now owns 85,052 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 757 shares during the period. Bank of Montreal Can boosted its holdings in Axcelis Technologies by 26.9% in the 4th quarter. Bank of Montreal Can now owns 4,526 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 960 shares during the period. Finally, Comerica Bank boosted its holdings in Axcelis Technologies by 3.6% in the 1st quarter. Comerica Bank now owns 31,459 shares of the semiconductor company’s stock worth $682,000 after acquiring an additional 1,085 shares during the period. 85.67% of the stock is owned by institutional investors.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides curing systems and thermal processing systems.

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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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