Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $169.00 Average PT from Brokerages

Axcelis Technologies, Inc. (NASDAQ:ACLS) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $169.00.

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday, May 3rd. Craig Hallum raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Friday, May 3rd. B. Riley Financial lowered their price target on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Benchmark cut their price objective on Axcelis Technologies from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, B. Riley cut their price target on shares of Axcelis Technologies from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, with a total value of $55,520.00. Following the acquisition, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ACLS. Lincoln National Corp grew its stake in shares of Axcelis Technologies by 2.1% in the 4th quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 88 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Axcelis Technologies by 1.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,839 shares of the semiconductor company’s stock worth $1,276,000 after purchasing an additional 102 shares during the period. Arizona State Retirement System lifted its holdings in shares of Axcelis Technologies by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after buying an additional 121 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Axcelis Technologies by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 1,316 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 124 shares in the last quarter. Finally, Intrust Bank NA raised its position in Axcelis Technologies by 3.2% in the fourth quarter. Intrust Bank NA now owns 4,477 shares of the semiconductor company’s stock worth $581,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Down 1.9 %

Shares of NASDAQ:ACLS opened at $111.27 on Friday. Axcelis Technologies has a 52-week low of $93.77 and a 52-week high of $201.00. The stock has a market cap of $3.62 billion, a P/E ratio of 14.70, a PEG ratio of 1.24 and a beta of 1.64. The business has a fifty day moving average of $107.88 and a two-hundred day moving average of $120.53. The company has a quick ratio of 2.87, a current ratio of 4.00 and a debt-to-equity ratio of 0.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.33. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The business had revenue of $252.37 million during the quarter, compared to analysts’ expectations of $242.61 million. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that Axcelis Technologies will post 6.63 earnings per share for the current year.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.