Axcelis Technologies (NASDAQ:ACLS) PT Lowered to $170.00 at Benchmark

Axcelis Technologies (NASDAQ:ACLS) had its price objective decreased by Benchmark from $180.00 to $170.00 in a research note published on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently commented on the stock. B. Riley dropped their target price on shares of Axcelis Technologies from $165.00 to $155.00 and set a buy rating on the stock in a report on Friday. Needham & Company LLC reaffirmed a hold rating on shares of Axcelis Technologies in a report on Friday. Craig Hallum raised Axcelis Technologies from a hold rating to a buy rating and set a $130.00 price objective for the company in a research note on Friday. Finally, B. Riley Financial cut their target price on Axcelis Technologies from $180.00 to $165.00 and set a buy rating on the stock in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $169.00.

Axcelis Technologies Stock Performance

ACLS opened at $111.45 on Friday. The business has a 50 day moving average price of $107.79 and a two-hundred day moving average price of $120.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.71. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. Axcelis Technologies has a 1-year low of $93.77 and a 1-year high of $201.00.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data 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. The business had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.61 million. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Research analysts predict that Axcelis Technologies will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Douglas A. Lawson purchased 500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the transaction, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors have recently modified their holdings of the stock. Lincoln National Corp raised its stake in shares of Axcelis Technologies by 2.1% during the 4th quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company’s stock worth $560,000 after purchasing an additional 88 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Axcelis Technologies by 1.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,839 shares of the semiconductor company’s stock worth $1,276,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System raised its position in Axcelis Technologies by 1.3% during the third quarter. Arizona State Retirement System now owns 9,313 shares of the semiconductor company’s stock valued at $1,518,000 after acquiring an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in 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 acquiring an additional 124 shares during the last quarter. Finally, Intrust Bank NA increased its stake in shares of Axcelis Technologies by 3.2% during the 4th quarter. Intrust Bank NA now owns 4,477 shares of the semiconductor company’s stock worth $581,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.98% 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.