Axcelis Technologies (NASDAQ:ACLS) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a report released on Sunday, December 31st.

Several other research firms have also recently issued reports on ACLS. Zacks Investment Research raised Axcelis Technologies from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus upped their price objective on Axcelis Technologies from $20.00 to $31.00 and gave the company a hold rating in a research report on Wednesday, November 1st. Craig Hallum cut Axcelis Technologies from a buy rating to a hold rating in a research report on Friday, November 3rd. B. Riley upped their price objective on Axcelis Technologies from $30.00 to $39.00 and gave the company a buy rating in a research report on Friday, November 3rd. Finally, BidaskClub cut Axcelis Technologies from a buy rating to a hold rating in a research report on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $31.33.

Axcelis Technologies (NASDAQ:ACLS) opened at $30.25 on Friday. The stock has a market capitalization of $944.52, a P/E ratio of 25.42, a P/E/G ratio of 0.86 and a beta of 1.10. Axcelis Technologies has a 12-month low of $14.60 and a 12-month high of $37.05.

In other news, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. Insiders have sold a total of 190,190 shares of company stock worth $6,334,389 over the last three months. Insiders own 5.66% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Teachers Advisors LLC lifted its holdings in shares of Axcelis Technologies by 3.4% during the 1st quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock valued at $907,000 after buying an additional 1,568 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Axcelis Technologies by 31.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock worth $1,301,000 after purchasing an additional 15,000 shares during the period. Bank of New York Mellon Corp raised its holdings in Axcelis Technologies by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,554 shares of the semiconductor company’s stock worth $3,573,000 after purchasing an additional 7,424 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Axcelis Technologies by 60,456.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 67,823 shares of the semiconductor company’s stock worth $1,421,000 after purchasing an additional 67,711 shares during the period. Finally, Swiss National Bank bought a new position in Axcelis Technologies in the 2nd quarter worth $1,029,000. 77.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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