Stifel Nicolaus upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research note published on Monday, January 22nd, Marketbeat reports. They currently have $31.00 price target on the semiconductor company’s stock.
A number of other equities research analysts also recently weighed in on the company. ValuEngine upgraded Axcelis Technologies from a hold rating to a buy rating in a report on Sunday, December 31st. BidaskClub downgraded Axcelis Technologies from a buy rating to a hold rating in a research note on Tuesday, December 12th. Benchmark restated a buy rating and set a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Zacks Investment Research upgraded Axcelis Technologies from a hold rating to a buy rating and set a $36.00 price objective for the company in a research note on Thursday, November 2nd. Finally, Craig Hallum downgraded Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $32.50.
Shares of Axcelis Technologies (ACLS) opened at $23.35 on Monday. Axcelis Technologies has a twelve month low of $14.60 and a twelve month high of $37.05. The stock has a market capitalization of $754.73, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s quarterly revenue was up 67.7% on a year-over-year basis. analysts forecast that Axcelis Technologies will post 1.34 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Axcelis Technologies by 97.1% during the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock worth $112,361,000 after acquiring an additional 1,928,927 shares during the period. Dimensional Fund Advisors LP boosted its position in Axcelis Technologies by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,835,551 shares of the semiconductor company’s stock worth $50,201,000 after acquiring an additional 25,567 shares during the period. Vanguard Group Inc. boosted its position in Axcelis Technologies by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,282,745 shares of the semiconductor company’s stock worth $26,873,000 after acquiring an additional 57,052 shares during the period. Peregrine Capital Management LLC boosted its position in Axcelis Technologies by 45.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock worth $22,711,000 after acquiring an additional 257,541 shares during the period. Finally, State Street Corp boosted its position in Axcelis Technologies by 8.8% during the 2nd quarter. State Street Corp now owns 547,721 shares of the semiconductor company’s stock worth $11,475,000 after acquiring an additional 44,530 shares during the period. Institutional investors own 77.66% of the company’s stock.
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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.
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