Axcelis Technologies Inc (ACLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Axcelis Technologies Inc (NASDAQ:ACLS) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.80.

ACLS has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $33.00 price target (down previously from $36.00) on shares of Axcelis Technologies in a research note on Thursday, January 18th. Zacks Investment Research cut shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 9th. Stifel Nicolaus boosted their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. B. Riley cut their price target on shares of Axcelis Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Several institutional investors have recently made changes to their positions in ACLS. BlackRock Inc. boosted its stake in shares of Axcelis Technologies by 97.1% in the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock valued at $112,361,000 after purchasing an additional 1,928,927 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of Axcelis Technologies in the 4th quarter valued at $9,523,000. Peregrine Capital Management LLC boosted its stake in shares of Axcelis Technologies by 45.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after purchasing an additional 257,541 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Axcelis Technologies by 138.9% in the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the semiconductor company’s stock valued at $11,888,000 after purchasing an additional 240,807 shares in the last quarter. Finally, SG Capital Management LLC purchased a new stake in shares of Axcelis Technologies in the 3rd quarter valued at $6,192,000. 77.66% of the stock is owned by institutional investors.

Axcelis Technologies (ACLS) traded up $1.00 during mid-day trading on Friday, reaching $24.35. 351,565 shares of the company’s stock were exchanged, compared to its average volume of 560,728. Axcelis Technologies has a fifty-two week low of $14.60 and a fifty-two week high of $37.05. The stock has a market cap of $754.73, a PE ratio of 6.51, a PEG ratio of 0.88 and a beta of 1.01.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s quarterly revenue was up 67.7% compared to the same quarter last year. analysts anticipate that Axcelis Technologies will post 1.34 earnings per share for the current year.

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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.

Analyst Recommendations for Axcelis Technologies (NASDAQ:ACLS)

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